Prepare Parisian who will cut recording (5)
I believe the answer is:
equip
'prepare' is the definition.
(thesaurus)
'parisian who will cut recording' is the wordplay.
'parisian who' becomes 'qui' ('who' in French).
'will cut' is an insertion indicator (inserted letters cut their way in).
'recording' becomes 'EP' (short for Extended Play, type of record).
'qui' going inside 'ep' is 'EQUIP'.
(Other definitions for equip that I've seen before include "Sally" , "Provide with stock" , "Furnish with requirements" , "Provide everything that is required'" , "Provide what's needed" .)