WebAug 26, 2024 · The FCA requires significantly less data on Introducer ARs (IARs) than it does full ARs. This reflects the limited scope of activities that IARs are permitted to … WebAug 4, 2024 · As proposed, the majority of the new requirements will apply to both ARs and introducer appointed representatives (IARs), ie ARs who can only undertake limited activities (effecting introductions and distributing financial promotions) on behalf of the principal. Enhancing and clarifying the FCA's expectations of principals and their ...
FCA cuts AR notification time in half to 30 days - FTAdviser
WebFeb 28, 2024 · The Financial Conduct Authority (FCA) is clamping down on businesses with appointed representatives (ARs). Between 8 and 12 December, the regulator has sent principal firms a mandatory Section 165 data request to gather information on ARs. Section 165 under the FCA Enforcement Guide gives the watchdog the power to “require … WebApr 30, 2010 · An Introducer may be exempt from the requirement to be authorised to carry out a regulated activity if he is an AR (as detailed in section 39 FSMA) of a regulated entity. mystic desert
Introducers and ARs - Dartcompliance
WebInstead, these firms can become 'ordinary' introducers excluded from regulation by virtue of the new article 33B. However, any firms that currently have IARs or are considering taking on introducers for insurance … WebNov 3, 2024 · In a warning published today, the FCA said: “The business carried out by a principal and its ARs can be inappropriately influenced by an introducer. “This can … WebWhat is an introducer appointed representative? SUP 12.2.8 G 08/12/2024 RP (1) An introducer appointed representative is an appointed representative appointed by a firm … mystic day hatvan