The FSA are taking an increased interest in the appointment process of appointed representatives. The regulator will expect firms to be able to demonstrate that they have done a certain degree of pre-appointment due diligence and that post appointment they should have a formal written monitoring plan.

RWA can help you make sure that you have carried out sufficient due diligence on those appointed representatives that you are looking to appoint. We can also make sure that you have successfully registered the AR correctly on the ONA system.

Post appointment you must be able to demonstrate to the regulator that you are monitoring the introducer and that you have a formal mechanism for doing so.

Again, RWA can help you with this monitoring plan and also have the tools to help you monitor the competence of your ARs using our online assessment platform, The OBELISK.

Please make sure that you speak to RWA for advice before appointing any form of introducer.