The FCA has published an alert to all Principals, regardless of sector, who have one or more Appointed Representatives or Introducer Appointed Representatives (‘ARs’). Principals are responsible for the regulated activities of their ARs. The alert sets out the risks that the FCA expects firms to consider and act upon, where relevant.
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This is a follow up to previous alerts about the risks involved in dealing with Introcuders. All Principal and Appointed Representative firms should read it.
For information.
FCA disappointed. 73% of 113 firms failed to provide the required generic information on how they charge for advice.
The second stage of the FCA’s thematic reviews regarding firms’ delivery of the RDR has been published and focusses on independence. If you are interested in knowing more about what independence means then read on.
Do you include ‘Benefit Statements’ in your reports?
Is this what your suitability report could be growing?
Consumer Credit – When to Apply for Full Authorisation
Steve Bailey Compliance 2014, 2016, FCA
The FCA has issued guidelines to firms about when and how they should apply for full consumer credit authorisation. All firms who hold interim permissions or are new to consumer credit should read on.