Contact us Portal

News

FCA’s request for information on Appointed Representatives

by Alex Hackett, Business Development Manager

If you are a principal firm, you must respond to a mandatory Section 165 request that the FCA sent between 8 and 12 December to ask for information about new and existing ARs.

If you are a principal firm, you must respond to a mandatory Section 165 request that the FCA sent between 8 and 12 December to ask for information about new and existing ARs.

The request reflects new rules that strengthen the responsibilities and expectations of principals and requires them to provide more information about their ARs. See the FCA’s S165 guidance for principal firms for more information: https://www.fca.org.uk/firms/appointed-representatives-principals/section-165-request

Principals must also provide 60 calendar days’ notice using a Sup 15 form if you intend to start providing regulatory hosting services.

Firms have until 28 February 2023 to respond.

Author: Alex Hackett, Business Development Manager

Alex is a member of the investment funds team. She is involved in the portfolio construction process and assists with regulatory reporting, trade surveillance and monitoring.

DISCLAIMER

It is very important that you read this warning and disclaimer before proceeding, as it explains certain legal and regulatory restrictions applicable to any investment services we provide.

The contents of this website are communicated by, and the property of, Thornbridge Investment Management LLP (“Thornbridge”) which is authorised and regulated in the UK by the Financial Conduct Authority (“FCA”) under reference 713859. Thornbridge Investment Management LLP is also registered as a Commodity Pool Operator with the Commodity Futures Trading Commission and a Member of the National Futures Association under ID 0534444.

Cookies

Thornbridge does use cookies on its website. By proceeding you consent to our use of cookies.
Your personal data is not currently collected by Thornbridge using cookies.

Further details are available in our cookie policy.

Disclaimer

It is the responsibility of the individual user to consider his or her legal and regulatory position in the relevant jurisdiction, the risks associated with trading such products and to ensure that the use of the content and the subsequent making of any investment does not contravene any such restrictions or applicable laws and regulations of any jurisdiction. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific security, index, report, opinion, advice or other content. This does not exclude or restrict any duty or liability that Thornbridge has to its clients under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system under the laws of applicable jurisdictions.

Thornbridge, its subsidiaries, associated entities, partners, employees, representatives or suppliers will not be liable, on any grounds whatsoever, contractually or not, for any direct or indirect damage that may arise as the result of it being possible or impossible to gain access to this site, the accessing, visiting or use of this site and/or the information provided, the sending, or receiving of information via this site and/or the operation or non-operation of this site, except in the event of intentional or serious blame on its part. The information contained on this site, including any third party data is published in good faith and Thornbridge believes that the information is accurate at the time of publication but no representation or warranty, express or implied, is made by Thornbridge as to its accuracy or completeness and it should not be relied on as such.

Thornbridge shall therefore have no liability, save for any liability that Thornbridge may have under the UK Financial Services and Markets Act 2000, for any loss or damage arising out of the use or reliance on the information provided including without limitation, any loss of profit or any other damage, direct or consequential. Nor will Thornbridge, its subsidiaries, associated entities, partners, employees, representatives or suppliers be, under any circumstances, liable for any corruption of data that may occur as the result of technical problems (e.g. transmission errors, technical failures, breakdowns, intervention of third parties, etc.) and/or for any damage or loss relating to software or hardware that is the result of any virus, defect or malfunction in relation to access or use of the site.

Remember me