Statutory status disclosure

FCA rules require firms to provide appropriate and adequate information about the identity of the firm’s regulator, i.e., the FCA. The requirements regarding
statutory status can be summarised as follows:

1. Authorised firms must take reasonable care to ensure that every letter (or electronic equivalent), which it or its employees send to a consumer with a view to or in connection with the firm carrying on a regulated activity, discloses that the firm is “Authorised and regulated by the Financial Conduct Authority”.
2. Appointed representatives are required to disclose that “[name of appointed representative] is an appointed representative of [Firm] which is authorised and regulated by the Financial Conduct Authority”.
3. You should not abbreviate the Financial Conduct Authority to FCA in this context.
4. You are likely to find it convenient to include the required disclosure on your firm’s letterhead.

A firm should not refer to its business having approval of the FCA, but rather it should either refer to being authorised or having permission to carry out an activity.

Statutory status disclosure is not required on business cards, compliment slips, text messages, account statements and other similar documents.