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This consultation paper outlines our proposed changes to the Appointed Representatives (AR) regime. The proposed changes aim to reduce potential harm arising across the sectors where they operate.
Addendum – 13 January 2022
On 13 January 2022, we made a small change to fix an error in paragraph 2.2 on page 54 of the CP. This was to remove the reference to ‘overseas firms’ and mirror the text used to describe scope of application in paragraph 1.15 on page 5.
Why we are consulting
The AR regime was created to allow self-employed representatives to engage in regulated activities without having to be authorised. Over time, it has evolved to include a wider range of business models across sectors and markets.
Our proposed changes to the AR regime aim to reduce potential harm and ensure that the regime delivers good outcomes for consumers and markets.
We are seeing a wide range of harm across all the sectors where f
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