Terence has over 35 years' experience in the Financial Services environment, covering general insurance, investments and mortgages.
The team at RWA is regularly asked for guidance on the exact wording required for an FCA authorisation statement. This common question is then typically followed by further enquiries regarding the inclusion of directors’ details, AR statements, Companies House details, etc.
Many of the answers to these questions can be found on the government website at https://www.gov.uk/running-a-limited-company/signs-stationery-and-promotional-material
Briefly, you must include your company’s name on all company documents, publicity and letters.
On business letters, order forms and websites, you must show:
Don’t forget to include any trading styles at the start if you use them.
For completeness, the FCA authorisation statements can be found in GEN 4 Annex 1 at: https://www.handbook.fca.org.uk/handbook/GEN/4/Annex1.html
Some examples are:
‘XXX Insurance Brokers Ltd is authorised and regulated by the Financial Conduct Authority’
‘XXX Insurance Brokers Ltd trading as ABC Insurance Services is authorised and regulated by the Financial Conduct Authority.’
For appointed representatives or introducer appointed representatives an example would be:
‘XXX Insurance Brokers Ltd (trading as ABC Insurance Services) is an appointed representative of YYY Insurance Brokers which is authorised and regulated by the Financial Conduct Authority.’
Please speak to your usual RWA contact if you have any questions.
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