Industry response

BSA response to CP21/34

Improving the Appointed Representative regime

We are broadly supportive of any measures that increase oversight of distribution partners where there are current gaps. The proposed areas of change will provide the FCA additional information on ARs by introducing notification requirements for principals and clarifying and strengthening the responsibilities and expectations of principals. It is important that these requirements are proportionate and justified in the mortgage market. See here for our full response.

Contact

Harinder Chohan

Policy Manager

Tel: 02075205922 harinder.chohan@bsa.org.uk