sajad torkamani

In a nutshell

An Appointed Representative (AR) is a firm or person who conducts regulated activity under the responsibility of an authorised financial services firm, known as “the principal”. The principal firm assumes responsibility to ensure the AR is competent and complies with FCA regulation.

The AR regime was first established in 1986 for investment services activity but later adapted and applied for a broader range of financial services activity through the Financial Service and Markets Act 2000 (FSMA).

Responsibilities of a principal firm