Principals and ARs: FCA thematic review explained

It's a matter of principal

clock • 4 min read

Aileen Lynch condenses the FCA's thematic review into principals and ARs which identified 'serious and widespread' issues...

While the regulator's Thematic Review TR16/6: Principals and their appointed representatives focused on the general insurance sector, the findings are also applicable to principals and appointed representatives (AR) operating in other sectors of the UK financial services industry. The Financial Conduct Authority (FCA) expects all principals to consider the findings in this report and to take appropriate action, where applicable, to address the issues that are relevant to them. This review had its roots in previous work by the FCA (TR 15/7 - Delegated authority: Outsourcing in the gene...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

MPs slam FCA's 'draconian and opaque' email deletion plans

MPs slam FCA's 'draconian and opaque' email deletion plans

Policy said to present 'inevitable, illogical and irrational risks'

Linus Uhlig
clock 24 February 2025 • 2 min read
FCA's ongoing advice services findings 'encouraging' but work not over

FCA's ongoing advice services findings 'encouraging' but work not over

Advisers said to be breathing collective sigh of relief

Isabel Baxter
clock 24 February 2025 • 7 min read
The poor practices found in FCA's ongoing services review

The poor practices found in FCA's ongoing services review

And what advice firms were doing well

Jen Frost
clock 24 February 2025 • 2 min read