Aileen Lynch condenses the FCA's thematic review into principals and ARs which identified 'serious and widespread' issues...
While the regulator's Thematic Review TR16/6: Principals and their appointed representatives focused on the general insurance sector, the findings are also applicable to principals and appointed representatives (AR) operating in other sectors of the UK financial services industry. The Financial Conduct Authority (FCA) expects all principals to consider the findings in this report and to take appropriate action, where applicable, to address the issues that are relevant to them. This review had its roots in previous work by the FCA (TR 15/7 - Delegated authority: Outsourcing in the gene...
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