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Appointed Representatives

We work extensively with appointed representatives and provide a range of support services for principal firms who’ve appointed – or are looking to appoint – ARs.

Through our sister company Resolution Compliance, we also act as principal to firms who choose to operate as ARs, so avoiding the need for direct FCA authorisation.

Principal firms

If you’re acting as a principal, you need to be absolutely clear which activities your appointed representatives are permitted to undertake. Because they’re relying on your permissions, what your ARs do (or don’t do) is your regulatory responsibility.

Our expert team can help you understand your appointed representatives’ sources of business, clarifying where, for example, introducing might spill over into assisting. In the context of new definitions in IDD and changes to PERG, it’s particularly important to be clear about what constitutes a passive introduction.

We also provide a due diligence service on prospective ARs, and their approved persons, prior to appointment. We can review ARs’ documentation and help you develop risk-based monitoring plans and compliance infrastructures.

We also offer an outsourced audit service, either remotely or onsite, depending on the risk factors involved and your own requirements as principal.

Appointed Representatives

Alternatively, if you’re looking to act as an appointed representative, our sister company Resolution Compliance can act as principal to your firm. It has permissions across corporate finance, insurance, fund marketing, financial advice, equity crowdfunding, and peer-2-peer lending.

For more on becoming an appointed representative, visit Resolution Compliance.

Resolution Compliance

 

 

 

‘Resolution Compliance Limited is one of the leading providers of network solutions in the UK. Bringing years of industry experience, we provide total network solutions tailored to your offering.’

Compliance Star

Compliance Star

Our on-demand compliance software Compliance Star provides efficient and effective remote management of appointed representative firms, with real-time data collection and reporting. This improves overall regulatory oversight for the principal and provides an improved experience for the appointed representative firm.

To find out more about the features and benefits of Compliance Star, request a demo, or speak to a member of the team, call 0203 859 0056 or visit compliancestar.co.uk.

How we can help

For more information about any of our AR services, call 0207 436 0630 to speak to a member of our expert team or email info@thistleinitiatives.co.uk.


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