Close

Please complete the form below and we will be happy to assist you.

    All fields are required.

    What is an Appointed Representative Network?

    By David Petty   | 25/01/2023

    Share:

    Our AR Network platform supports firms as an alternative to being directly authorised by the Financial Conduct Authority (“FCA”).

    What is an Appointed Representative?
    An Appointed Representative (“AR”) can provide financial services products and services where they are correctly authorised via ‘Principal’ firm. This is via a contractual agreement in which the principal firm must take full responsibility for ensuring that the AR complies with relevant regulations. An AR’s details can be found under it’s Principal firms record on the FCA’s Financial Services Register.

    What is a Principal?
    A Principal is a firm directly authorised by the FCA that will be responsible for ensuring any AR’s meet their requirements. A Principal firm is responsible for undertaking due diligence to ensure that the AR meets the necessary requirements and must notify the FCA when it chooses to appoint an AR.

    What are the benefits of joining our Appointed Representative Network:
    As your Principal, we support you to achieve and maintain the highest regulatory conduct by providing you with compliance framework to help focus on running your business and undertake regular monitoring to provide confidence in your products and services.

    You will also benefit from best practice learnings using our e-Learning platform, making training your team easier and more efficient.

    Responsibilities of an AR:
    Appointed Representatives must understand and comply with regulatory requirements for the business you conduct. An Appointed Representative must:

    • Have a contract with a principal firm covering regulated business
    • Accepted responsibility in writing for the regulated activity the business undertakes

    Interested in joining our AR Network? Get in touch now to discuss.

    More from Appointed Representative Network

    Categories

    Popular Posts

    Trusted by