The Appointed Representative Regime

Welcome to the Appointed Representatives Regime module

This module explores the new rules governing Appointed Representatives (ARs), which came into force on 8 December 2022. These updated requirements apply to firms authorised under the Financial Services and Markets Act 2000 (FSMA) that have responsibility for overseeing ARs.

By the end of the course, you will understand the new reporting obligations placed on principal firms and their appointed representatives by the Financial Conduct Authority (FCA). You will be familiar with the rules governing the appointment and ongoing supervision of ARs and know how to identify potential issues when monitoring an AR’s performance. You will also be clear about the circumstances in which an AR’s contract should be reviewed and terminated.

This course will equip you with the essential knowledge to apply the updated requirements confidently and ensure your firm remains compliant with the FCA’s expectations.