TC App 4.1 Appropriate Qualification tables

2

Giving personal recommendations26 on securities which are not stakeholder pension schemes, personal pension schemes or broker funds

24

24

3

Giving personal recommendations26 on derivatives

4 and 6

(4) Giving personal recommendations26 on retail investment products which are not broker funds and (6) giving personal recommendations26 on friendly societytax-exempt policies (other than Holloway sickness policies26 where the Holloway policy special application conditions26 are met)

24

24

12

Giving personal recommendations26 on and dealing in securities which are not stakeholder pension schemes, personal pension schemes or broker funds

13

Giving personal recommendations26 on and dealing in derivatives

7

Giving personal recommendations26 on long-term care insurance contracts

24

24

8

Giving personal recommendations26 on investments in the course of corporate finance business

9

Advising on syndicate participation at Lloyd's

11

Undertaking the activity of a pension transfer specialist (see also TC 2.1.5KR)2730

14 and 10

Managing investments and/or undertaking the activity of a broker fund adviser

20

Advising on a regulated mortgage contract for a non-business purpose; or

Arranging (bringing about) an execution-only sale of a regulated mortgage contract for a non-business purpose, excluding variations to an existing regulated mortgage contract, except where the effect is to change all or part of the regulated mortgage contract from one interest rate to another14

24

24

21

Advising on equity release transactions; or

Arranging (bringing about) an execution-only sale of an equity release transaction, excluding variations to an existing equity release transaction, except where the effect is to change all or part of the equity release transaction from one interest rate to another14

1421A

Designing scripted questions for an execution-only sale of a regulated mortgage contract for a non-business purpose

22

Designing scripted questions for an execution-only sale of an 14equity release transaction

24

24

15

Overseeing on a day to day basis operating a collective investment scheme or undertaking activities of a trustee or depositary of a collective investment scheme.

16

Overseeing on a day to day basis safeguarding and administering investments or holding client money.

17

Overseeing on a day to day basis administrative functions in relation to managing investments:

(i) arranging settlement;

(ii) monitoring and processing corporate actions;

(iii) client account administration, liaison and reporting including valuation and performance measurement;

(iv) ISA or CTF administration;

(v) investment trust savings scheme administration.

18

Overseeing on a day to day basis administrative functions in relation to effecting or carrying out contracts of insurance which are life policies:

(i) new business administration;

(ii) policy alterations including surrenders and policy loans;

(iii) preparing projections;

(iv) processing claims, including pension payments;

(v) fund switching.

19

Overseeing on a day to day basis administrative functions in relation to the operation of stakeholder pension schemes:

(i) new business administration;

(ii) receipt of or alteration to contributions;

(iii) preparing projections and annual statements;

(iv) administration of transfers;

(v) handling claims, including pension payments;

(vi) fund allocation and switching.

23

Overseeing non-advised sales on a day to day basis of equity release transactions.

ACI The Financial Markets Association

ACI Diploma (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation)

2, 3, 12, 13

a

ACI Dealing Certificate when combined with Chartered Institute of Securities and Investment (CISI) Introduction to Securities and Investments and one of the Regulatory units of the Investment Operations Certificate (IOC)

15, 17

4

ACI Operations Certificate when combined with Chartered Institute of Securities and Investment (CISI) Introduction to Securities and Investments and one of the Regulatory units of the Investment Operations Certificate (IOC)

34ACI FX Global Code Exams

10 and 14

4

15, 16, 17, 18, 19

4

Association of Accounting Technicians

Member

15, 16, 17, 18, 19

4

Association of Certified International Investment Analysts (ACIIA)

CIIA qualification (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation)

2, 3, 12, 13

a

Certified International Investment Analyst (CIIA)

14 and 10

2

Association of Chartered Certified Accountants

Member or Affiliate

8

1

Fellow or Associate

15, 16, 17, 18, 19

4

Association of Corporate Treasurers

MCT Advanced Diploma (Member or Fellow) or AMCT Diploma in Treasury (Associate Member)16

15, 16, 17, 18, 19

4

Association of International Wealth Management (AIWM)

Certified International Wealth Manager Diploma (CIWM)

2, 3, 12, 13

a

14 and 10

1

34Bayes Business School (Formerly CASS Business School)

MSC in Banking and International Finance (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation)

2, 3, 12, 13

a

34

Calibrand / Scottish Qualifications Authority

34

4 and 6

a

Diploma in Professional Financial Advice (NMBA - Alternative Assessment method)

15Canadian Securities Institute

Canadian Securities Course (CSC) and Conduct and Practices Handbook Course (CPH) - must include a pass in both modules (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) - both courses must be completed

2, 12

b

Canadian Securities Course (CSC), Conduct and Practices Handbook (CPH), the Futures Licensing Course (FLC), the Derivatives Fundamentals Course (DCF) and the Options Licensing Course (OLC) - must include a pass in all modules (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) - all courses must be completed

3, 13

b

Canadian Securities Course (CSC), Conduct and Practices Handbook (CPH), the Futures Licensing Course (FLC) and the Derivatives Fundamentals and Options Licensing Course (DFOL) - must include a pass in all modules (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) - all courses must be completed

34

16CFA Institute

The CFA Institute Investment Foundations Certificate - (Formerly the 25Claritas Investment Certificate)25

15, 16, 17,18, 19

4

CFA Institute and the CFA Society of the UK

Level 1 of CFA Program plus Investment Management Certificate (Level 4)12

2, 3, 12, 13

a

Completion of CFA Program plus Investment Management Certificate Unit 1: The investment environment (Level 4)12

Holder of Associate qualification (associate member)12

2, 3, 12, 13

b

Level 1 of CFA Program plus Investment Management Certificate (Level 3)12

Completion of CFA Program plus Investment Management Certificate Unit 1: UK Regulation and Markets (level 3)12

Holder of Associate qualification (Fellow)12

CFA Program (Level 1)

14 and 10

2

Fellow or Associate by examination

8

1

14 and 10

15, 16, 17, 18, 19

4

Investment Management Asset Allocation Qualification13

14 and 10

2

Investment Regulation and Practice Paper of the Associate Examination

15, 16, 17

5

CFA Society of UK (Formerly the UK Society of Investment Professionals/ Institute of Investment Management and Research (IIMR))

Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on securities

2, 12

a

Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on packaged products

4 and 6

Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on derivatives

3, 13

Investment Management Certificate (Level 3 or 4)12

8

1

15, 16, 17, 18, 19

4

15, 16, 17

5

14 and 10

1

Investment Practice Paper (Unit 2) of Investment Management Certificate (Level 3 or 4)12

14 and 10

2

8

2

Investment Management Certificate Unit 1: UK Regulation and Markets (Level 3) or Investment Management Certificate Unit 1: The Investment Environment (Level 4)12

8

3

15, 16, 17, 19

5

18

6

14 and 10

3

Chartered Alternative Investment Analysis Association (CAIA)

CAIA Level 1 (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation)

2, 12

b

22

22

22

22

Chartered Banker Institute (Formerly the28 Chartered Institute of Bankers in Scotland)28

34

Certificate in Investment Planning

17

4

34

Diploma in Professional Financial Advice (Post 28/02/2022)32

4 and 6

a

Chartered Institute of Management Accountants

Fellow or Associate

15, 16, 17, 18, 19

4

Chartered Institute of Public Finance and Accountancy

Fellow or Associate

15, 16, 17, 18, 19

4

Chartered Institute for Securities and Investment (CISI) - (Formerly the Securities and Investment Institute (SII); formerly The Securities Association)

25Certificate in Pension Transfers and Planning Advice (when combined with an RDR compliant qualification for Activities 4 and 6)

2511

251

Investment Advice Diploma (where candidate holds 3 modules including the private client advice module)

4 and 6

a

22Investment Advice Diploma (where candidate holds 3 modules including the Financial Planning and Advice module)

224 and 6

29Investment Advice Diploma (where candidate holds 3 modules including Retail Advice and Planning)

4 and 6

Investment Advice Diploma (where candidate holds 3 modules including the derivatives module)

3, 13

Certificate in International Advanced Wealth Management (Level 4) (provided it is accompanied by appropriate examinations in Regulation and Ethics, Investment Principles and Risk and Personal Taxation)31

2, 1231

Investment Advice Diploma (where candidate holds 3 modules including the securities module)

2, 12

CISI Level 7 Diploma in Wealth Management (also known as the Chartered Wealth Manager Qualification) (Formerly known as Masters in Wealth Management (Post 2010 examination standards))34

2, 3, 4 and 6, 12, 13

Certificate in Private Client Investment Advice and Management

2, 3, 4 and 6, 12, 13

b

14 and 10

1

Certificate in Private Client Investment Advice and Management (attained through a CISI competency interview and presentation only)

2, 3, 4 and 6, 12, 13

b

14 and 10

1

34

Member of the Securities Institute (MSI Dip) (where candidate holds 3 modules as recommended by the firm)

2, 3, 4 and 6, 12, 13

b

34

Certificate in Corporate Finance (Post 31/03/2024)34

8

1

34

Certificate in Investment and Financial Advice - Paper 1

21, 22

3

34

13Certificate in Investment Management (Level 4)

14 and 10

1

34

Certificate in Securities and Financial Derivatives

8

1

Certificate in Securities and Financial Derivatives - Paper 2

15, 16, 17, 18

4

Client Services Qualification

15, 16, 17, 18, 19

4

34

Diploma - Corporate Finance Paper

8

2

34

34Global Operations Management Module (Post 31/03/2024)

16

6

Diploma - International Operations Management Module

15

4

15, 16

5

6

17

4

5

6

Diploma - International Operations Module

16, 18, 19

4

Diploma - Operations Management Module

15, 16, 17, 18, 19

4

15, 17

5

15, 16, 17

6

Diploma - Regulation and Compliance Module

8

3

14 and 10

15, 16, 17, 18, 19

5

34

12Diploma in Corporate Finance (joint programme34 with The Institute of Chartered Accountants in England and Wales)15

8

1

Investment Administration Qualification - Asset Servicing Module

15, 16, 17

6

Investment Administration Qualification - Basics of CREST Module

15, 16, 17

6

Investment Administration Qualification - Bond Settlement Module

15, 16, 17

6

Investment Administration Qualification - Collective Investment Schemes Administration Module

15, 16, 17

6

Investment Administration Qualification - CREST Settlement Module

15, 16, 17

6

Investment Administration Qualification - Derivatives Operations Module

15, 16, 17

6

Investment Administration Qualification - Exchange - Traded Derivative Administration Module

15, 16, 17

6

Investment Administration Qualification - FSA Regulatory Environment Module

15, 16, 17

5

Investment Administration Qualification - Global Custody Module

15, 16, 17

6

Investment Administration Qualification - Global Securities Operations Module

16, 17

6

Investment Administration Qualification - Global Settlement Module

15, 16, 17

6

Investment Administration Qualification - IMRO Regulatory Environment Module

8

3

14 and 10

15, 16, 17, 18, 19

5

Investment Administration Qualification - Introduction to Securities and Investment Module

15, 16, 17, 18, 19

4

Investment Administration Qualification - ISA Administration Module

15, 16, 17

6

Investment Administration Qualification - ISA and CTF Administration Module

15, 16,16 17

6

Investment Administration Qualification - ISA and PEP Administration Module

15, 16, 17

6

Investment Administration Qualification - Life Policy Administration Module

18

6

Investment Administration Qualification - OEIC Administration Module

15, 16, 17

6

Investment Administration Qualification - Operational Risk Module

15, 16, 17

6

Investment Administration Qualification - OTC Derivatives Administration Module

15, 16

6

Investment Administration Qualification - Pensions Administration Module

19

6

Investment Administration Qualification - PEP Administration Module

15, 16, 17

6

Investment Administration Qualification - Portfolio Performance Measurement Module

15, 16

6

Investment Administration Qualification - Private Client Administration Module

15, 16, 17

6

Investment Administration Qualification - SFA Regulatory Environment Module

8

3

14 and 10

15, 16, 17, 18

5

Investment Administration Qualification - Unit 2 FSA Regulatory Environment - (Formerly the Investment Administration Qualification - Regulatory Environment Module)

8

3

14 and 10

18, 19

5

Investment Administration Qualification - Unit Trust Administration Module

15, 16, 17

6

34

Investment Advice Diploma (where candidates hold technical modules as recommended by the firm)

14 and 10

1

34

34Investment Operations Certificate - Asset Servicing Module (Post 31/03/2024)

16

6

Investment Operations Certificate – Client Money and Assets20

1620

620

34

34Investment Operations Certificate - Collective Investment Schemes Administration Module (Post 31/03/2024)

15

6

Investment Operations Certificate - CREST Settlement Module

15, 16, 17

6

Investment Operations Certificate - Exchange - Traded Derivative Administration Module

15, 16, 17

6

Investment Operations Certificate - UK13 Financial Regulation Module

8

3

14 and 10

15, 16, 17, 18, 19

5

34

Investment Operations Certificate - Introduction to Securities and Investment Module

15, 16, 17, 18, 19

4

Investment Operations Certificate - ISA Administration Module

15, 16, 17

6

34

Investment Operations Certificate - OTC Derivatives Administration Module

15, 16

6

34

34Investment Operations Certificate - Platforms, Wealth Management and Service Providers (Post 31/03/2024)

16

6

Investment Operations Certificate - Administration of Settlement & Investments Module (previously known as the Private Client Administration Module)12

15, 16, 17

6

Investment Operations Certificate - Transfer Agency Administration & Oversight Module31

15, 16, 1731

631

34

Level 3 Certificate in Investments (Investment Management)

14 and 10

1

15, 16, 17, 18, 19

4

15, 16, 17

5

Level 3 Certificate in Investments (Investment Management) - Unit 5

8

2

14 and 10

Level 3 Certificate in Investments (Securities and Financial Derivatives)

8

1

15, 16, 17, 18, 19

4

34

Level 6 Diploma in Wealth Management

14 and 10

1

CISI Level 7 Diploma in Wealth Management (also known as the Chartered Wealth Manager Qualification) (formerly known as Masters in Wealth Management)34

14 and 10

1

Member of the Securities Institute by examination

15, 17, 19

4

Principles of UK13 Financial Regulation

8

3

18, 19

5

SFA Corporate Finance Representative Examination

8

1

15, 16, 17, 18, 19

4

SFA Futures and Options Representative Examination

15, 16, 17, 18, 19

4

15, 16, 17

5

SFA Registered Persons Examination - Section 1 (Regulation)

8

3

14 and 10

15, 16, 17, 18, 19

5

SFA Securities and Financial Derivatives Representative Examination

8

1

15, 16, 17, 18, 19

4

15, 16, 17

5

SFA Securities Representative Examination

8

1

15, 16, 17, 18, 19

4

16, 17

5

TSA Registered Representative Examinations

8

1

15, 16, 17, 18, 19

4

15, 16

5

Unit 1 - Financial Regulation

14 and 10

3

Unit 1 Financial Regulation (Formerly the Securities Institute Regulatory Paper)

8

3

15, 16, 17, 18, 19

5

Unit 6 - Principles of UK13 Financial Regulation

14 and 10

3

15, 16, 17

5

Chartered Insurance Institute

Certificate in Advanced Mortgage Advice

20

116

Certificate in Pension Transfer Advice23 (meets requirement until 30 September 2021) (Post 30/09/2021 meets requirement when combined with an RDR compliant qualification for Activities 4 and 6)34

1123

123

Certificate in Securities Advice and Dealing (also known as Diploma in Regulated Financial Planning plus Unit J12)34

2, 12

a

CII Level 6 Award in Regulated Pension Transfer Advice / Unit AF7 (only when combined with an RDR compliant qualification for Activities 4 and 6) 29

11

1

Diploma in Financial Planning (together with the appropriate gap fill offered at the time pre 31/08/2021) plus the Award in Long Term Care Insurance (Unit CF8)34

7

116

Diploma in Financial Planning (together with the appropriate gap fill offered at the time pre 01/09/2021) plus AF7 Pension Transfers34

1123

123

Diploma in Regulated Financial Planning

4 and 6

a

34

Diploma in Regulated Financial Planning plus the Award in Long Term Care Insurance (Unit CF8)34

7

116

34

12Diploma in Financial Planning plus a pass in J12: Securities advice and dealing

2, 1213

a13

34

G80 paper of Advanced Financial Planning Certificate (October 2004 sitting only) together with the Award in Long Term Care Insurance (Unit CF8) (formerly the appropriate exam requirements for TC 2.1.4R(1)(f))34

34

Award in London Market Insurance

9

1

Until 30 September 202134,29 Fellow or Associate including three pensions-related subjects as confirmed by the examining body. From 1 October 202134, only when combined with an RDR compliant qualification for Activities 4 and 6.29

11

1

Until 30 September 202134,29 G60 paper of Advanced Financial Planning Certificate. From 1 October 202134, only when combined with an RDR compliant qualification for Activities 4 and 6.29

Until 30 September 202134,29 Unit AF3 of the Advanced Diploma in Financial Planning. From 1 October 202134, only when combined with an RDR compliant qualification for Activities 4 and 6.29

34

34

18

6

FA1 - Life office administration unit34

34

Certificate in Mortgage Advice

20

1

34

34Certificate in Equity Release (Post 01/05/2007)

21, 22, 23

1

25

34

14 and 10

1

Certificate in Discretionary Investment Management

34

CF1 - UK financial services, regulation and ethics

10, 14,20 15, 16, 17, 1318, 19

3,20 4

10, 14,20 15, 16, 17, 1318, 19

3,20 513

13RO1 Paper: Regulation and Ethics

10, 14,20 15, 16, 17, 18, 19

3,20 4

10, 14,20 15, 16, 17, 18, 19

3,20 5

FA2 - Pensions administration unit34

18, 19

613

34

22(LP1) Life and pensions customer operations; (LP2) Financial services products and solutions; and (LP3) Life and pensions principles and practices (where candidate holds all 3 modules)

2215, 16, 17, 18, 19

224 and 5

34

13Certificate in Investment Operations: Individual Savings Account Administration paper (FA5)

151516, 17

6

34

Certificate in Mortgage Advice - Paper 1

20, 21

3

34

13Deutsche Boerse AG

Certified Securities Trader (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation)

2, 12

b

13Deutsche Boerse AG

Certified Derivatives Trader (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation)

2, 12

b

3, 13

a

EFFAS Societies with accredited examinations

Certified European Financial Analyst

14 and 10

2

Faculty or Institute of Actuaries

Fellow or Associate or where the individual has passed all of the following modules CT1, CT2, CT4, CT5, CT6, CT7 and CT8

2, 3, 4 and 6, 12, 13

a

14 and 10

1

34

Associate - achieved by examination passed after 1 December 2001 (must include a pass in subject 301 - Investment and Asset Management (syllabus in force from 1998)

14 and 10

2

Fellow - achieved by examination (must include a pass in subjects 301 and 401 Investment and Asset Management (syllabus in force from 1998))

14 and 10

1

Fellow or Associate

11

1

16, 17, 18, 19

4

18, 1912

6

34

Fellow or where the individual has passed all of the following modules CA1 and SA2

18

4

Financial Industry Regulatory Authority (FINRA) - Formerly the National Association of Securities Dealers (NASD)

Series 7 - General Securities Representatives Examination (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation)

2, 3, 12, 13

b

34

ICMA Centre/ University of Reading (Formerly ISMA Centre/ University of Reading)

Diploma in Capital Markets, Regulation and Compliance

17

5

34

Institute of Chartered Accountants in England and Wales

Fellow or Associate

8

1

15, 16, 17, 18, 19

4

Initial Test of Competence

18, 19

6

Diploma in Corporate Finance (awarded jointly with The Institute of Chartered Accountants in England and Wales)15

815

215

Institute of Chartered Accountants in Ireland

Fellow or Associate

8

1

15, 16, 17, 18, 19

4

Initial Test of Competence

19

6

Institute of Chartered Accountants in Scotland

Member

8

1

15, 16, 17, 18, 19

4

Initial Test of Competence

19

6

Institute of Chartered Secretaries and Administrators

Certificate in Collective Investment Scheme Administration

15, 16, 17, 18

4

5

15, 16

6

19

4

Certificate in Company Secretarial Practice and Share Registration Practice (including the Regulatory module within the examination)

15, 16. 17

4

5

6

Fellow or Associate

15, 16, 17, 18, 19

4

34

Insurance Sector Education and Training Authority

National Diploma: Financial Services Long-Term Risk Assessment

7

2

34International Capital Markets Association (ICMA)

Operations Certificate Programme (OCP)

16, 17

6

34

Investment Property Forum

IPF Certificate in Property Investment

14 and 10

2

Japanese Bankers Association

34

8

2

Representative of Public Securities Qualification - Class 1

Japan34 Securities Dealers Association

34Class -1 Sales Representative Qualification (formerly known as the Representative of Public Securities Qualification - Type 1)

8

2

Representative of Public Securities Qualification - Type 1 (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation

2, 3, 12, 13

b

34

8

2

Representative of Public Securities Qualification - Type 1

Law Society of England and Wales

Module B(ii), Securities and Portfolio Management

8

2

Module B(i), Retail Branded/ Packaged Products

18, 19

6

Law Society of England and Wales/ Law Society of Northern Ireland

Solicitor

15

4

Law Society of England and Wales/ Law Society of Scotland/ Law Society of Northern Ireland

Solicitor

17, 18, 19

4

34

Lloyd's/ Chartered Insurance Institute

Lloyd's Market Certificate

9

1

London Stock Exchange (records are now kept by The Chartered Institute for Securities and Investment (CISI); Formerly the Securities and Investment Institute (SII); formerly The Securities Association)

London Stock Exchange Full Membership Exams (and other regional stock exchanges as merged with London Stock Exchange) - where candidate holds three or four papers or holds both the Stock Exchange Practice and Techniques of Investment papers

2, 3, 4 and 6, 12, 13

b

14 and 10

1

Stock Exchange Registered Representative Examination

8

1

15, 16, 17, 18, 19

4

15, 16

5

Manchester Metropolitan University

BA (Hons) Financial Services, Planning and Management

2, 3, 4 and 6, 12, 13

a

N/A

In-house module (only where the firm can demonstrate that none of the listed examinations are appropriate)

15, 16, 17, 18, 19

6

NIBE SVV the Dutch Institute for the Banking, Insurance and Stockbroking Industry

Examination

8

2

Pensions Management Institute

Diploma in Regulated Retirement Advice

4 and 6

a

11

1

Fellow or Associate by examination

11

1

Module 201: Providing for Retirement

19

4

512

612

Fellow or Associate

15, 16, 17, 18, 19

4

Diploma in Member-Directed Pension Scheme Administration

18

6

Fellow or Associate by examination

18, 19

6

34

15SIX Swiss Exchange

Certified Securities Trader the Swiss Markets Insight course (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation)

2, 12

b

Society of Investment Analysts in Ireland

Certificate in Investment Management (at least 3 papers passed by examination)

14 and 10

2

South African Institute of Financial Markets

Ordinary and Senior Certificates

8, 14 and 10

2

Swiss Finance Institute

Dual degree Executive MBA in Asset and Wealth Management

14 and 10

2

22The Institute of Banking in Ireland34

22Fellow or Associate

2215, 16, 17, 18, 19

224

22Professional Certificate in International Investment Fund Services

2215, 16, 17

226

The London Institute of Banking & Finance Limited

(From 1 April 2023)

Until 31 March 2023, the qualifications were provided by 33The London Institute of Banking & Finance (formerly the ifs University College and the ifs School of Finance/Chartered Institute of Bankers)23

Diploma for Financial Advisers (post 2010 examination standards)

4 and 6

a

Professional Certificate in Banking (PCertB) (where candidate has passed the Practice of Financial Advice module)

Level 6 Diploma in Financial Advice (Adv Dipfa)

4 and 6

a16

Associateship - (must include a pass in the Investment / Investment Management Paper)

2, 3, 4 and 6, 12, 13

b

34

4 and 6

b

Professional Investment Certificate

Certificate for Financial Advisers and Certificate in Long-term Care Insurance

7

1

29Level 4 Certificate in Long Term Care and Later Life Planning (CertLTCP)

7

1

Pension Transfers when combined with either a29 Diploma for Financial Advisers (DipFA®) post 2010 exam standards or an RDR compliant qualification for Activities 4 and 629

11

116

Pensions paper of Professional Investment Certificate

11

1

Certificate for Financial Advisers - Paper 1

15

5

Fellow or Associate

15, 16, 17, 18, 19

4

34

Certificate for Financial Advisers - Paper 1 (Post 01/11/2004)

18, 19

4

5

34

CeMAP Bridge paper plus entry requirements

20

1

Certificate in Mortgage Advice and Practice (Post 01/11/2004)

20

1

Diploma for Mortgage Advice and Practice DipMAP (plus entry requirements)

20

1

34

Certificate in Mortgage Advice and Practice (Post 01/11/2004) - Paper 1

20, 21

3

34

Certificate in Regulated Equity Release (Formerly known as Certificate in Lifetime Mortgages)

21, 22

1

23

4

23

5

23

6

The Securities Analysts Association of Japan (SAAJ)

34

2, 3, 12, 13

b

CMA Level 2 (for individuals not advising before 30 June 2009 - provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation)

CMA Level 2

8

2

Secondary Examination

Chartered Member

14 and 10

2

University of Northampton

BSc Banking and Financial Planning

4, 6

a16

19University of South Wales

BSc (Hons) Financial Planning, Investment and Risk

4 and 6

a

University of Stirling

BA in Finance

2, 4 and 6, 12

b

BA in Finance and Accounting

2, 3, 4 and 6, 12, 13

b

MSc in Finance

2, 3, 12, 13

b

MSc in international Accounting and Finance (where candidates hold modules as recommended by the firm)

2, 3, 12, 13

b

8

2

14 and 10

1

MSc in Investment Analysis

2, 3, 12, 13

b

14 and 10

1

34

Bayes Business School (Formerly CASS Business School)34

12MSC in Investment Management pre 2003 syllabus (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation)

2, 3, 12, 13

b16

Blackburn College - University Centre

Foundation Degree Award in Financial Services (syllabus in force until 31 October 2017)

4 and 6

a

Bournemouth University

BA in Financial Services (1995 to 2001)

4 and 6

b

MA in Financial Services (1995 to 2001)

Post Graduate in Financial Services (1995 to 2001)

18Calibrand / Chartered Banker Institute (Formerly the28 Chartered Institute of Bankers in Scotland)28

Diploma in Professional Financial Advice (Post 30/4/2014) and Pre 01/03/2022)

4 and 6

a11

Calibrand / Scottish Qualifications Authority

Diploma in Professional Financial Advice (Pre 1/8/2018)18

4 and 6

a

Chartered Banker Institute (Formerly the28 Chartered Institute of Bankers in Scotland)28

Associate (March 1992 to July 1994 syllabus (including top-up test))

4 and 6

b

Associate (post August 1994 syllabus) (Pre February 2001)

4 and 6

b

Associateship - (must include a pass in the Investment Paper) (Pre March 2012)

2, 3, 12, 13

b

Certificate in Investment Planning (Pre 17/09/2004)

4 and 6

b

Certificate in Investment Planning - Paper 1 (Pre 16/09/2004)

20, 21, 22

3

Certificate in Investment Planning - Paper 1 (Pre February 2010)34

15, 16, 18, 19

4

15, 16, 17, 18, 19

5

Certificate in Mortgage Advice and Practice (MAPC) (Pre 16/09/2004)

20, 21, 22

1

Certificate in Mortgage Advice and Practice (MAPC) (Pre 16/09/2004) - Paper 1

21, 22

3

Chartered Banker (where candidates hold UK Financial Services and Investment modules) (Pre March 2012)34

4 and 6

b

Diploma in Investment Planning (Existing Adviser) (18Post 2010 examination standards and Pre 1/6/2015)18

4 and 6

a

Diploma in Investment Planning (New Adviser) (18Post 2010 examination standards and Pre 1/6/2015)18

4 and 6

a

Diploma in Investment Planning (Pre 1/6/2015)34

4 and 6

b

Diploma in Investment Planning (Retail Banking) (New Adviser) (18Post 2010 examination standards and Pre 1/6/2015)18

4 and 6

a

Diploma in Investment Planning (Retail Banking) (Existing Adviser) (18Post 2010 examination standards and Pre 1/6/2015)18

4 and 6

a

Diploma in investment planning (work based assessment) (Pre 1/6/2015)18

4 and 6

a

Equity Release Mortgage Advice and Practice Certificate (ERMAPC) (Pre August 2012)34

21, 22

1

Equity Release Mortgage Advice and Practice Certificate (ERMAPC) (Pre August 2012)34

23

4

23

5

23

6

Lifetime Mortgage Advice and Practice Certificate (Pre January 2013)34

21, 22

1

MAPC bridge paper plus entry requirements (Pre 31/10/2004)

20

1

MAPC Bridge paper plus entry requirements (Pre 16/09/2004)

21, 22

1

MAPC - Paper 1 (Pre 16/09/2004)

20

3

Member or Associate (Pre February 2010)34

15, 16, 17, 18, 19

4

Mortgage Advice and Practice Certificate (closed to new entrants in 2018)34

20

1

Mortgage Advice and Practice Certificate - Paper 1 (Post 17/09/2004) (closed to new entrants in 2018)34

20, 21

3

Chartered Institute for Securities and Investment (CISI) - (Formerly the Securities and Investment Institute (SII); formerly The Securities Association)

Certificate in Corporate Finance (Pre 01/04/2024)34

8

1

15, 16, 17, 18, 19

4

Certificate in Derivatives - Paper 2 (Pre 01/04/2024)34

15, 16, 17, 18, 19

4

Certificate in Investment Management (Level 3, Pre 31/12/2013)13

8

1

15, 16, 17, 19

4

15, 16, 17

5

14 and 10

113

Certificate in Investment Management - Paper 2 (Pre 01/04/2024)34

8

2

14 and 10

Certificate in Securities - Paper 2 (Pre 01/04/2024)34

15, 16, 17, 18, 19

4

Certificate in Securities (Pre 01/04/2024)34

8

1

Certificate in Securities and Derivatives - Paper 2 (Pre 01/04/2024)34

19

4

Diploma (Pre 01/01/2017)34

15, 16, 17, 18, 19

4

Diploma - Global Operations Management Module (Pre 01/04/2024)34

15, 16, 17, 18, 19

4

15, 16, 17

5

6

Diploma (must include a pass in Regulation and Compliance Paper) (Pre 01/01/2017)34

8

1

Diploma (where candidate holds 3 modules as recommended by the firm) (Pre 01/01/2017)34

14 and 10

1

Diploma (where candidate holds 3 modules as recommended by the firm) (Pre 01/01/2017)34

2, 3, 4 and 6, 12 13

b

Investment Advice Certificate (Pre 17/07/2006)34

2, 3, 4 and 6, 12, 13

b

Investment Advice Certificate (Pre 17/07/2006)34

14 and 10

1

Investment Advice Certificate Paper 1 (Pre 17/07/2006)34

15, 16, 17, 18, 19

4

5

Investment Advice Certificate - Paper 1 (closed to new entrants) 34

20, 21, 22

3

Investment Advice Certificate - Paper 2 (Pre 17/07/2006)34

18, 19

6

Investment Operations Certificate - Asset Servicing Module (Pre 01/04/2024)34

15, 16, 17

6

Investment Operations Certificate - Collective Investment Schemes Administration Module (Pre 01/04/2024)34

15, 16, 17

6

Investment Operations Certificate - Global Securities Operations Module (Pre 01/04/2024)34

17

6

Investment Operations Certificate - Global Securities Operations Module (Pre 01/04/2024)34

16

6

Investment Operations Certificate - Operational Risk Module (Pre 01/04/2024)34

15, 16, 17

6

18Investment Operations Certificate - Platforms, Wealth Management and Service Providers (Pre 01/04/2024)34

15, 16

6

Level 3 Certificate in Investments (Derivatives) - Unit 3 (Pre 01/04/2024)

15, 16, 17, 18, 19

4

Level 3 Certificate in Investments (Securities) (Pre 01/04/2024)34

8

1

Level 3 Certificate in Investments (Securities) - Unit 2 (Pre 01/04/2024)34

15, 16, 17, 18, 19

4

Masters in Wealth Management (Pre 2010 examination standards)

2, 3, 4 and 6, 12, 13

b

Chartered Insurance Institute

Advanced Diploma in Financial Planning (CII gap fill available pre 01/09/2021)34

4 and 6

b

Advanced Financial Planning Certificate (must include a pass in G70 paper) (Pre 01/01/2007)34

14 and 10

1

Advanced Financial Planning Certificate (Pre 01/01/2007)34

2, 3, 4 and 6, 12, 13

b

Associate (ACII) (where candidate holds appropriate life and pension modules) (CII gap fill available pre 01/09/2021)34

4 and 6

b

Associate (ALIA Dip) (Pre 01/01/2005: CII gap fill available pre 01/09/2021)

4 and 6

b

Certificate in Equity Release (Formerly known as Certificate in Financial Planning and Lifetime Mortgages) (Pre 01/09/2007)34

21, 2225

1

2325

425

525

625

Certificate in Financial Planning (offered until 01/09/2015) together with the Award in Long Term Care Insurance (Unit CF8)34

7

1

13Certificate in Investment Operations: Collective Investment Scheme Administration paper (FA4) (Pre 01/09/2019)34

15, 16, 17

6

13Certificate in Investment Operations: Investment Client Servicing paper (FA6) (Pre 01/09/2019)34

15, 16, 17

6

Certificate of Insurance Practice (life or pensions route) (Pre 01/01/2004)34

18

6

Certificate of Insurance Practice (Pensions route) (Pre 01/01/1998)34

19

6

Certificate of Insurance Practice (Pre 01/01/2004)34

18

4

Diploma in Financial Planning (CII gap fill available pre 01/09/2021)34

4 and 6

b

Diploma in Regulated Financial Planning (attained through a CII alternative assessment day) (Pre 29/01/2011)34

4 and 6

a

Fellow (FCII) (where candidates hold appropriate life and pensions modules) (CII gap fill available pre 01/09/2021)34

4 and 6

b

Fellow (FLIA Dip) (Pre 01/01/2005)34

4 and 6

b

Fellow or Associate (life and pensions route only) (Pre 01/01/1992)34

2, 3, 12, 13

b

Fellow or Associate (life and pensions route only) (Pre 01/01/1992)34

18

6

Fellow or Associate (Pensions route) (Pre 01/01/1992)34

19

6

Fellow or Associate (Pre 01/01/2007)34

15, 16, 17, 18, 19

4

Financial Planning Certificate - Paper 1 (Pre 01/08/2005)34

15, 16, 17, 18, 19

4

15, 16, 17, 18, 19

5

Financial Planning Certificate - Paper 1 (Pre 01/08/2005)34

20, 21, 22

313

Financial Planning Certificate - Paper 2 (Pre 01/08/2005)34

18, 19

6

G70 Paper of the Advanced Financial Planning Certificate (Pre 01/01/2007) 34

8

1

Life assurance paper (735) from the Associateship (Pre 01/11/2012)34

18

6

Mortgage Advice Qualification (MAQ) plus entry requirements (Pre 01/01/2005)34

20, 21, 22

1

Pensions law, taxation and administration paper (740) from the Associateship (Pre 01/11/2012)34

18, 19

613

Faculty or Institute of Actuaries

Associate - achieved by examination passed before 1 December 2001 (must include a pass in Subject 301 - Investment and Asset Management (syllabus in force from 1998))34

14 and 10

1

Fellow or Associate by examination (must include Investment Paper E (Syllabus in force until 1998))

Financial & Legal15 Skills Partnership (formerly the Financial Skills Partnership/15Financial Services Skills Council (FSP/15 FSSC)) (Dissolved on 7 April 2015)34

FLSP Advanced/Modern Apprenticeship in Advising on Financial Products (Long Term Care Insurance Pathway)15

7

1

FLSP Level 3 Advanced Apprenticeship in Advising on Financial Products (Mortgage Advice Pathway) or Level 3 Advanced Apprenticeship in Providing Mortgage Advice15

20

1

FLSP Level 3 Advanced/ Modern Apprenticeship in Retail or Providing Financial Services (Investment Administration or Operations Pathway including either Asset Servicing / CREST Settlement / Global Securities or ISA and CTF Administration)15

17

6

FLSP Level 3 Advanced/ Modern Apprenticeship in Retail or Providing Financial Services (Investment Administration or Operations Pathway including FSA Regulatory Environment or Principles of Financial Regulation)15

17

5

FLSP Level 3 Advanced/ Modern Apprenticeship in Retail or Providing Financial Services (investment Administration or Operations Pathway including the Introduction to Securities and Investment module)15

17

4

FLSP Level 3 Advanced/ Modern Apprenticeship in Retail or Providing Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration Pathway including CF1)15

18

4

FLSP Level 3 Advanced/ Modern Apprenticeship in Retail or Providing Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration Pathway including CF1)15

18

5

FLSP Level 3 Advanced/ Modern Apprenticeship in Retail or Providing Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration Pathway including CF1 and either FA1 or FA2)15

18

6

FLSP Level 3 Advanced/ Modern Apprenticeship in Retail or Providing Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration Pathway including CF1 and FA2)15

19

1

ICMA Centre/ University of Reading (Formerly ISMA Centre/ University of Reading)

Operations Certificate Programme (OCP) (Until January 2020)34

16, 17

6

Institute of Financial Planning (until 1 November 2015)25

Certified Financial Planner (syllabus in force until 31/10/2015)25

4 and 6

b

Fellowship (syllabus in force until 31/10/2015)25

Investment Management Association

Investment Administration Management Award

15, 16, 17

6

Japan34 Securities Dealers Association

Representative of Public Securities Examination (Pre34 April 1990)

8

2

Japanese Bankers Association

Registered Representative of Public Securities Examination (Pre34 April 1990)

8

2

Lloyd’s

Lloyd’s and London Market Introductory Test (Formerly the Lloyd’s Introductory Test) (Pre 31/12/2015)34

9

1

Sheffield Hallam University

BA in Financial Services (1995 to 2001)

4 and 6

b

MA in Financial Services (1995 to 2001)

Post Graduate in Financial Services (1995 to 2001)

The London Institute of Banking & Finance Limited

(From 1 April 2023)

Until 31 March 2023, the qualifications were provided by 23The London Institute of Banking & Finance (formerly the ifs University College and the ifs School of Finance/Chartered Institute of Bankers)23

15

CeMAP bridge paper plus entry requirements (Pre 31/10/2004)

21, 22

1

Certificate for Financial Advisers - Paper 1 (Pre 31/10/2004)

15, 16, 17, 18, 19

4

5

20, 21, 22

3

Finance (formerly the ifs University College and the ifs School of Finance/Chartered Institute of Bankers)

Certificate for Financial Advisers - Paper 2 (Pre 31/10/2004)

18, 19

6

Certificate in Mortgage Advice and Practice (CeMAP) (Pre 31/10/2004)

20, 21, 22

1

Certificate in Mortgage Advice and Practice (CeMAP) (Pre 31/10/2004) - Paper 1

20, 21

3

Diploma for Financial Advisers (Pre34 2010 examination standards)

4 and 6

b

The Securities Analysts Association of Japan (SAAJ)

CMA Level 2 (for individuals advising before 30/06/2009)

2, 3, 12, 13

b

University of the West of England

BA in Financial Services (1995 to 2001)

4 and 6

b

MA in Financial Services (1995 to 2001)

4 and 6

b

Post Graduate in Financial Services (1995 to 2001)