Related provisions for CONC 11.2.4
Table of applicable rules containing data items4, frequency and submission periods
(1) |
(2) |
(3) |
(4) |
|
RAGnumber |
Provisions containing: |
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applicabledata items |
reporting frequency/ period |
due date32 32 |
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RAG 1 |
• accepting deposits • meeting of repayment claims12 • managing dormant account funds (including the investment of such funds)12 27 |
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RAG 2.1 |
• effecting contracts of insurance • carrying out contracts of insurance • entering as provider into a funeral plan contract |
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RAG 2.2 |
• managing the underwriting capacity of a Lloyds syndicate as a managing agent at Lloyds • advising on syndicate participation at Lloyds • arranging deals in contracts of insurance written at Lloyds |
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RAG 3 |
• dealing in investment as principal • dealing in investments as agent • advising on investments (excluding retail investment activities) • arranging (bringing about) deals in investments (excluding retail investment activities) |
SUP 16.12.11 R or SUP 16.12.11B R for UK designated investment firms37 |
SUP 16.12.10 R2SUP 16.12.12 R or SUP 16.12.12A R for UK designated investment firms37 |
|
RAG 4 |
• managing investments • establishing, operating or winding up a collective investment scheme • establishing, operating or winding up a stakeholder pension scheme • establishing, operating or winding up a personal pension scheme2 • operating an electronic system in relation to lending (FCA-authorised persons only)48 3838 |
SUP 16.12.15 R or SUP 16.12.15B R for UK designated investment firms37 |
SUP 16.12.14 R2SUP 16.12.16 R or SUP 16.12.16A R for UK designated investment firm37 |
|
RAG 5 |
• home finance administration or home finance providing activity11 11 |
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RAG 6 |
• acting as the depositary of an authorised contractual scheme3640 • safeguarding and administration of assets (without arranging) • arranging safeguarding and administration of assets • acting as trustee or depositary of an AIF38 • acting as trustee or depositary of a UCITS38 3838 |
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RAG 7 |
• retail investment activities • advising on pensions transfers & opt-outs • arranging (bringing about deals) in retail investments |
SUP 16.12.22A R or SUP 16.12.22C R for UK designated investment firms37 |
SUP 16.12.23A R and37SUP 16.12.23 R for UK designated investment firms37 |
|
RAG 8 |
• making arrangements with a view to transactions in investments • operating a multilateral trading facility4 |
SUP 16.12.25A R or SUP 16.12.25C R for UK designated investment firms37 |
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RAG 9 |
• home finance mediation activity14 • insurance mediation activity (non-investment insurance contracts) 14 |
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RAG 10 |
96 | |||
[FCA] |
The applicable data items referred to in SUP 16.12.4 R according to type of firm are set out in the table below:
Firms' prudential category and applicable data items (note 1) |
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Firms other than BIPRU firms or IFPRU investment firms |
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IPRU(INV) Chapter 3 |
IPRU(INV) Chapter 5 |
IPRU(INV) Chapter 9 |
IPRU(INV) Chapter 11 (collective portfolio management firms only) |
IPRU(INV) Chapter 13 |
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No standard format (note 13) |
No standard format (note 13) |
No standard format (Note 13)48 |
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Annual report and accounts of the (note 10) |
No standard format (note 13) |
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Solvency statement |
No standard format |
No standard format (Note 11) |
No standard format |
No standard format |
No standard format |
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Balance sheet |
FSA001/FINREP (Notes 2 and 34) |
FSA001 (Note 2) |
FSA029 |
FSA029 |
FSA029 |
FSA029 |
FSA02948 |
FSA029 (note 15) or Section A RMAR (note 15) |
FSA029 |
|
Income statement |
FSA002/FINREP (Notes 2 and 34) |
FSA002 (Note 2) |
FSA030 |
FSA030 |
FSA030 |
FSA030 |
FSA03048 |
FSA030 (note 15) or Section B RMAR (note 15) |
FSA030 |
|
Capital adequacy |
COREP (Note 34) |
FSA003 (Note 2) |
FSA033 |
FSA034 or FSA035 (note 14) |
FSA031 |
FIN066 |
FIN06948 |
SectionD1 and D250 RMAR or FSA032 (note 15) |
FSA036 |
|
Supplementary capital data for collective portfolio management investment firms |
FIN067 (Note 32) |
FIN068 (Note 32) |
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Credit risk |
COREP (Note 34) |
FSA004 (Notes 2, 3) |
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Market risk |
COREP (Note 34)50 |
FSA005 (Notes 2, 4) |
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Market risk - supplementary |
FSA006 (note 5) |
FSA006 (note 5) |
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Operational risk |
COREP (Note 34) |
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Large exposures |
COREP (Note 34) |
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Exposures between core UK group and non-core large exposures group |
FSA018 (note 12) |
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Solo consolidation data |
FSA016 (note 20) |
FSA016 (Note 20) |
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Pillar 2 questionnaire |
FSA019 (note 8) |
FSA019 (Note 8) |
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Non-EEA subgroup |
COREP (Note 34) |
FSA028 (Note 9) |
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Threshold conditions |
Section F RMAR (note 15) |
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Volumes and types of business (note 21) |
FSA038 |
FSA038 |
FSA038 |
FSA038 |
FSA038 |
FSA038 |
FSA038 |
FSA038 |
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Client money and client assets |
FSA039 |
FSA039 |
FSA039 |
FSA039 |
FSA039 |
FSA039 |
FSA03948 |
Section C RMAR (note 15) or FSA039 |
FSA039 |
|
UCITS (note 22) |
FSA042 |
FSA042 |
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IRB portfolio risk |
FSA045 (note 18) |
FSA045 (Note 18) |
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Securitisation: non-trading book |
COREP (Note 34) |
FSA046 (Note 19) |
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Daily Flows |
FSA047/COREP (Notes 23, 26, 28, 30 and 34) |
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Enhanced Mismatch Report |
FSA048/COREP (Notes 23, 26, 28, 30 and 34) |
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Liquidity Buffer Qualifying Securities |
FSA050/COREP (Notes 24, 27, 28, 30 and 34) |
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Funding Concentration |
FSA051/COREP (Notes 24, 27, 28, 30 and 34) |
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Pricing data |
FSA052/COREP (Notes 24, 28, 30, 31 and 34) |
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Retail and corporate funding |
FSA053/COREP (Notes 24, 27, 28, 30 and 34) |
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Currency Analysis |
FSA054/COREP (Notes 24, 27, 28, 30 and 34) |
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Systems and Controls Questionnaire |
FSA055/COREP (Notes 25, 30 and 34) FSA055 (Notes 25 and 30) |
FSA055 (Notes 25 and 30) |
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Securitisation: trading book48 |
COREP (Note 34) |
FSA058 (Note 29) |
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Information on P2P agreements48 |
FIN07048 |
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Note 1 |
All firms, except IFPRU investment firms in relation to data items reported under the EU CRR, when submitting the completed data item required, a firm must use the format of the data item set out in SUP 16 Annex 24 R. Guidance notes for completion of the data items are contained in SUP 16 Annex 25 G. |
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Note 2 |
Firms that are members of a UK consolidation group are also required to submit this report on a UK consolidation group basis. |
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Note 3 |
This applies to a firm that is required to submit data item FSA003 and at anytime within the 12 months up to its latest accounting reference date ("the relevant period"), was reporting data item FSA004 ("Firm A") or not reporting this item ("Firm B"). In the case of Firm A it must report this data item if one or both of its last two submissions in the relevant period show that the threshold was exceeded. In the case of Firm B it must report this item if both the last two submissions in the relevant period show that the threshold has been exceeded. The threshold is exceeded where data element 77A in data item FSA003 is greater than £10 million, or its currency equivalent, at the relevant reporting date for the firm. |
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Note 4 |
This applies to a firm that is required to submit data item FSA003 and at any time within the 12 months up to its latest accounting reference date ("the relevant period"), was reporting data item FSA005 ("Firm A") or not reporting this item ("Firm B"). In the case of Firm A it must report this data item if one or both of its last two submissions in the relevant period show that the threshold was exceeded. In the case of Firm B it must report this item if both the last two submissions in the relevant period show that the threshold has been exceeded. The threshold is exceeded where data element 93A in data item FSA003 is greater than £50 million, or its currency equivalent, at the relevant reporting date for the firm. |
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Note 5 |
Only applicable to firms with a VaR model permission. |
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Note 6 |
[deleted] |
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Note 7 |
[deleted] |
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Note 8 |
Only applicable to IFPRU investment firms and BIPRU firms that : (a) are subject to consolidated supervision under BIPRU 8, except those that are either included within the consolidated supervision of a group that includes a UK credit institution, or that have been granted an investment firm consolidation waiver; or (b) have been granted an investment firm consolidation waiver; or (c) are not subject to consolidated supervision under BIPRU 8 BIPRU 8. An IFPRU investment firm and a BIPRU firm under (a) must complete the report on the basis of its UK consolidation group. An IFPRU investment firm and a BIPRU firm under (b) or (c) must complete the report on the basis of its solo position. |
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Note 9 |
This will be applicable to firms that are members of a UK consolidation group on the reporting date. |
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Note 10 |
Only applicable to a firm whose ultimate parent is a mixed-activity holding company. |
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Note 11 |
Only applicable to a firm that is a sole trader or a partnership, when the report must be submitted by each partner. |
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Note 12 |
Only applicable to a firm that has both a core UK group and a non-core large exposures group. |
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Note 13 |
This data item is applicable to all firms in this table except a firm subject to IPRU(INV) Chapter 13 which is not an exempt CAD firm. |
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Note 14 |
FSA034 must be completed by a firm not subject to the exemption in IPRU(INV) 5.2.3(2)R. FSA035 must be completed by a firm subject to the exemption in IPRU(INV) 5.2.3(2)R. |
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Note 15 |
FSA029, FSA030, FSA032 and FSA039 only apply to a firm subject to IPRU(INV) Chapter 13 which is an exempt CAD firm. Sections A, B, C, D1, D250 and F RMAR only apply to a firm subject to IPRU(INV) Chapter 13 which is not an exempt CAD firm. |
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Note 16 |
[deleted] |
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Note 17 |
[deleted] |
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Note 18 |
Only applicable to firms that have an IRB permission. |
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Note 19 |
Only applicable to firms that hold securitisation positions, or are the originator or sponsor of securitisations of non-trading book exposures. |
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Note 20 |
Only applicable to a firm that has a solo consolidation waiver. |
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Note 21 |
[deleted] |
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Note 22 |
Only applicable to firms that have permission for managing a UCITS. |
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Note 23 |
A firm must complete this item separately on each of the following bases (if applicable). (1) It must complete it on a solo basis. Therefore even if it has a solo consolidation waiver it must complete the item on an unconsolidated basis by reference to the firm alone. (2) If it is a group liquidity reporting firm in a DLG by default and is a UK lead regulated firm, it must complete the item on the basis of that group. (3) If it is a group liquidity reporting firm in a UK DLG by modification, it must complete the item on the basis of that group. (4) If it is a group liquidity reporting firm in a non-UK DLG by modification, it must complete the item on the basis of that group. |
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Note 24 |
A firm must complete this item separately on each of the following bases that are applicable. (1) It must complete it on a solo basis unless it is a group liquidity reporting firm in a UK DLG by modification. Therefore even if it has a solo consolidation waiver it must complete the item on an unconsolidated basis by reference to the firm alone. (2) If it is a group liquidity reporting firm in a UK DLG by modification, it must complete the item on the basis of that group. |
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Note 25 |
If it is a non-ILAS BIPRU firm, it must complete it on a solo basis. Therefore even if it has a solo consolidation waiver it must complete the item on an unconsolidated basis by reference to the firm alone. |
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Note 26 |
(1) This item must be reported in the reporting currency. (2) If any data element is in a currency or currencies other than the reporting currency, all currencies (including the reporting currency) must be combined into a figure in the reporting currency. (3) In addition, all material currencies (which may include the reporting currency) must each be recorded separately (translated into the reporting currency). However if: (a) the reporting frequency is (whether under a rule or under a waiver) quarterly or less than quarterly; or (b) the only material currency is the reporting currency; (3) does not apply. (4) If there are more than three material currencies for this data item, (3) only applies to the three largest in amount. A firm must identify the largest in amount in accordance with the following procedure. (a) For each currency, take the largest of the asset or liability figure as referred to in the definition of material currency. (b) Take the three largest figures from the resulting list of amounts. (5) The date as at which the calculations for the purposes of the definition of material currency are carried out is the last day of the reporting period in question. (6) The reporting currency for this data item is whichever of the following currencies the firm chooses, namely USD (the United States Dollar), EUR (the euro), GBP (sterling), JPY (the Japanese Yen), CHF (the Swiss Franc), CAD (the Canadian Dollar) or SEK (the Swedish Krona). |
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Note 27 |
Note 26 applies, except that paragraphs (3), (4), and (5) do not apply, meaning that material currencies must not be recorded separately. |
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Note 28 |
Any changes to reporting requirements caused by a firm receiving an intra-group liquidity modification (or a variation to one) do not take effect until the first day of the next reporting period applicable under the changed reporting requirements for the data item in question if the firm receives that intra-group liquidity modification or variation part of the way through such a period. If the change is that the firm does not have to report a particular data item or does not have to report it at a particular reporting level, the firm must nevertheless report that item or at that reporting level for any reporting period that has already begun. This paragraph is subject to anything that the intra-group liquidity modification says to the contrary. |
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Note 29 |
Only applicable to firms that hold securitisation positions in the trading book and/or are the originator or sponsor of securitisations held in the trading book. |
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Note 30 |
FSA047, FSA048, FSA050, FSA051, FSA052, FSA053 and FSA054 must be completed by an ILAS BIPRU firm. An ILAS BIPRU firm does not need to complete FSA055. A non-ILAS BIPRU firm must complete FSA055 and does not need to complete FSA047, FSA048, FSA050, FSA051, FSA052, FSA053 and FSA054. |
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Note 31 |
This data item must be reported only in the currencies named in FSA052, so that liabilities in GBP are reported in GBP in rows 1 to 4, those in USD are reported in USD in rows 5 to 8, and those in Euro are reported in Euro in rows 9 to 12. Liabilities in other currencies are not to be reported. |
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Note 32 |
Only applicable to firms that are collective portfolio management investment firms. |
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Note 33 |
Only applicable to firms that have a managing investmentspermission. |
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Note 34 |
Requirements under COREP and FINREP should be determined with reference to the EU CRR and applicable technical standards. |
2The applicable data items referred to in SUP 16.12.4 R are set out according to type of firm in the table below:
Firms' prudential category and applicable data item (note 1) |
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Exempt CAD firmssubject toIPRU(INV)Chapter 13 |
Firms(other thanexempt CAD firms) subject toIPRU(INV)Chapter 13 |
Firmsthat are also in one or more ofRAGs1 to 6 and not subject toIPRU(INV)Chapter 13 |
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No standard format |
No standard format |
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Annual report and accounts of the mixed-activity holding company (note 10) |
No standard format |
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Solvency statement |
No standard format (note 11) |
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Balance Sheet |
FSA001/FINREP (Notes 2 and 29) |
FSA001 (Note 2) |
FSA029 |
Section A RMAR |
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Income Statement |
FSA002/FINREP (Notes 2 and 29) |
FSA002 (Note 2) |
FSA030 |
Section B RMAR |
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Capital Adequacy |
COREP (Note 29) |
FSA003 (Note 2) |
FSA032 |
Section D1 and D250 RMAR (Note 23) 50 |
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Credit risk |
COREP (Note 29) |
FSA004 (Notes 2, 3) |
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Market risk |
COREP (Note 29) |
FSA005 (Notes 2, 4) |
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Market risk - supplementary |
FSA006 (note 5) |
FSA006 (Note 5) |
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Operational risk |
COREP (Note 29) |
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Large exposures |
COREP (Note 29) |
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Exposures between core UK group and non-core large exposures group |
FSA018 (note 12) |
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Solo consolidation data |
FSA016 |
FSA016 |
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Pillar 2 questionnaire |
FSA019 (note 8) |
FSA019 (Note 8) |
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Non-EEA sub-group |
COREP (Note 29) |
FSA028 (Note 9) |
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Professional indemnity insurance (note 15) |
Section E RMAR |
Section E RMAR |
Section E RMAR |
Section E RMAR |
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Threshold Conditions |
Section F RMAR |
Section F RMAR |
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Training and Competence |
Section G RMAR |
Section G RMAR |
Section G RMAR |
Section G RMAR |
Section G RMAR |
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COBS data |
Section H RMAR |
Section H RMAR |
Section H RMAR |
Section H RMAR |
Section H RMAR |
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Client money and client assets |
Section C RMAR |
Section C RMAR |
Section C RMAR |
Section C RMAR |
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Fees and levies |
Section J RMAR |
Section J RMAR |
Section J RMAR |
Section J RMAR |
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Section K RMAR (Note 26) |
Section K RMAR (Note 26) |
Section K RMAR (Note 26) |
Section K RMAR (Note 26) |
Section K RMAR (Note 26) |
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Section L RMAR (Note 27) |
Section L RMAR (Note 27) |
Section L RMAR (Note 27) |
Section L RMAR (Note 27) |
Section L RMAR (Note 27) |
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IRB portfolio risk |
FSA045 (note 13) |
FSA045 (Note 13) |
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Securitisation: non-trading book |
COREP (note 29) |
FSA046 (Note 14) |
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Daily Flows |
FSA047/COREP (Notes 16, 19, 21, 24 and 29) |
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Enhanced Mismatch Report |
FSA048/COREP (Notes 16, 19, 21, 24 and 29) |
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Liquidity Buffer Qualifying Securities |
FSA050/COREP (Notes 17, 20, 21, 24 and 29) |
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Funding Concentration |
FSA051/COREP (Notes 17, 20, 21, 24 and 29) |
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Pricing data |
FSA052/COREP (Notes 17, 20, 21, 24 and 29) |
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Retail and corporate funding |
FSA053/COREP (Notes 17, 20, 21, 24 and 29) |
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Currency Analysis |
FSA054/COREP (Notes 17, 20, 21, 24 and 29) |
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Systems and Controls Questionnaire |
FSA055/COREP (Notes 18, 24 and 29) |
FSA055 (Notes 18 and 24) |
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Securitisation: trading book |
COREP (Note 29) |
FSA058 (Note 22) |
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Supplementary capital data for collective portfolio management investment firms |
FIN067 (Note 28) |
FIN068 (Note 28) |
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Note 1 |
When submitting the completed data item required, a firm must use the format of the data item set out in SUP 16 Annex 24 R, or SUP 16 Annex 18A R in the case of the RMAR. Guidance notes for completion of the data items are contained in SUP 16 Annex 25 G, or SUP 16 Annex 18B G in the case of the RMAR. |
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Note 2 |
Firms that are members of a UK consolidation group are also required to submit this report on a UK consolidation group basis. |
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Note 3 |
This applies to a firm that is required to submit data item FSA003 and, at any tinewithin the 12 months up to its latest accounting reference date ("the relevant period"), was reporting data item FSA004 ("Firm A") or not reporting this item ("Firm B"). In the case of Firm A it must report this data item if one or both of its last two submissions in the relevant period show that the threshold was exceeded. In the case of Firm B it must report this item if both the last two submissions in the relevant period show that the threshold has been exceeded. The threshold is exceeded where data element 77A in data item FSA003 is greater than £10 million, or its currency equivalent, at the relevant reporting date for the firm. |
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Note 4 |
This applies to a firm that is required to submit data item FSA003 and, at any time within the 12 months up to its latest accounting reference date ("the relevant period"), was reporting data item FSA005 ("Firm A") or not reporting this item ("Firm B"). In the case of Firm A it must report this data item if one or both of its last two submissions in the relevant period show that the threshold was exceeded. In the case of Firm B it must report this item if both the last two submissions in the relevant period show that the threshold has been exceeded. The threshold is exceeded where data element 93A in data item FSA003 is greater than £50 million, or its currency equivalent, at the relevant reporting date for the firm. |
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Note 5 |
Only applicable to firms with a VaR model permission. |
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Note 6 |
[deleted] |
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Note 7 |
[deleted] |
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Note 8 |
Only applicable to IFPRU investment firms and BIPRU firms that: (a) are subject to consolidated supervision under BIPRU 8, except those that are either included within the consolidated supervision of a group that includes a UK credit institution, or that have been granted an investment firm consolidation waiver; or (b) have been granted an investment firm consolidation waiver; or (c) are not subject to consolidated supervision under BIPRU 8. An IFPRU investment firm and a BIPRU firm under (a) must complete the report on the basis of its UK consolidation group. An IFPRU investment firm and a BIPRU firm under (b) or (c) must complete the report on the basis of its solo position. |
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Note 9 |
This will be applicable to firms that are members of a UK consolidation group on the reporting date. |
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Note 10 |
Only applicable to a firm whose ultimate parent is a mixed-activity holding company. |
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Note 11 |
Only applicable to a firm that is a sole trader or a partnership, when the report must be submitted by each partner. |
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Note 12 |
Only applicable to a firm that has both a core UK group and a non-core large exposures group. |
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Note 13 |
Only applicable to firms that have an IRB permission. |
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Note 14 |
Only applicable to firms that hold securitisation positions, or are the originator or sponsor of securitisations of non-trading bookexposures. |
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Note 15 |
This item only applies to firms that are subject to an FCA requirement to hold professional indemnity insurance and are not exempt CAD firms. |
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Note 16 |
A firm must complete this item separately on each of the following bases (if applicable). (1) It must complete it on a solo basis. Therefore even if it has a solo consolidation waiver it must complete the item on an unconsolidated basis by reference to the firm alone. (2) If it is a group liquidity reporting firm in a DLG by default and is a UK lead regulated firm, it must complete the item on the basis of that group. (3) If it is a group liquidity reporting firm in a UK DLG by modification, it must complete the item on the basis of that group. (4) If it is a group liquidity reporting firm in a non-UK DLG by modification, it must complete the item on the basis of that group. |
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Note 17 |
A firm must complete this item separately on each of the following bases that are applicable. (1) It must complete it on a solo basis unless it is a group liquidity reporting firm in a UK DLG by modification. Therefore even if it has a solo consolidation waiver it must complete the item on an unconsolidated basis by reference to the firm alone. (2) If it is a group liquidity reporting firm in a UK DLG by modification, it must complete the item on the basis of that group. |
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Note 18 |
If it is a non-ILAS BIPRU firm, it must complete it on a solo basis. Therefore even if it has a solo consolidation waiver it must complete the item on an unconsolidated basis by reference to the firm alone. |
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Note 19 |
(1) This item must be reported in the reporting currency. (2) If any data element is in a currency or currencies other than the reporting currency, all currencies (including the reporting currency) must be combined into a figure in the reporting currency. (3) In addition, all material currencies (which may include the reporting currency) must each be recorded separately (translated into the reporting currency). However if: (a) the reporting frequency is (whether under a rule or under a waiver) quarterly or less than quarterly; or (b) the only material currency is the reporting currency; (3) does not apply. (4) If there are more than three material currencies for this data item, (3) only applies to the three largest in amount. A firm must identify the largest in amount in accordance with the following procedure. (a) For each currency, take the largest of the asset or liability figure as referred to in the definition of material currency. (b) Take the three largest figures from the resulting list of amounts. (5) The date as at which the calculations for the purposes of the definition of material currency are carried out is the last day of the reporting period in question. (6) The reporting currency for this data item is whichever of the following currencies the firm chooses, namely USD (the United States Dollar), EUR (the euro), GBP (sterling), JPY (the Japanese Yen), CHF (the Swiss Franc), CAD (the Canadian Dollar) or SEK (the Swedish Krona). |
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Note 20 |
Note 19 applies, except that paragraphs (3), (4) and (5) do not apply, meaning that material currencies must not be recorded separately. |
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Note 21 |
Any changes to reporting requirements caused by a firm receiving an intra-group liquidity modification (or a variation to one) do not take effect until the first day of the next reporting period applicable under the changed reporting requirements for the data item in question if the firm receives that intra-group liquidity modification or variation part of the way through such a period. If the change is that the firm does not have to report a particular data item or does not have to report it at a particular reporting level, the firm must nevertheless report that item or at that reporting level for any reporting period that has already begun. This paragraph is subject to anything that the intra-group liquidity modification says to the contrary. |
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Note 22 |
Only applicable to firms that hold securitisation positions in the trading book and/ or are the originator or sponsor of securitisations held in the trading book. |
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Note 23 |
Where a firm submits data items for both RAG 7 and RAG 9, the firm must complete both SectionsD1 and D6 RMAR. |
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Note 24 |
FSA047, FSA048, FSA050, FSA051, FSA052, FSA053 and FSA054 must be completed by an ILAS BIPRU firm. An ILAS BIPRU firm does not need to complete FSA055. A non-ILAS BIPRU firm must complete FSA055 and does not need to complete FSA047, FSA048, FSA050, FSA051, FSA052, FSA053 and FSA054. |
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Note 25 |
This data item must be reported only in the currencies named in FSA052, so that liabilities in GBP are reported in GBP in rows 1 to 4, those in USD are reported in USD in rows 5 to 8, and those in Euro are reported in Euro in rows 9 to 12. Liabilities in other currencies are not to be reported. |
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Note 26 |
This item only applies to firms that provide advice on retail investment products. |
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Note 27 |
This item applies only to firms that provide advice and related services to employers on group personal pension schemes and/or group stakeholder pension schemes. |
|||||
Note 28 |
Only applicable to firms that are collective portfolio management investment firms. |
|||||
Note 29 |
Requirements under COREP and FINREP should be determined with reference to the EU CRR and applicable technical standards. |
1Typical recommendations and whether they will be regulated as advising on investments under article 53 of the Regulated Activities Order. This table belongs to PERG 8.29.1 G to PERG 8.29.6 G.2
Recommendation |
Regulated under article 53 or not? |
I recommend that you take out the ABC investment. |
Yes. This is advice which steers the client in the direction of a particular investment which the client could buy. |
I recommend that you do not take out the ABC investment. |
Yes. This is advice which steers the client away from a particular investment which the client could have bought. |
I recommend that you take out either the ABC investment or the DEF investment. |
Yes. This is advice which steers the client in the direction of more than one particular investment which the client could buy. |
I recommend that you sell your ABC investment. |
Yes. This is advice which steers the client in the direction of a particular investment which the client could sell. |
I recommend that you do not sell your ABC investment. |
Yes. This is advice which steers the client away from a particular investment which the client could have sold. |
I recommend that you transfer ownership of your ABC investment to your spouse. |
Advising the client to gift an investment to another person will not be advice because it does not involve advice on buying, selling, subscribing for or underwriting an investment. |
I recommend that you increase the regular payments you are making to your GHI fund*. |
Yes. This is advice which steers the client in the direction of acquiring further units in a particular fund. |
I recommend that you decrease the regular payments you are making to your GHI fund*. |
Yes. This is advice which steers the client in the direction of acquiring further units in a particular fund but advises against the client buying as many as he intended. |
I recommend that you keep making the same regular payments to your GHI fund*. |
Yes. This is advice which steers the client in the direction of acquiring further units in a particular fund. |
I recommend that you stop making the regular payments you are making to the GHI fund*. |
Yes. This is advice which steers the client away from buying units in a particular fund which the client could have bought. |
I recommend that you pay a lump sum into your GHI fund*. |
Yes. This is advice which steers the client in the direction of acquiring further units in a particular fund. |
I recommend that you do not pay a lump sum into your GHI fund*. |
Yes. This is advice which steers the client away from buying units in a particular fund which the client could have bought. |
I recommend that you move part of your investment in the JKL investment from fund X into fund Y*. |
Yes. This is advice which steers the client in the direction of selling units in a particular fund and buying units in another specific fund. Where the two funds are sub-funds of the same main fund it is still advice. The terms ‘bought’ and ‘sold’ are given a wide meaning and include any acquisition or disposal for valuable consideration. |
I recommend that you move all of your investment in JKL investment from fund X into fund Y*. |
Yes, for the same reason. |
I recommend that you move your MNO investment from platform X and re-register it on platform Y. |
This is unlikely to be advice because normally it will not involve buying and selling the investment held on the platform. |
A client decides of his own accord to increase, decrease or temporarily suspend his regular payments or the payments are increased automatically into an investment without advice being given. |
No. No advice is being given. |
The firm is providing discretionary management services under a mandate and makes changes to a client'sinvestment without providing advice. |
No. No advice is being given. |
Dividends are re-invested into an investment without advice being given. |
No. No advice is being given. |
* The same answer would apply where the fund is a life policy as rights under a contract of insurance are regulated investments under the Act. The position under a personal pension scheme is similar, as explained in more detail in PERG 12.3. |
Application of different sections of SUP 16 (excluding SUP 16.13, SUP 16.15, SUP 16.16 and SUP 16.17)6627
Part 1: Activities
Note: The activity numbers in this table relate to the Regulated Activities in TC App 1.1.1 R. These tables do not cover activities 1, 5, 13A, 13B, 13C, 24, 25 or 26 as these activities do not have a qualification requirement.
Activity Number |
Activity |
Key - extent to which qualification meets qualification requirement |
|
2 |
Advising on securities which are not stakeholder pension schemes, personal pension schemes or broker funds |
(a) |
Meets full qualification requirement on and after, 31 December 2012 |
3 |
Advising on derivatives |
||
4 and 6 |
(4) Advising on retail investment products which are not broker funds and (6) advising on friendly societytax-exempt policies (other than Holloway sickness policies where the Holloway policy special application conditions are met) |
(b) |
Meets full qualification requirement until 31 December 2012. On and after 31 December 2012 this must be combined with qualification gap-fill. This gap-fill constitutes additional structured continuing professional development, which need not be by examination, completed and verified by an accredited body |
12 |
Advising on and dealing in securities which are not stakeholder pension schemes, personal pension schemes or broker funds |
||
13 |
Advising on and dealing in derivatives |
Activity Number |
Activity |
Key - extent to which qualification meets qualification requirement |
|
7 |
Advising on long-term care insurance contracts |
1 or (2 + 3) or (4 + 5 + 6) |
Meets full qualification requirement |
8 |
Advising on investments in the course of corporate finance business |
||
9 |
|||
11 |
Undertaking the activity of a pension transfer specialist |
||
14 and 10 |
Managing investments and/or undertaking the activity of a broker fund adviser |
||
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 |
1 or (2 + 3) or (4 + 5 + 6) |
Meets full qualification requirement |
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. |
||
20 |
Advising on a regulated mortgage contract for a non-business purpose |
||
21 |
Advising on equity release transactions |
||
22 |
Designing scripted questions for non-advised sales of14equity release transactions |
||
23 |
Overseeing non-advised sales on a day-to-day basis of equity release transactions |
Part 2: Appropriate Qualifications Tables
Qualification provider |
Qualification |
Activity Number(s) |
Key |
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) |
|||
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 |
Fellow or Associate |
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 |
||
Blackburn College - University Centre |
Foundation Degree Award in Financial Services |
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) |
|||
Calibrand / Scottish Qualifications Authority |
Diploma in Professional Financial Advice |
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 |
|||
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 |
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 |
b |
|
CFA Institute and the CFA Society of the UK |
Level 1 of CFA Program plus Investment Management Certificate (Level 4)12 12 |
2, 3, 12, 13 |
a |
Completion of CFA Program plus Investment Management Certificate Unit 1: The investment environment (Level 4)12 12 |
|||
Holder of Associate qualification (associate member)12 12 |
2, 3, 12, 13 |
b |
|
Level 1 of CFA Program plus Investment Management Certificate (Level 3)12 12 |
|||
Completion of CFA Program plus Investment Management Certificate Unit 1: UK Regulation and Markets (level 3)12 12 |
|||
Holder of Associate qualification (Fellow)12 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 1212 |
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 12 |
2, 12 |
a |
Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on packaged products 12 |
4 and 6 |
||
Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on derivatives 12 |
3, 13 |
||
Investment Management Certificate (Level 3 or 4)12 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 12 |
14 and 10 |
2 |
|
12 | 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 12 |
8 |
3 |
|
15, 16, 17, 19 |
5 |
||
18 |
6 |
||
12 | 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 |
Chartered Institute of Bankers in Ireland |
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
Chartered Institute of Bankers in Scotland |
Diploma in Investment Planning (Existing Adviser) Post 2010 examination standards |
4 and 6 |
a |
Diploma in Investment Planning (New Adviser) Post 2010 examination standards |
|||
Post 2010 examination standards |
|||
Diploma in Investment Planning (Retail Banking) (Existing Adviser) Post 2010 examination standards |
|||
Diploma in investment planning (work based assessment) |
|||
Associate (March 1992 to July 1994 syllabus (including top-up test)) |
4 and 6 |
b |
|
Associate (post August 1994 syllabus) |
|||
Certificate in Investment Planning (Pre 17/09/2004) |
|||
Chartered Banker (where candidates hold UK Financial Services and Investment modules) |
|||
Diploma in Investment Planning (current) |
|||
Associateship - (must include a pass in the Investment Paper) |
2, 3, 12, 13 |
b |
|
Certificate in Investment Planning - Paper 1 |
15, 16, 18, 19 |
4 |
|
15, 16, 17, 18, 19 |
5 |
||
Certificate in Investment Planning |
17 |
4 |
|
Member or Associate |
15, 16, 17, 18, 19 |
4 |
|
Mortgage Advice and Practice Certificate |
20 |
1 |
|
Certificate in Mortgage Advice and Practice (MAPC) (Pre 16/09/2004) |
20, 21, 22 |
1 |
|
MAPC bridge paper plus entry requirements (Pre 31/10/2004) |
20 |
1 |
|
Certificate in Investment Planning - Paper 1 (Pre 16/09/2004) |
20, 21, 22 |
3 |
|
MAPC - Paper 1 (Pre 16/09/2004) |
20 |
3 |
|
Mortgage Advice and Practice Certificate - Paper 1 (Post 17/09/2004) |
20, 21 |
3 |
|
Equity Release Mortgage Advice and Practice Certificate (ERMAPC) |
21, 22 |
1 |
|
Lifetime Mortgage Advice and Practice Certificate |
|||
MAPC Bridge paper plus entry requirements (Pre 16/09/2004) |
|||
Certificate in Mortgage Advice and Practice (MAPC) (Pre 16/09/2004) - Paper 1 |
21, 22 |
3 |
|
Equity Release Mortgage Advice and Practice Certificate (ERMAPC) |
23 |
4 |
|
23 |
5 |
||
23 |
6 |
||
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) |
|||
Investment Advice Diploma (where candidate holds 3 modules including the derivatives module) |
3, 13 |
||
Investment Advice Diploma (where candidate holds 3 modules including the securities module) |
2, 12 |
||
Masters in Wealth Management (Post 2010 examination standards) |
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 |
||
Diploma (where candidate holds 3 modules as recommended by the firm) |
2, 3, 4 and 6, 12, 13 |
b |
|
Investment Advice Certificate |
2, 3, 4 and 6, 12, 13 |
b |
|
Masters in Wealth Management (Pre 2010 examination standards) |
2, 3, 4 and 6, 12, 13 |
b |
|
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 |
|
Certificate in Corporate Finance |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
Certificate in Derivatives - Paper 2 |
15, 16, 17, 18, 19 |
4 |
|
Certificate in Investment and Financial Advice - Paper 1 |
21, 22 |
3 |
|
Certificate in Investment Management (Level 3, pre 31 December 2013)13 |
8 |
1 |
|
15, 16, 17, 19 |
4 |
||
15, 16, 17 |
5 |
||
14 and 10 |
113 |
||
13Certificate in Investment Management (Level 4) |
14 and 10 |
1 |
|
Certificate in Investment Management - Paper 2 |
8 |
2 |
|
14 and 10 |
|||
Certificate in Securities |
8 |
1 |
|
Certificate in Securities - Paper 2 |
15, 16, 17, 18, 19 |
4 |
|
Certificate in Securities and Derivatives - Paper 2 |
19 |
4 |
|
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 |
|
Diploma |
15, 16, 17, 18, 19 |
4 |
|
Diploma - Corporate Finance Paper |
8 |
2 |
|
Diploma - Global Operations Management Module |
15, 16, 17, 18, 19 |
4 |
|
15, 16, 17 |
5 |
||
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 |
||
Diploma (must include a pass in Regulation and Compliance Paper) |
8 |
1 |
|
Diploma (where candidate holds 3 modules as recommended by the firm) |
14 and 10 |
1 |
|
12Diploma in Corporate Finance (awarded jointly 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 |
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 |
|
Investment Advice Certificate |
14 and 10 |
1 |
|
Investment Advice Certificate - Paper 1 |
15, 16, 17, 18, 19 |
4 |
|
5 |
|||
Investment Advice Certificate - Paper 1 (No new registrations) |
20, 21, 22 |
3 |
|
Investment Advice Certificate - Paper 2 |
18, 19 |
6 |
|
Investment Advice Diploma (where candidates hold technical modules as recommended by the firm) |
14 and 10 |
1 |
|
Investment Operations Certificate - Asset Servicing Module |
15, 16, 17 |
6 |
|
Investment Operations Certificate - Collective Investment Schemes Administration Module |
15, 16, 17 |
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 13 |
8 |
3 |
|
14 and 10 |
|||
15, 16, 17, 18, 19 |
5 |
||
Investment Operations Certificate - Global Securities Operations Module |
17 |
6 |
|
Investment Operations Certificate - Global Securities Operations Module |
16 |
6 |
|
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 |
|
Investment Operations Certificate - Operational Risk Module |
15, 16, 17 |
6 |
|
Investment Operations Certificate - OTC Derivatives Administration Module |
15, 16 |
6 |
|
Investment Operations Certificate - Administration of Settlement & Investments Module (previously known as the Private Client Administration Module)12 12 |
15, 16, 17 |
6 |
|
Level 3 Certificate in Investments (Derivatives) - Unit 3 |
15, 16, 17, 18, 19 |
4 |
|
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 |
||
Level 3 Certificate in Investments (Securities) |
8 |
1 |
|
Level 3 Certificate in Investments (Securities) - Unit 2 |
15, 16, 17, 18, 19 |
4 |
|
Level 6 Diploma in Wealth Management |
14 and 10 |
1 |
|
Masters in Wealth Management |
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 Securities Advice and Dealing |
2, 12 |
|
Diploma in Regulated Financial Planning |
4 and 6 |
a |
|
Diploma in Regulated Financial Planning (attained through a CII alternative assessment day) |
|||
Fellow or Associate (life and pensions route only) |
2, 3, 12, 13 |
b |
|
Advanced Financial Planning Certificate |
2, 3, 4 and 6, 12, 13 |
b |
|
Diploma in Financial Planning |
4 and 6 |
b |
|
Fellow (FCII) (where candidates hold appropriate life and pensions modules) |
|||
Fellow (FLIA Dip) |
|||
Advanced Diploma in Financial Planning |
|||
Associate (ACII) (where candidate holds appropriate life and pension modules) |
|||
Associate (ALIA Dip) |
|||
12Diploma in Financial Planning plus a pass in J12: Securities advice and dealing |
2, 1213 13 |
a13 13 |
|
Certificate in Financial Planning plus the Award in Long Term Care Insurance |
7 |
1 |
|
G80 paper of Advanced Financial Planning Certificate (October 2004) plus appropriate exam requirements for TC 2.1.4R(1)(f) |
|||
G70 Paper of the Advanced Financial Planning Certificate |
8 |
1 |
|
Award in London Market Insurance |
9 |
1 |
|
Fellow or Associate including three pensions-related subjects as confirmed by the examining body |
11 |
1 |
|
G60 paper of Advanced Financial Planning Certificate |
|||
Unit AF3 of the Advanced Diploma in Financial Planning |
|||
Certificate of Insurance Practice |
18 |
4 |
|
Certificate of Insurance Practice (life or pensions route) |
18 |
6 |
|
FA1 - Life office administration |
|||
Fellow or Associate (life and pensions route only) |
|||
Life assurance paper (735) from the Associateship |
|||
Certificate of Insurance Practice (Pensions route) |
19 |
6 |
|
Fellow or Associate (Pensions route) |
|||
Certificate in Mortgage Advice |
20 |
1 |
|
Certificate in Equity Release (Formerly known as Certificate in Financial Planning and Lifetime Mortgages) |
21 |
1 |
|
Certificate in Equity Release |
22 |
1 |
|
23 |
4 |
||
23 |
5 |
||
23 |
6 |
||
Advanced Financial Planning Certificate (must include a pass in G70 paper) |
14 and 10 |
1 |
|
Certificate in Discretionary Investment Management |
|||
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
Financial Planning Certificate - Paper 1 |
15, 16, 17, 18, 19 |
4 |
|
15, 16, 17, 18, 19 |
5 |
||
CF1 - UK financial services, regulation and ethics |
15, 16, 17, 1318, 19 |
4 |
|
15, 16, 17, 1318, 19 |
513 |
||
13RO1 Paper: Regulation and Ethics |
15, 16, 17, 18, 19 |
4 |
|
15, 16, 17, 18, 19 |
5 |
||
FA2 - Pensions administration paper |
18, 19 |
613 |
|
Financial Planning Certificate - Paper 2 |
|||
Pensions law, taxation and administration paper (740) from the Associateship |
18, 19 |
613 |
|
13Certificate in Investment Operations: Collective Investment Scheme Administration paper (FA4) |
15, 16, 17 |
6 |
|
13Certificate in Investment Operations: Individual Savings Account Administration paper (FA5) |
151516, 17 |
6 |
|
13Certificate in Investment Operations: Investment Client Servicing paper (FA6) |
15, 16, 17 |
6 |
|
Certificate in Mortgage Advice - Paper 1 |
20, 21 |
3 |
|
Mortgage Advice Qualification (MAQ) plus entry requirements |
20, 21, 22 |
1 |
|
Financial Planning Certificate - Paper 1 (No new registrations after 17/12/2004) |
20, 21, 22 |
313 |
|
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 15 |
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 |
||
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) |
14 and 10 |
1 |
|
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 |
|
12 | |||
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 |
||
Fellow or Associate by examination (must include Investment Paper E (Syllabus in force until 1998)) |
14 and 10 |
1 |
|
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 |
Financial & Legal 15Skills Partnership (formerly the Financial Skills Partnership/15Financial Services Skills Council (FSP/15FSSC)) |
FLSP15 Advanced/Modern15 Apprenticeship in Advising on Financial Products (Long Term Care Insurance Pathway) 15 |
7 |
1 |
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing15Financial Services (Investment Administration or Operations15 Pathway including either Asset Servicing / CREST Settlement / Global Securities or ISA and CTF Administration) 15 |
17 |
6 |
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Investment Administration or Operations15 Pathway including FSA Regulatory Environment or Principles of Financial Regulation) 15 |
17 |
5 |
|
FLSP Level 315 Advanced/Modern 15 Apprenticeship in Retail or Providing 15Financial Services (investment Administration or Operations15 Pathway including the Introduction to Securities and Investment module) 15 |
17 |
4 |
|
FLSP Level 315 Advanced/Modern 15Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15 Pathway including CF1) 15 |
18 |
4 |
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15 Pathway including CF1) 15 |
18 |
5 |
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15 Pathway including CF1 and either FA1 or FA2) 15 |
18 |
6 |
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15Pathway including CF1 and FA2) 15 |
19 |
1 |
|
FLSP Level 315 Advanced Apprenticeship in Advising on Financial Products (Mortgage Advice Pathway) or Level 3 Advanced Apprenticeship in Providing Mortgage Advice15 15 |
20 |
1 |
|
ICMA Centre/ University of Reading (Formerly ISMA Centre/ University of Reading) |
Diploma in Capital Markets, Regulation and Compliance |
17 |
5 |
Operations Certificate Programme (OCP) |
16, 17 |
6 |
|
ifs University College15(formerly the ifs School of Finance/15Chartered Institute of Bankers) 15 |
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) |
|||
Associateship - (must include a pass in the Investment / Investment Management Paper) |
2, 3, 4 and 6, 12, 13 |
b |
|
Diploma for Financial Advisers (pre 2010 examination standards) |
4 and 6 |
b |
|
Professional Investment Certificate |
|||
Certificate for Financial Advisers and Certificate in Long-term Care Insurance |
7 |
1 |
|
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 |
|
Certificate for Financial Advisers - Paper 1 (Pre 31/10/2004) |
15, 16, 17, 18, 19 |
4 |
|
5 |
|||
20, 21, 22 |
3 |
||
Certificate for Financial Advisers - Paper 1 (Post 01/11/2004) |
18, 19 |
4 |
|
5 |
|||
Certificate for Financial Advisers - Paper 2 (Pre 31/10/2004) |
18, 19 |
6 |
|
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 |
|
CeMAP bridge paper plus entry requirements (Pre 31/10/2004) |
21, 22 |
1 |
|
Certificate in Mortgage Advice and Practice (CeMAP) (Pre 31/10/2004) - Paper 1 |
20, 21 |
3 |
|
Certificate in Mortgage Advice and Practice (Post 01/11/2004) - Paper 1 |
20, 21 |
3 |
|
Certificate in Mortgage Advice and Practice (CeMAP) (Pre 31/10/2004) |
20, 21, 22 |
1 |
|
Certificate in Regulated Equity Release (Formerly known as Certificate in Lifetime Mortgages) |
21, 22 |
1 |
|
23 |
4 |
||
23 |
5 |
||
23 |
6 |
||
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 |
|
Institute of Financial Planning |
Certified Financial Planner |
4 and 6 |
b |
Fellowship |
|||
Insurance Sector Education and Training Authority |
National Diploma: Financial Services Long-Term Risk Assessment |
7 |
2 |
Investment Management Association |
Investment Administration Management Award |
15, 16, 17 |
6 |
Investment Property Forum |
IPF Certificate in Property Investment |
14 and 10 |
2 |
Japanese Bankers Association |
Registered Representative of Public Securities Examination (pre-April 1990) |
8 |
2 |
Representative of Public Securities Qualification - Class 1 |
|||
Japanese Securities Dealers Association |
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 |
Representative of Public Securities Examination (pre April 1990) |
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 |
Lloyd's |
Lloyd's and London Market Introductory Test (Formerly the Lloyd's Introductory Test) |
9 |
1 |
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 |
|
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) |
|||
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 |
The Securities Analysts Association of Japan (SAAJ) |
CMA Level 2 (for individuals advising before 30 June 2009) |
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 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 |
||
University of the West of England |
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) |