FCA clamps down on Appointed Representatives in fresh consultation

Require stronger oversight by principals

clock • 4 min read
FCA clamps down on Appointed Representatives in fresh consultation

The Financial Conduct Authority (FCA) wants to change the Appointed Representatives (AR) regime to reduce potential harm to consumers and markets, while also retaining the cost, competition and innovation benefits it said the model can provide.

In a consultation published on Friday (3 December), the body outlined its broadly two-pronged plan, requiring more effective and strengthened oversight of ARs by the principals, while also requirin...

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