The Financial Services Skills Council (FSSC) is set to become a charity and change its name to the Financial Skills Partnership (FSP).
The changes, pending confirmation from Companies House, are expected to take place early next year.
Chief executive Liz Field says becoming a charity is a "natural move" for the organisation as so much of its work is charitable in nature.
The FSSC has a major role in setting exam standards in financial services and outlined the learning outcomes for QCF Level 4 exams for the RDR last year.
"As we implement our new strategy, it is important that we have a name that clearly reflects the organisation's values and commitment to working collaboratively with employers and stakeholders," Field says.
The organisation has already announced changes to its corporate structure, incluidng setting up sector panels in financial planning, banks and building societies, investment management and pensions, accountancy and finance and the insurance sectors.
It hopes to announce further changes before the end of the year.
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