Brokers welcome FCA’s review of appointed representatives
Industry says attention from the regulator is a positive development and will help increase awareness of the model.
In its business plan for 2015/16, the Financial Conduct Authority (FCA) said it would review the role of appointed representatives, as well as the work of principal firms, ensuring they have adequate systems and controls in place.
Brokers using the appointed representative (AR) model welcomed this decision from the regulator and highlighted the importance of maintaining a high quality when adding new ARs.
Speaking to Insurance Age, Roger Gaunt, managing director of Gauntlet Group, pointed out
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