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AgentThe decision-maker in a principal-agent relationship.AgentA person appointed by a principal to act on the latter's behalf in business.Similar MatchesInformation AgentInformation AgentAgent whose primary task is to disseminate and explain the details of capital transactions. Tied agentTied agentSee 'company representative'. Company representative (tied agent)Company representative (tied agent)A financial services sales rep, authorised to give financial advice on life assurance, pensions and unit trusts, but only allowed to recommend products from his/her employer. Unlike, IFAs, therefore, tied agents cannot be assumed to give impartial advice.Under the Financial Services Act 1986 all financial advisers must tell prospective clients whether they are tied agents or independent, so that the client knows what kind of advice he is getting.Tied agents are regulated by the Financial Services Authority (FSA). Paying agentPaying agentAn agent who makes principal and interest payments to bondholders on behalf of the issuer. Dividend Disbursing AgentDividend Disbursing AgentA commercial bank or financial institution that disburses dividend to the securityholders. Usually a Transfer Agent is also the Dividend Disbursing Agent. Further SuggestionsUniform securities agent state law examinationPrincipal agent relationship Co agent Transfer agent Insurance agent estate agent Tied agents |
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