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Dear CEO: The Principles of being the Principal

[fa icon='calendar'] 28-Jun-2019 10:34:56 / by James Borley posted in Regulatory compliance, Trading and Broking sector, Regulatory compliance advisory, Payments sector

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In May of this year, the FCA released a ‘Dear CEO’ letter that addressed the failings of principal firms within the investment management sector. The FCA found that investment management firms (“principals”) failed to appropriately control and oversee their Appointed Representatives (ARs). There is an interesting takeaway from this letter for the payment services market regarding the relationship between The Principles for Businesses and agents.

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