FSA criticises control of appointed representatives
The Financial Services Authority is not happy with the treatment of appointed representatives. Clive...
The Financial Services Authority is not happy with the treatment of appointed representatives. Clive Briault, managing director of retail markets at the Financial Services Authority, speaking at The UK Insurance & Financial Services Conference & Expo, said: "Many firms do not have sufficient systems and controls in place to monitor their appointed representatives adequately."
He noted a number of areas in which communication was breaking down, including a lack of compliance resource, minimal
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