FSA confirms training and competence regime changes
The Financial Services Authority (FSA) has published final rules to strengthen training and competence requirements for all individuals carrying out customer facing regulated retail activities.
The rules also clarify the regulator's expectations regarding standards of behaviour for all approved persons.
The proposals introduce a 30 month deadline, to be introduced from 1 January 2011, for individuals to complete all modules of a qualification required for their role.
The authority stated that qualifications meeting its regulatory requirements will now be listed in the FSA Handbook so that firms and individuals will have an easily accessible and comprehensive source of approved
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