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ARTICLE · 27 FEBRUARY 2026

HM Treasury Consults On The Appointed Representatives Regime

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On 12 February 2026, HM Treasury published a Consultation Paper on reforming the Appointed Representatives regime ("ARs" and the "AR Regime"). The Consultation Paper builds on the Policy Statement published by HM Treasury...

United KingdomFinance and Banking
John Verwey
John Verwey
Anna Maleva-Otto
Anna Maleva-Otto
Rachel E. Lowe
Rachel E. Lowe
Michael Singh
Michael Singh
Sulaiman Malik
Sulaiman Malik
Edward Lister
Edward Lister
Adam Frost
Adam Frost
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On 12 February 2026, HM Treasury published a Consultation Paper on reforming the Appointed Representatives regime ("ARs" and the "AR Regime"). The Consultation Paper builds on the Policy Statement published by HM Treasury on 11 August 2025, which contained the Government's initial proposals for legislative changes designed to ensure continued confidence in the UK's approach to regulating ARs.

The Consultation Paper is seeking to deliver certain targeted reforms to the AR Regime to prevent misconduct by ARs, improve consumer protection outcomes and harmonise the conduct and fitness & propriety frameworks applying to ARs and the authorised firms that supervise them ("Principals").

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