The FCA is clear: only complete, well-evidenced applications will pass its strengthened gateway. Its latest review highlights good and poor practice across firm authorisations, SMF approvals, and controller applications, giving firms a clear benchmark. Poor submissions risk rejection, scrutiny, and leadership accountability.
This article breaks down the FCA’s findings, common pitfalls, and practical steps to prepare regulator-ready submissions.
The FCA has made oversight of Appointed Representatives a strategic priority — and firms are under the microscope. We unpack the regulator’s latest multi-firm review, the risks for principal firms, and the steps you should take now to stay ahead of scrutiny.
Padda Consulting is a London based compliance consultancy, focused on helping the insurance industry maintain and achieve regulatory compliance. We work with firms of all sizes, worldwide, our clients include but are not limited to brokers, insurers, Lloyd’s of London syndicates, MGA’s and Coverholders.
At Padda Consulting everything is informed by our three core principles: commitment, collaboration and consultancy.
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