BAI (RUN-OFF) LTD

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Addresses

The contact details this firm has registered with the FCA.

The regulated activities the FCA has granted this firm permission to carry out.

Bank Deposits

For All, Deposit
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- · Limited to accepting deposits in the course of carrying on insurance business for which the firm holds a permission.
Authorised to Operate
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- · The firm can only agree to carry on the regulated activities specified in this Notice.
Manages Insurance Policies

For All, Damage to property, Fire and natural forces, General liability, Land Vehicles
Trades With You Directly

For Eligible Counterparty, Professional, Retail (Investment), Commodity Future, Commodity option and option on commodity future, Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet), Future (excluding a commodity future and a rolling spot forex contract), Option (excluding a commodity option and an option on a commodity future), Rights to or interests in investments (Contractually Based Investments), Rolling spot forex contract, Spread Bet
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- · The firm, in carrying out this regulated activity, is limited to entering into transactions in a manner which, if the firm was an unauthorised person, would come within article 16 of the RAO.
- · Investment activity in "rights to or interests in investments (contractually based)" is limited to investment types granted for this activity.

Senior staff personally approved by the FCA to hold their roles here.

Dan Schwarzmann
IRN DXS02201
- SMF3 Executive Director (since 10 Dec 2018)
- CF3 Chief Executive (3 Sep 2014 to 9 Dec 2018)
Douglas Nigel Rackham
IRN DNR01015
- SMF26 Head of Small Run-Off Firm (since 22 Jul 2020)
John Goodwin
IRN JXG02329
- SMF3 Executive Director (since 10 Dec 2018)
- CF1 Director (24 Oct 2016 to 9 Dec 2018)
Keith Hamilton White
IRN KHW01020
- SMF3 Executive Director (since 10 Dec 2018)
- CF1 Director (28 Oct 2016 to 9 Dec 2018)
Mark Charles Batten
IRN MCB01110
- SMF3 Executive Director (10 Dec 2018 to 10 Dec 2018)
- CF3 Chief Executive (3 Sep 2014 to 9 Dec 2018)

Updates to this firm's record on the FCA register.

No changes recorded yet.

A quick guide to the terms on this page.

The FCA: The Financial Conduct Authority is the UK's regulator for banking, lending, insurance, investments and payments. Any firm offering these services has to be authorised by the FCA.
Permissions: The specific regulated activities a firm is allowed to carry out, like advising on insurance, lending money or arranging investments. Anything outside this list isn't covered.
Approved individuals: Senior staff (directors, compliance officers and similar) have to be approved by the FCA personally before they can take up the role. They're held accountable for the firm's conduct.
Appointed representatives: Smaller firms can do regulated business under another firm's authorisation rather than getting their own. The bigger firm (the 'principal') is legally on the hook for what they do.

Information on this page is sourced from the official FCA register.