The Network, that has over1200 advisors using their support services inthe currentnon-regulated marketplace, received its MTA from the FSA back in July and has now received its grant of permission under part IV of the Financial Services and Markets Act 2000.
Jason Graham, Managing Director, commented
"It is extremely pleasing for bothour company andthose firms who have already applied to become our Appointed Representatives,that we now have our FSA number. The hard work we have put in overthe last 2 years to ensure that we were ready for regulation is now clearly paying dividends.
However, this is only the start of a long road and the work of ensuring we maintain our ongoing compliance with the FSA rules is only just begining. I just hope that those firms still considering AR status don't leave it to late in applying to their preferred Principalandanyone who hasnot yet done so would encourage to call our AR Helpline on 01926 620046 without delay"
