The FCA’s Business Plan for 2023/24, covered in overview in our earlier post, reiterates the FCA’s focus on reducing misconduct that can cause serious harm, and includes six commitments and related actions the FCA plans to take over the coming year.
Principal firms, appointed representatives (ARs) and anyone considering entering an AR relationship should note the FCA’s continuing commitment to improving oversight of ARs.
This follows the introduction of new rules which came into force in December 2022 (see our posts here and here for a recap). The new regime strengthens the responsibilities and expectations of principals and imposes new