Network members struggle with compliance - research

Appointed representatives (ARs) in these areas are over reliant on the quality of the supervision and compliance being provided by their network, according to the survey. The business support firm says it believes networks themselves also need to do more to improve their supervision models and how they conduct monitoring activity. This includes doing more about business compliance, including assessing financial strength and periodic fit and proper tests. “We expected participating firms who were appointed representatives of networks to perform reasonably well but surprisingly they d...