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.
Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.
ATEB Compliance offers compliance and regulatory advice.
ATEB Suitability provides report writing software for the financial services market.
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.
The FCA has reported its conclusions on the Platform market ahead of a Consultation Paper.
This business model offers cost and profitability benefits for firms … but there are risks.
How do FCA regulations impinge on firms’ use of social media?
The FCA has issued a press release urging firms to start preparation for the SM&CR which applies to all FCA regulated firms from December 2019.
FCA Business Plan 2019-20
Alistair MacDougall Compliance 2019, FCA, MiFID, ML, Pension, Pension Transfer, PI, SM&CR
The FCA has announced its priorities for action over the coming months.