An authorised firm which accepts business from an introducer must meet its regulatory requirements. If customers are given unsuitable advice by an introducer, the authorised firm may be held responsible for this and subject to regulatory action. Many authorised firms receive customer introductions from introducers And here’s the answer you’re looking for. A collection of related questions and answers you may need from time to time.
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Do introducers need to be regulated? – Popularly Asked Questions
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You need an Introducer Agreement You…
You need an Introducer Agreement You need to ensure that you have an appropriate Introducer Agreement in place with your Introducer, because the FCA has warned that your organisation will be held responsible (and subject to regulatory action) if: The Introducer goes beyond their remit when ‘introducing’ and/or -
An introducer is an individual appointed…
An introducer is an individual appointed by a firm or by an appointed representative of such a firm to carry out, in the course of designated investment business, either or both of the following activities: (a) effecting introductions; (b) distributing non-real time financial promotions. -
What is an Introducer Appointed Representative…
What is an Introducer Appointed Representative (?IAR?)? An IAR is a non-FCA authorised firm that has been appointed by an FCA authorised firm to perform limited regulated activity. The activity is limited only to: Introducing your customers to Deko, or another company in Deko’s Group (i.e. NewDay) -
making arrangements for another person (whether…
making arrangements for another person (whether as principal or agent) to buy, sell, subscribe for or underwrite a particular investment which is: (a) a security or a structured deposit; or
Explore Do introducers need to be regulated? with tags: Arranging deals in investments, FCA register, Investment introducer, Regulated activities Order FCA, FCA PERG, FCA Handbook
Additional information on Do introducers need to be regulated?
The regulation of introducers: Article 25 of the … – Lexology
- Summary: The regulation of introducers: Article 25 of the Regulated Activities Order Appointed Representatives and Introducer Appointed Representatives We are often asked whether a person or company needs to be FSA authorised when they provide an “introducing” based financial service. The answer, of course, depends on the scope of the activities being carried out and has recently been “clarified” somewhat by FSA. In this article…
- Author: lexology.com
- Rating: 1.23 ⭐
- Source: https://www.lexology.com/library/detail.aspx?g=69eed2ca-2c9f-4729-a0ce-1ee6d584b0d1
- Summary: If you’re authorised by the FCA and use Introducers, here’s what you need to know. Are you an authorised firm which engages Introducers, referrers or lead generators? Perhaps you are an investment firm, you organise consumer credit or you are another organisation which is authorised by the Financial Conduct Authority (FCA). If so what do you need to know? You need an Introducer Agreement You need to ensure that you have an appropriate Introducer Agreement in place with…
- Author: cloudlegalsupport.com
- Rating: 1.21 ⭐
- Source: https://cloudlegalsupport.com/introducers-need-authorised-fca/
The regulatory position of unregulated introducers and …
- Summary: The regulatory position of unregulated introducers and financial promotions -Kennedys Between 2010 and 2014, two unregulated pension introducers, Avacade Limited (in liquidation) and Alexandra Associates (UK) Limited (AA) trading as Avacade Future Solutions, were contacting retail customers, providing free pension reports and promoting self-invested personal pensions (SIPPs) which resulted in retail customers transferring existing pension funds into SIPPs and then into alternative high-risk investments, such as tree plantations and Brazilian property developments. More than 2000 retail customers transferred around £91.8…
- Author: kennedyslaw.com
- Rating: 2.22 ⭐
- Source: https://kennedyslaw.com/thought-leadership/case-review/the-regulatory-position-of-unregulated-introducers-and-financial-promotions/
Court of Appeal Takes Expansive View of Regulated …
- Summary: Court of Appeal Takes Expansive View of Regulated “Arranging” Activities This decision shines a spotlight on the activities of unregulated introducers. By Rob Moulton, Nicola Higgs, and Charlotte Collins In a recent decision, the Court of Appeal upheld the FCA’s findings that unregulated introducers had been carrying on regulated activities without permission by persuading individuals to transfer their personal pensions into alternative investment products…
- Author: globalfinregblog.com
- Rating: 3.24 ⭐
- Source: https://www.globalfinregblog.com/2021/10/court-of-appeal-takes-expansive-view-of-regulated-arranging-activities/
- Summary: Beware of unauthorised introducers | Seddons SolicitorsThe use of unauthorised introducers of business to regulated entities has long been a grey, sometimes murky area. Many have believed the relationships between unauthorised introducers and regulated entities often led to confusion and mis-information being passed onto the consumer at the very outset of the contemplated transaction. The Sipp industry has been no exception…
- Author: seddons.co.uk
- Rating: 3.09 ⭐
- Source: https://www.seddons.co.uk/our-thinking/beware-unauthorised-introducers
What is the future of unregulated introducers- Publications
- Summary: What is the future of unregulated introducers- PublicationsUnited KingdomFinancial services disputes and investigations10-08-2021The Court of Appeal has affirmed the first instance decision in Financial Conduct Authority v Avacade Limited (In Liquidation) & Others [2020] EWHC 1673 (Ch) (“the Avacade case”). This follows the high profile judgments in Berkeley Burke SIPP Administration Ltd -v-Financial Ombudsman Service Limited and Adams -v- Options UK Personal Pensions LLP ….
- Author: eversheds-sutherland.com
- Rating: 3.92 ⭐
- Source: https://www.eversheds-sutherland.com/global/en/what/articles/index.page?ArticleID=en/Financial-services-and-dispute-investigation/what_is_the_future_of_unregulated_introducers
What does the FCA expect on introducers and third parties?
- Summary: What does the FCA expect on introducers and third parties? | Money Marketing By Simon Collins 25th August 2016 2:50 pm The interaction of all parties in the fair treatment of customers remains centre stage, and maintaining a good reputation should be at the forefront of advisers’ minds. Reliance on others is permissible as indicated by the Conduct of Business rules. However, the FCA continues to focus on the governance arrangements…
- Author: moneymarketing.co.uk
- Rating: 1.08 ⭐
- Source: https://www.moneymarketing.co.uk/analysis/34-simon-collins-can-trust-reputation/
Exempt introducer – CBB Rulebook
- Summary: Exempt introducer | Rulebook A person who introduces business to an insurance firm or intermediary who does not fall within the definition of insurance intermediary or Appointed Representative as a consequence of the exclusions in Paragraph AU-1.4.13. Amended: October 2014
- Author: cbben.thomsonreuters.com
- Rating: 4.71 ⭐
- Source: https://cbben.thomsonreuters.com/rulebook/exempt-introducer
