The Institute of Financial Planning (IFP) and the Chartered Insurance Institute (CII) have been named among six organisations that will operate as accredited bodies under the FSA's new training and competence regime.
In a quarterly consultation paper today, the regulator says it also intends to confer accredited status on the the CFA Society of the UK, the Chartered Institute for Securities and Investment, the Chartered Institute of Bankers in Scotland and the Institute of Financial Services. Accredited bodies will form a key part of the regulator's new training and competence regime and will be responsible for issuing Statements of Professional Standing (SPS). The regulator adds it is "very unlikely" any of the accredited bodies are 100% ready now to perform their role in terms of having the nece...
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