Andrew Bailey will become chief executive of the Financial Conduct Authority replacing Tracey McDermott.
Andrew Bailey has been appointed chief executive officer of the Financial Conduct Authority (FCA). The regulator has been led on an interim basis by Tracey McDermott since Martin Wheatley stepped down...
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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