UK Government Consults On Appointed Representatives Scheme

On 11 August 2025, the UK government published a policy statement setting out an approach intended to improve confidence in the use of Appointed Representatives (AR) and to safeguard the future of the UK's AR regime. The policy statement included an initial explanation of proposals intended to achieve this.

The government has now launched a consultation which sets out more detail on the proposed changes.

It views the AR regime as playing an important part in providing financial services, delivering a range of benefits to businesses and consumers. The regime provides a proportionate and cost-effective way for firms to engage in regulated activity without being authorised, allowing a broader range of providers to enter the marketplace. In doing so, it says that the AR regime promotes competition, supports innovation and contributes to economic growth.