All or nothing
Q. Can my firm's general insurance business be authorised as an appointed representative if, as an independent financial adviser, we are regulated through a network?
Under Financial Services Author-ity rules, a firm cannot be an appointed representative for part of its business and directly authorised for the remainder. If you are a member of a life or mortgage-based network, it is possible that that network holds insufficient general insurance agencies to be of interest to the firm. By remaining as an appointed representative without direct FSA authorisation, the firm would not be able to hold its own general insurance agency facilities and, unless agreed
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