Another regulator to worry about

The issues surrounding the new professionalism requirements

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Bovill's Sue Mallender and Ian Cornwall on the issues surrounding the new professionalism requirements.

Many financial advisers in retail investment have accepted the reality of the RDR’s new examination requirements, so the latest Consultation Paper (CP10/14) will have attracted little interest, apart from the provision of the final list of qualifications. Indeed, a review of the paper suggests there are no particularly radical proposals. However, a closer inspection of the detail in the proposals could have a significant effect on the way advisers must demonstrate their competence. This becomes particularly apparent with the new role of ‘accredited bodies’, which seems to add another reg...

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