WE HELP FIRMS THAT HAVE OR WANT TO BUILD AN APPOINTED REPRESENTATIVE NETWORK

The strategy of creating a network of Appointed Representatives (ARs) presents an attractive opportunity for firms to expand their salesforce and grow their businesses.  Firms taking advantage of these benefits have to meet strict Financial Conduct Authority (FCA) regulatory obligations.

These require significant compliance resources and robust systems and processes, placing onerous demands on teams that are already under considerable pressure or which lack the knowledge and expertise required. We have onboarded and continue to monitor over 500 Appointed Representatives and can help you minimise the regulatory burden whilst providing the visibility and control you require.

WHAT THE FCA EXPECT

A thematic review published by the FCA in July 2016 revealed significant failings in relation to Principal firms’ understanding of their regulatory obligations for their ARs and the level of oversight of their ARs’ activities.

Among the many issues were potential mis-selling and a lack of effective risk management, oversight and control frameworks, to identify, monitor and mitigate risks arising from AR activities.

FCA expectations checklist

HOW WE HELP YOU

AR Monitor is an Appointed Representative (AR) onboarding and monitoring service which follows a six step process designed to meet the FCA expectations. 

It combines knowledge of AR compliance management with advanced technology to reduce the compliance burden, evidence the implementation and management of your AR compliance framework and with an interactive data reporting studio provides deeper risk insight and business intelligence to enable smarter risk and compliance decisions.

More about the service