Last call: Changes to the appointed representative regime

First assessment period ends 30 November

clock • 5 min read

As with Consumer Duty, the FCA's update to the AR regime focuses on a shift in both culture and behaviour, writes Kris Armstrong

We are now nearing the end of a transitional period for principal firms with appointed representatives to adjust to new Financial Conduct Authority (FCA) rules and guidance aimed at strengthening oversight of these arrangements.  An appointed representative (AR) is typically another firm, a separate legal entity, with whom the principal firm signs a contract allowing them to use their regulatory permissions.  When a principal firm appoints an AR, it is responsible for the regulated activities of the AR firm for which it has accepted responsibility. SimplyBiz's support proposition f...

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