I refer to the recent article in Money Marketing regarding the fast-track system for assessing appointed representatives.
At First4Brokers, we have devised a system that allows brokers to register with the network so that an initial assessment can be carried out and responded to quickly.
In no way does it try to replace a formal assessment/ application that meets the full requirements of the FSA.
What we have attempted to do is help brokers who for a variety of reasons have left it late in the day in making a decision.
We believe that in this very volatile market and period of uncertainty, First4Brokers has positioned itself in helping brokers who want to trade after October 31.
We will not cut corners and brokers are advised that they will not be able to give advice until such times as their authorisation has met all requirements.
Imitation is the best form of flattery and it is noted that a number of networks have adopted a similar system to that of First4Brokers.
We intend to offer the best of service and ensure high standards of compliance in the same manner as fostered and promoted by Dale Knight at PMN.