Deko will be agreeing to take full responsibility for the conduct of your firm and its employees in respect of credit broking activity. Given the serious consequences of misconduct and non-compliance, Deko must be satisfied that your firm is capable of meeting the necessary requirements.
Deko has regulatory obligations to ensure that any IAR it appoints is ready, willing and organised to comply with the relevant requirements, and that the Directors, Owners or other Senior Management of the IAR are reputable individuals.
If Deko did not ask for this information, it would not be able to demonstrate that it has met its regulatory obligations and so these information requests are mandatory.