An appointed representative (AR) is a firm or person who runs regulated activities and acts as an agent for a firm we directly authorise. This firm is known as the ARs ‘principal’. There must be a written contract between the principal and the AR documenting the arrangement
Appointed Representatives are not authorised by the FCA. Instead, they are registered with the FCA by an authorised firm that, in this case us ‘The Compliance Guys Ltd’ or as the FCA call that firm a ‘Principal’.
We ‘The Principle’ would allow the AR to facilitate in finance much like you would if you was directly authorised, many firms like comfort of being an appointed representative as they can learn more about what’s needed by having their Principle close at hand, you can pick the phone up to us and ask questions whenever you like and get a straight answer (something that’s a lot more difficult with the FCA); retailers or automotive dealers have a bit of an advantage too…what I hear you cry? Well, the partnerships we have in place at The Compliance Guys means, that if you commit to a certain amount of paid out deals each month, we have brokers in place who will subsidise your AR status! Yes, you could have The Compliance Guys as your Principle, one of the best brokers in the UK as your supplier and pay a vastly discounted rate each month or nothing!!
Being an Appointed Representative agent under The Compliance Guys you would also have full access to our bespoke compliance system ‘Klassify’; which will help with your ongoing responsibilities, keep your sales process slick and lean, we’ve even given you invoicing and training, along with several other automated processes, enabling you to be regulated and compliant.
#CaringNotScaring