The CISI has said firms did not help its efforts to try and make a duplicate of the FCA Register before advisers are taken off it under the regulator's senior management and certification regime proposals.
The Chartered Institute for Securities & Investments (CISI) said it and others were willing to try and make a channel to ensure the information remained publicly available to help employers do background checks on potential employees. However, the professional body said some firms "made it clear" they would only provide the necessary information under their regulatory requirements, which it said was not forthcoming. It added: "Since it takes a long time to set up such a database it is likely that a valuable source of information will disappear. Instead a new industry of CV checkers ha...
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