FCA’s multi-firm review into the supervision by principal firms of their ARs in the investment management sector

JAMIE ROGERS | May 29, 2019

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On 20 May 2019, the FCA published findings from its multi-firm review into the supervision by principal firms of their appointed representatives (“ARs“) in the investment management sector (“Investment Management Sector Review“).This review was conducted following the publication in July 2016 of the FCA’s Thematic Review TR16/6: Principals and their appointed representatives in the general insurance sector (see our blog post here for more details) (the “General Insurance Thematic Review“) which identified a number of shortcomings in the control and oversight of ARs by their principal firms. The FCA states that while the Investment Management Sector Review was focussed on the investment management sector, the findings may also be relevant to principals and ARs operating in other sectors of the UK financial services industry.

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EFU General Insurance Ltd

Founded in 1932, EFU General is the oldest and the largest insurance company of Pakistan. EFU opened its doors for business with a vision to be the foremost in making financial futures of its customers secure. Eighty years down the road, that vision still remains foremost in all it does.

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