Best Practice for Principals & Appointed Representatives - What the FCA Expects

Introduction

The regulatory regime tightened significantly for Principals in December 2022.

Since that time the FCA has monitored the improvements that Principals and Appointed Representatives (‘ARs’) have made.

Following the FCA’s publication in September 2024 outlining good and poor practice, this virtual classroom seminar is specifically designed for Principal firms responsible for overseeing ARs.

You will be walked through all stages of the Principal-AR relationship from initial due diligence, onboarding, ongoing monitoring, management information, governance and more.

The session will appeal to senior managers, heads of compliance, Consumer Duty Champions, Certified compliance roles and others within the compliance function of a Principal firm. It is suitable for Introducer Appointed Representatives as well as Appointed Representatives.

What You Will Learn

This live and interactive course will cover the following:

• Principals and ARs - How does it work?
• What does the FCA tell us?
• Stages of the Principal-AR relationship
• The FCA’s hidden messages
• The difficulties encountered by principals
• The framework for a robust operating model:
• Senior Managers
• Principal Network
• Principal AR Network
• Principals and Appointed Representatives
• Principals and ARs
• Principal Firms
• SMF16
• Compliance

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.