An appointed representative (“AR”) is a firm or person who carries on a regulated activity, or activities, under the responsibility of an authorized financial services firm. An authorized firm that appoints representatives in...more
The FCA has published a policy statement and final rules aimed at improving the appointed representatives (ARs) regime. Previous FCA data analysis had shown that there are more issues arising from principals and ARs than from...more
In December 2021, the United Kingdom’s Financial Conduct Authority (“FCA”) published a consultation paper (CP21/34) outlining proposed changes to its Appointed Representatives (“AR”) regime (the “Consultation”). The FCA’s AR...more