FSA proposes firms report on adviser ethics

In its quarterly consultation paper, launched today, the FSA proposes draft rules for the Training and Competence module (TC) of the FSA Handbook forcing firms to notify it about concerns with adviser behaviour. It follows a discussion on professional notifications in its June consultation paper (CP10/14), which described two potential new data reporting requirements relating to advisers in the scope of the RDR. In today's paper, the FSA says it will maintain its proposals to collect professional standards data on advisers, including qualifications held and accredited body used, and t...