Standard condition on business continuity and technology systems now extended to other licensed entities
FAPs are already required to comply, but starting from 1 July 2024, other licensed entities will also be affected by the new standard condition. This new licence condition will focus on business continuity and technology systems. It will apply to the following types of market service licences: What is the new standard condition? The new […]
Adviser qualifications: time for a check up
FAPs are rapidly evolving to provide a broader service offering to clients. This is a logical move as research shows clients want to simplify their finances and deal with fewer firms. Providing a holistic advice service within a FAP will help substantiate the fees charged to clients. Code Standard 8 of the Code of Professional […]