We set out the final rules for the Appointed Representative regime to enhance consumer protection and help protect markets. We also respond to feedback to CP21/34.
What we are changing
We consulted on changes to protect consumers and address harms across all the sectors where principals and ARs operate. We are requiring principals to provide more information on Appointed Representatives (ARs), and clarifying and strengthening the responsibilities and expectations of principals.
Who this is for
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all firms that currently have ARs
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firms that intend to have ARs in the future
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ARs themselves
Next steps
The changes took effect on 8 December 2022. Principals should read our updated rules and expectations and take necessary steps to ensure they comply.
As part of our enhanced reporting requirements, between 8 and 12 December 2022 we sent sending principal firms a Section 165 request. The request asks principals to provide information about their ARs.
Firms have until 28
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