Advisers must send FSA standards data by January

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Advice firms must send the Financial Services Authority (FSA) data on all of their advisers' professional standards by the 29 January 2013.

The FSA notified advisers it would be collecting the data in its policy statement on professionalism published last January.

It will include details of each adviser's qualifications and accredited body.
The first submission will be information on professional standards reached by the firm's advisers' up to 31 December 2012.

In an update on its website the FSA said advisers it will be accepting submissions from 7 January 2013, and the last date for submitting the first return is 29 January 2013.

After the first return, the FSA requires advisers to submit the return as at the end of each subsequent quarter, - within 20 days of the end of the quarter - unless there have been no changes to the information previously submitted.

For details on what to send and where to send it, click here.

 

 

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