The AR Annual Review is a vital tool for confirming that each AR continues to meet fitness and propriety, financial stability, and compliance standards. This review demonstrates that your oversight arrangements remain effective and that your ARs operate within the scope of their permissions.
While IARs are considered lower risk and do not require an annual review, the process is essential for standard ARs, providing a structured approach to assessing their activities and identifying any areas where support or corrective action may be needed.
Our AR Annual Review template, available for download from our website, guides you through all the key considerations. It ensures that reviews are consistent, well-documented, and aligned with FCA expectations, helping you to maintain clear evidence of governance and risk management.
By making the AR Annual Review a regular part of your compliance calendar, your firm can proactively address risks, provide assurance to senior management, and strengthen confidence that your ARs are delivering good outcomes for customers in line with the Consumer Duty.
