33 Appendix one Appendix one - Adviser firm Agreements Have you ... Yes / No Comments Reviewed all relevant agreements to ensure roles and responsibilities are clear? Reviewed all relevant agreements / communications aimed at consumers to ensure they meet the Consumer Understanding outcome? Agent as client: • Agreement between you and the DIM • Platform agreements • Agreement between you and the underlying investor: – Has the investor provided their authority and clear consent for you to set up the arrangements on an agent as client basis and confirmed they understand the implications – Does the agreement: > Explain clearly how the arrangements are structured? > Explain that you are acting as the investor’s agent? > Explain the DIM is classifying you (adviser firm) as their client and not the investor? > Outline any protections retail investors may lose under the regulatory system (See Appendix 3)? > Obtain the investor’s authority and informed consent (Client signature)? Reliance on others: • Agreement between you and the DIM • Agreement between the DIM and the underlying investor (your client) • Platform agreements • Agreement between you and the investor (your client) Taken appropriate advice, for example legal advice
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