(1) A regulated firm shall provide a consumer, upon request, with a certificate on the firm's headed stationery, in the format prescribed in the Schedule to these Regulations, confirming that a person performing a relevant function, for whom the firm is responsible under Regulation 3, meets the standards set out in Part 1 of the Minimum Competency Code.
(2) A regulated firm shall ensure that the certificate is signed by an appropriate person within the regulated firm.
(3) A regulated firm shall maintain a record of the certificates issued and carry out an annual review to ensure they are accurate and up to date.