UK FSA new rules for investment advisers
Thursday 20 January 2011 - by Andrew Hickley
The UK Financial Services Authority has confirmed that retail investment advisers must hold a Statement of Professional Standing to give independent or restricted advice from January 2013.
"Rebuilding trust between customer and adviser is absolutely vital for the future prosperity of the retail investment market," said the FSA's director of conduct policy, Sheila Nicoll.
"When advisers open for business in January 2013, a Statement of Professional Standing will be a vital indicator for customers that the person they are dealing with is subscribing to a code of ethics, has up-to-date knowledge, and is appropriately qualified."
|Login||Register||Most read||Most commented|
Will markets in 2012 have a tougher time than 2011?