Companies who offer insurance products - whether as a full time occupation or as an additional service to customers, are regulated by the Financial Conduct Authority (FCA).
The list of companies affected by the new regulations will obviously include Insurance Brokers but also contains Estate Agents, Property Managers, Motor Traders, Dentists, Vets and Freight Forwarders.
For many companies, compliance with regulation is a large and daunting task. Stride Limited can offer advice, support and assistance in dealing with all aspects of the regulation process, including the assessment of existing working practices.
For certain types of client, Stride Limited may be able to help you to become an Appointed Representative or Introducer Appointed Reprentative to ourselves.
- What is an Appointed Representative (AR)?
An Appointed Representative is an agent for a principal or principals. The principal is authorised to conduct insurance business and is responsible for their Appointed Representatives' compliance. The arrangement is subject to a contract and the representative agrees to act in accordance with the standards of the principal.
- What is an Introducer Appointed Reprentative (IAR)?
As an Introducer Appointed Reprentative your activity would be limited to introducing customers to your principal and facilitating non-real time financial promotions.
Stride Limited is also able to help you to become authorised in your own right and can offer a full Compliance Consultancy service to help you do this. If you would like to discuss the type of service we can offer your business please contact the Compliance Department:
- Direct dial: 023 9224 8780
- Fax: 023 9224 8769
- Email: firstname.lastname@example.org
All enquiries will be treated in the strictest confidence.
Additional information can also be found on the FCA website which includes full details of their rules and guidance, policy consultation and announcements.