Consultation Paper 157 heralds a huge change for the way advisers are trained and maintain their com...
Consultation Paper 157 heralds a huge change for the way advisers are trained and maintain their competency in core areas.
However, the paper itself admits that there is some time to go before the new regime is in place, not least due to the feedback that the FSA must now take account of before it lays down the law.
The paper "aims" to have new examinations in place by the end of 2004 - a two-year deadline that underlines the difficulties that may be faced in making the necessary changes.
|3rd quarter||2003||Consultation paper, including feedback to November 2002 CP|
|4th quarter||2003||Consultation closes|
|4th quarter?||2004||New examinations in place|
Avoids paperwork with two-step process
Investment process will use machines
Mark Sterling accused of operating a collective investment scheme without authorisation
'Increasing engagement will only favour those prepared to put in the effort'