Support with your AR network
The strategy of creating a network of Appointed Representatives (ARs) presents an attractive opportunity for firms to expand their salesforce and grow their businesses. Firms taking advantage of these benefits have to meet strict Financial Conduct Authority (FCA) regulatory obligations. These require significant compliance resources and robust systems and processes, placing onerous demands on teams that are already under considerable pressure or which lack the knowledge and expertise required. Our checklist summaries these expectations.
We have onboarded and continue to monitor over 500 Appointed Representatives (ARs). Our specialists use a six-step process to offer you a fast, effective service, powered by our regtech platform to provide full visibility and control, and on demand access to management dashboards and reports that enable smarter decisions and reporting to your board.
Outsource the AR compliance process
Managing the process using our innovative web based application evidences the implementation and management of your AR compliance framework for your board and if necessary, the FCA.
1. Prepare your AR compliance framework
We start by assessing your risk appetite and putting in place a structured framework to mitigate the risks arising from AR activities - or we review what you have to ensure it is compliant.
2. On-board your new ARs
We carry out enhanced and initial due diligence of the entity and its key people, along with FCA registration management. Key AR information is then stored in our web based application.
3. Prepare AR compliance training
We provide the AR with access to our e-learning application. In built processes ensure training is completed and a register maintained.
4. AR monitoring
Formalised review of AR company status, conduct and compliance. We use our web based application and e-forms to store information and record changes.
5. Manage changes and resolve issues
We manage any AR compliance changes and resolve issues that may arise from the on-boarding and monitoring processes e.g. new directors, change in sales commission structures.
6. Sales process oversight
Agree and manage a programme to mitigate the risks arising from the ARs’ sales processes.
Why choose Cosegic?
Our 360 degree perspective of regulatory affairs
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Our 360 degree perspective of regulatory affairs
Our wide range of financial sector experts come together on a regular basis to discuss their interactions with the FCA and the regulatory trends that they are seeing, providing us with a more informed understanding of the FCA than our competitors.
Direct, proportionate advice
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Direct, proportionate advice
Our unique perspective means we really do have our fingers on the pulse of regulation, which helps us to ensure that the advice we offer is practical, helpful and directly proportionate to our clients’ needs.
Our understanding of the role of compliance in firms
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Our understanding of the role of compliance in firms
We have watched the evolution of compliance over the past twenty years and understand that compliance must now become a core part of how financial services carry out their businesses in order for them to be successful.
Compliance confidence for visionary growth
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Compliance confidence for visionary growth
In recognising this, our services have been built in a way that can help you navigate regulation ensuring you will keep your vision and objectives intact. Our breadth of experience allows us to balance your business objectives with your compliance requirements.
