We work extensively with appointed representatives (ARs) 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 – and so avoid the need for direct FCA authorisation.
As a principal, it’s essential to be clear about what activities you’ll allow your appointed representatives to undertake. Because they rely on your permissions, what your ARs’ do (or don’t do) is your regulatory responsibility.
Our expert team can help you understand your ARs’ sources of business – clarifying where introducing might spill over into assisting. Creating clarity around what constitutes a passive introduction is especially important in the context of new definitions in IDD and changes to PERG.
We also provide a due diligence service on prospective appointed representatives 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.
Our sister company Resolution Compliance acts as principal to a number of Appointed Representatives. It has permissions across corporate finance, insurance, fund marketing, financial advice, equity crowdfunding, and peer-2-peer lending.
For more information on becoming an Appointed Representative, please visit the Resolution Compliance website.
“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.”