Appointed Representatives 165 request
What has happened?
In its October 2022, regulation roundup, the FCA reminded firms that new rules for Appointed Representatives begin on 8 December 2022.
What are the key points?
As part of the improved reporting requirements, the FCA will be sending principal firms a Section 165 request requiring information about their ARs. Firms should receive this between 8 and 10 December 2022.
New AR notification forms also commence on 8 December.
The request will go to the firm’s principal user on Connect and so firms should ensure this data is up to date.
Firms will have until 28 February 2023 to respond to this request.
How can we help you?
If you’d like to know more about how we can help you with your Appointed Representative supervision and governance arrangements, or any other regulatory compliance issues, our specialist team is here to help.
Contact us today on 0207 436 0630 or email info@thistleinitiatives.co.uk.