Annual Financial Testing

 

 

 

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Background

Before a principal firm appoints an appointed representative ( other than an introducer appointed representative) and on a continuing basis it must establish on reasonable grounds that the firm is solvent.

Compliance Star

  • Information requests are generated automatically according to the AR firms Companies House account filing date.
  • Notifications for both AR’s and principals for completion and checking through to sign off.
5-PAR_Annual-Financial-Testing

Benefits

  • Identification of the AR firms activity and solvency.
  • Principals can evidence ongoing oversight of the solvency of its AR firms.
  • Full transparency through centralised reporting that can be analysed and reported.
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