FCA confirms number of advisers will fall off register

In response to a freedom of information request submitted by Professional Adviser, the FCA confirmed all CF30 certified workers, which includes all financial advisers, will no longer be "approved" under its proposals. This means they will no longer appear on the FCA register of regulated firms and people unless they are pre-approved as a senior manager.  In its consultation published in July the FCA said: "We will not approve these people any more, as the objective of the certification regime is to reinforce that firms, rather than the regulator, are responsible for ensuring their staff ...