Tied agents
Published by a LexisPSL Financial Services expert

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Tied agents
  • What is a tied agent?
  • Types of EEA tied agent
  • FCA registered tied agents
  • EEA registered tied agents
  • MiFID II requirements for firms appointing tied agents
  • UK requirements for firms appointing tied agents
  • Responsibility for EEA tied agents
  • Appointment of FCA registered tied agents
  • Appointment of EEA registered tied agents
  • More...

Tied agents

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

BREXIT: The UK’s exit from the EU and the end of the implementation period on 31 December 2020 will have an impact on this Practice Note. For more information, see Impact of Brexit on tied agents below.

This Practice Note examines the concept of tied agents within the recast Markets in Financial Instruments Directive (Directive 2014/65/EU) (MiFID II) and highlights some of the bespoke requirements of the Financial Conduct Authority (FCA) rules on appointed representatives (ARs) in relation to tied agents and EEA tied agents. The Practice Note highlights key differences and overlaps with ARs under the Financial Services and Markets Act 2000 (FSMA 2000). It also outlines the obligations for firms who appoint a agent'>tied agent or EEA tied agent, the notifications of changes they are expected to submit to the FCA, and the passporting regime for tied agents.

For further information on the appointed representative (AR)

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