1.7. Training and Competence.

Training and Competence Sourcebook. It sets out the...

the FCA’s requirements in connection to all staff

FCA Handbook and the PRA Rule Book deal with...?

with senior management arrangements.

Assessment. TC Sourcebook requires that firms do not deem an employee competent to carry on any of a specified range of activities until...

that employee has demonstrated the necessary competence to do so | and has passed each module of an appropriate examination.

The Requirements for Retail Firms:

Assessment, | Supervision, | Supervisors.

Supervision. The Sourcebook states that the FCA expects that the level and intensity of that supervision will be significantly greater in the period ...?

before a firm has assessed its employee as competent, than after.

Supervisors. the Sourcebook states that firms should consider whether it is appropriate to require...

to pass an appropriate examination,

TC Sourcebook states that firms must not allow their employees to undertake any of the following advising activities unless they have passed each module of an appropriate qualification:

Dealing, | Broker fund, | Lloyd’s, | Pension transfer.

TC Sourcebook. Under the TC Sourcebook, for which activity does the requirement to have passed each module of an appropriate qualification apply?

Advising retail clients on investments which are packaged products.

Exemptions from the TC Sourcebook exams. The conditions are that the firm must be satisfied that the employee has at least three years relevant experience, which...

which they gained while employed outside the UK

Activities to which the TC Rules Apply:

Designated investment business carried out for a retail client*. | Regulated mortgage activity. | Non-investment insurance business.

SPSs confirm that an adviser has Completed a Qualification and Credit Framework (QCF) Level __ qualification,

Level 4 qualification,

Under the Adviser Charging rules, individuals wishing to operate as a retail investment adviser must be in possession of a valid ___?

SPS | from an FCA-accredited body

SPSs confirm that an adviser has: Completed an annual programme of __ hours of continuing professional development (CPD)

35 hours

SPSs The qualification requirements apply to individuals carrying out one or more of the following regulated activities, advising on:

Derivatives, | Packaged products | Friendly society.

The SPS will contain: | the adviser’s name, | accredited body detals, | the end date of verification, | delclaration, | reference number, | and recommendation that...

that the reader should check that the adviser is on the FCA Register.