AR

FCA Publishes Supervisory Findings and Dear CEO Letter About Principals and Appointed Representatives in the Investment Management Sector

By Carolyn H. Jackson, Nathaniel Lalone & Neil Robson on May 24, 2019

Posted in Financial Markets, UK Developments

On May 20, the UK Financial Conduct Authority (FCA) published a webpage with findings from its supervisory work on how principal firms in the investment management sector understand and comply with their regulatory responsibilities in respect of their appointed representatives (ARs).

The FCA conducted a survey of 338 principal firms, each with between one and 80 ARs. The FCA visited 15 of the principal firms for a more detailed review. The FCA was particularly interested in: business model risks; the oversight and ongoing monitoring of ARs; and financial resources.
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FCA Publishes Alert for Firms Who Have Appointed Representatives

By Neil Robson on November 10, 2017

Posted in Financial Markets, UK Developments

On November 3, the UK Financial Conduct Authority (FCA) published an alert addressed to all firms who have Appointed Representatives or Introducer Appointed Representatives (ARs). An AR is a person who conducts regulated activities and acts on behalf or under the regulatory structure/licence of an authorized firm (its principal).
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