Regulatory

In the second of two articles on Appointed Representatives, partner Tim Goodger considers changes impacting the appointed representative regime for insurance.  The Financial Conduct Authority (FCA) is focusing on the under-belly of the insurance intermediary market, the world of appointed representatives (ARs). By doing so, it addresses the perception that this aspect of the insurance […]

The enactment of the Economic Crime and Corporate Transparency Act 2003 (ECCTA), which received Royal Assent on 26 October 2023, heralds a transformative shift in the governments response to combatting economic crime. Our previous article set out the new administrative requirements imposed on LPs, introduced to increase transparency, and encourage better corporate governance, and can

Incoming changes to the FCA’s Appointed Representative Regime In August 2022 the Financial Conduct Authority (FCA) published a policy statement titled: Improvements to the Appointed Representatives regime in relation to its Consultation Paper 21/34. The FCA’s purpose in publishing this policy statement is to address concerns over potential failures in the due diligence of authorised