Appointed Representative application process
We have broken down the FCA Appointed Representative application process into 3 simple steps;
Assessment of requirements
Resolution Compliance will sit with you and decipher what your firm’s regulatory and compliance needs encompass. This will include what permissions you require in accordance with the Regulated Activities Order giving consideration to your current business structure, as well as future growth needs.
Appointed Representative take–on
We will complete the necessary and regulatory due diligence on the firm and key individuals as per the requirements set out under the FCA’s Threshold Conditions (COND). This will include a review of the firm’s business plan, financials, financial promotions and marketing material. All individuals will be subject to the successful completion of in-house regulatory training modules and assessments.
During the process, the firm is assessed first and subject to FCA approval, then listed on the FCA Register. Next, follows the Approved Persons who hold significant influence functions as assessed by Resolution Compliance.
On-going oversight & support
As an Appointed Representative you will be provided with regulatory support from your dedicated Compliance & Supervision Manager along with their support staff. This will include regulatory supervision onsite visits, audits and regular reporting via Attestations to ensure that you remain compliant with FCA regulations.