The following Financial Services guidance note provides comprehensive and up to date legal information covering:
The Financial Conduct Authority (FCA) Training and Competence Sourcebook (TC) requires individuals to attain the appropriate qualifications if they are carrying out certain regulated activities for retail customers. Qualifications are available through qualification providers and some training companies. The content and level of these appropriate qualifications is prescribed through appropriate examination standards (AES).
The activities and products/sectors to which the TC Sourcebook applies are listed in TC App 1. For more information on the FCA’s TC regime, including the firms and activities to which it applies and what it requires, see Practice Note: FCA—training and competence.
A qualification offered by a provider must meet the AES. It may comprise the whole of a qualification provider’s qualification or part of it. It is for qualification providers to decide the examination strategy and structure they will use to meet the required AES. Whatever examination strategy is used, the arrangements for testing achievement against the AES should be clearly stated in both the examination design and the materials used to communicate the provider’s requirements to candidates and employers. Individuals and firms should contact qualification providers to learn about costs, exam sittings, exemptions
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