People in regulated positions of overseeing functions have a new exam standard to test their knowledge, the Financial Services Skills Council has announced.
The exam standards have been built on overseeing functions as defined in the FSA Training & Competency Sourcebook, and have been under discussion since October 2004.
Awarding bodies are now free to construct relevant exams meeting the new standards, which will be added to the FSSC’s Appropriate Exam List once approved.
The FSSC is now moving in the “third strand” of its exam review.
A first strand concerned the expertise and knowledge testing of retail financial advisers; the second looked at the back office environment; the third will be about advising on securities and/or derivatives, the Council states. Focus group meetings are planned through July to aid development of exam standards in this area, the Council adds.
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