FCA confirms new rules to improve oversight of Appointed Representatives (PS22/11)
The FCA has published their policy statement on Improving the AR Regime (PS22/11) giving firms a 4 month window to implement the requirements.
The key outcomes the FCA are seeking:
- Principals understand their responsibilities in relation to ARs, have stronger and better oversight of, and take more effective responsibility for, their ARs.
- The FCA can better challenge firms with, and those looking to appoint, ARs.
- Principals address problems with their ARs that are, or have the potential to, cause harm to consumers or markets.
- Consumers can access better‑quality information on principals and ARs and make good decisions when choosing products or services
For the full policy statement, please click here…
We will be holding a Bitesize webinar on 15th August 2022 11am-12pm “The New AR Regime PS22/11 – What firms need to do by the deadline 8th December 2022”. For full details of the session and how to book please click here…