FCA tightens appointed representative rules to cut mis-selling risk

Greater onus on principals

Jenna Brown
clock • 2 min read
FCA tightens appointed representative rules to cut mis-selling risk

The UK regulator has introduced tighter rules which make authorised firms more responsible for the actions of their appointed representatives (ARs). It said the rules would improve oversight of ARs in a bid to stamp out mis-selling and improve consumer outcomes. The new rules mean authorised firms - known as principals - will be more responsible for the actions of their ARs. The FCA explained ARs are not authorised by the regulator but can offer certain financial services or products...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login