WebJul 2, 2024 · The fee for ARs remains at £250 per AR per year as proposed by the FCA in its Consultation Paper (CP21/8), but the fee for IARs is reduced to £75 per IAR per year. The FCA has not, though, agreed that the AR oversight cost should be spread across all fee payers, and has created a new ‘fee block’ for Principal firms (fee block A22). WebIn December 2024, the FCA announced a consultation paper, CP 21/34 on improving the appointed representatives (AR) regime and tackling consumer harm from this model. This CP was launched in the context of HM …
FCA
WebApr 6, 2024 · The FCA's Business Plan details the work it will do over the next 12 months to help deliver the ... The Treasury issued a consultation on 1 February 2024 on proposals for a broader future regulatory regime for cryptoassets. ... new regulatory returns and a dataset covering all ARs from our December 2024 information requirement (which asked ... WebMay 26, 2024 · The trade body said it was very disappointed with the proposals outlined by the Financial Conduct Authority (FCA) in its fees and levies consultation, which opened on 20 April and closed on 25 May. homes for rent hemphill tx
FCA moves to tighten appointed representatives …
WebFeb 28, 2024 · The FCA has identified the AR regime as an area of compliance weakness, following reviews of the general insurance and investment management sectors, as well as lessons from the Greensill Capital report.The regulator is considering reforms through a consultation paper.Final rule changes are expected by the end H1 2024, meaning firms … WebTo start this process, the FCA issued a Consultation Paper (CP 21/34) in December 2024. At the time of writing (March 2024) the deadline for first responses from the industry has just passed. ... “We think the FCA’s new focus on ARs is likely to reinforce the need for effective call monitoring and control across UK financial services. We ... WebDec 8, 2024 · The FCA's consultation suggests that there are now around 40,000 ARs operating under around 3,600 principal firms. The AR regime has, among other structures, allowed the development of financial ... hip newborn baby clothes