Qualifications list to cost £60,000 a year

In its Competence and Ethics consultation paper, the regulator say costs incurred by the FSA " mainly arise" from plans to publish and maintain a qualifications list. It estimates it will have to fork out an initial total cost of £110,000, followed by an ongoing annual cost of £60,000. "Costs have been incurred through the need to recruit some additional expertise to initially assist with the assessment of qualifications and additional resource to handle those enquiries redirected by the FSSC to ourselves," it says in the paper. The regulator adds it expects costs from all other pr...