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Backdropped by the Houses of Parliament in central London, spectators wave British flags. (AP Photo/Lefteris Pitarakis)

(Bloomberg) – The Financial Conduct Authority will write to chief executives of U.K. insurers after it found “widespread” evidence that companies are failing to supervise external salespeople.

More than half of the companies in a 15-firm sample were unable to demonstrate they could manage the risks arising from the salespeople, who are also known as appointed representatives, the regulator said in an e-mailed statement. The FCA found examples of potential mis-selling by appointed representatives at a third of the companies included in the review.

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