Analysis

What will new regulations for appointed representatives mean for the industry?

By 2022-11-22T13:54:00

appointed representatives

The new AR regime is essentially ‘devolved regulation’, says managing director

On 3 August 2022, the FCA confirmed new rules that make authorised insurance firms more responsible for the oversight and management of their appointed representatives (ARs).

As part of these new rules, which are effective from 8 December 2022, regulated firms within the insurance sector will be required to action what the regulator called “enhanced oversight” of the ARs they work with.

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