SimplyBiz has launched a new appointed representative (AR) support programme for both AR and principal firms.
Following new changes implemented by the Financial Conduct Authority (FCA) to the AR regime last year, the programme has been created to offer support and guidance around the provisions for the new reporting requirements and annual assessments, ahead of the 28 November deadline. The programme includes an audit, which is now an annual requirement under the new AR rules, alongside a guide and resource library. It will review and assess the "effectiveness and robustness" of an AR's internal systems, controls, procedures, and reporting to the principal firm, SimplyBiz detailed. This wi...
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