Principals to respond to AR requests by 28 February 2023

Following confirmation that it will be sending principal firms that have ARs a s165 information request in December, the FCA has updated its webpage to let firms know that they should expect to receive this via Connect between 8 and 10 December 2022.

The FCA has also explained that the request will include:

  • reasons for any appointments
  • nature of regulated business
  • whether any unregulated business is conducted
  • anticipated revenue
  • nature of financial arrangements between principal and AR
  • complaints information and whether the AR is part of a group.

Firms will have until 28 February 2023 to respond to the s165 request.

Emma Radmore