Appointed Representative
We provide Appointed Representative services for investment advisers undertaking regulated activities in the UK, with oversight, compliance monitoring and reporting.
What we do
An Appointed Representative (AR) is a firm that can carry on regulated activities under the permissions of an FCA authorised principal. Relevant activities can include:
- Advising on investments
- Arranging deals in investments
- Making arrangements with a view to transactions in investments
We support firms that transact mainly in unlisted, infrequently traded assets and that work with professional clients. Our service provides an alternative to direct FCA authorisation, reducing time to market and the internal compliance burden. We apply proportionate oversight, monitoring and reporting so that firms can operate with confidence while focusing on commercial delivery.
This model is often used by:
- First-time advisers and fund sponsors
- Non-UK managers establishing a UK presence for fundraising or deal origination
- Spin-outs from larger regulated firms
How we help
Team members
How we start working with you
Ongoing Delivery (what we cover)
- Capital calls, distributions and transfers of interests
- Maintenance of LP registers and capital accounts
- Independent carry calculations aligned to the LPA
- Processing issues and redemptions where applicable
- Registered office and company secretarial services
- GP and governance meeting support
- Oversight aligned to fund terms and investment criteria
- Fund and SPV expense processing
- Tracking drawdowns and distributions
- NAVs, fees, accruals and full accounting records
- Financial statements preparation and audit coordination
- Asset and property level information coordination where relevant
- Statutory filings and ongoing AML compliance
- Compliance officer and MLRO support where relevant
- FATCA reporting and other jurisdictional requirements
- Provision of information for tax returns
- VAT returns and relevant local reporting, where applicable
Why Langham Hall
- Speed to market with a clear governance framework
- Experienced regulatory specialists stay close to delivery of services
- Proportionate oversight, monitoring and reporting aligned to your activities
- Ability to integrate AR with broader operational support where relevant
How we work
We scope the regulated activities, agree the oversight framework and reporting cadence, then provide ongoing monitoring and compliance support. Where a firm is building towards direct authorisation, we can support an orderly transition plan. Where managers are transitioning from another Principal, we coordinate closely with them and the FCA to ensure no break in coverage.
Talk to us
If you are considering undertaking UK regulated activity, we can discuss scope, timelines and whether an AR model is appropriate for your operating set-up.
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