The Chartered Institute for Securities & Investment (CISI) will apply to become an accredited body under the FSA's new professionalism regime.
Professional bodies and other entities were permitted to apply for accredited body status from yesterday, after the FSA published its policy statement on professionalism.
Accredited bodies will have an enhanced role, alongside the FSA, to supervise and enforce professional standards for individual advisers.
They will be responsible for issuing advisers with a Statement of Professional Standing (SPS), which must be held by all advisers.
Ruth Martin, CISI managing director, says: "There are many firms and advisers in the sector who have already worked hard to complete the qualifications part of the RDR journey; including thousands who invested in higher level qualifications even before the RDR was initiated.
"Thousands more have already been logging relevant CPD of 35 hours a year. Their achievement will now be built upon as we prepare to pilot Statements of Professional Standing during 2011 to ensure that all those who use the CISI's services can be at the forefront of the profession by the time the RDR is fully implemented at the end of 2012."
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