If I pass the FPC/CeFA/CeMAP can I set up as an adviser/mortgage broker?
You must pass an Appropriate Exam if you are going to give investment advice, advise on regulated standard mortgage contracts (other than for a business purpose) or advise on regulated lifetime mortgage contracts. The firm can select the exam from our list of Appropriate Exams – see Question 1 above. You will be able to see from our list if the above exams are regarded by us as appropriate for the activity in question. If advising private customers, you would need to pass the relevant regulatory module of an Appropriate Exam before starting to advise under supervision. You would also have to be authorised by the FSA, if you were going to give investment advice or advise on regulated mortgage contracts. For questions on regulation of investment advice or mortgages, you should contact the FSA. See the bottom of the page for contact details.
You must pass an Appropriate Exam if you are going to give investment advice, advise on regulated standard mortgage contracts (other than for a business purpose) or advise on regulated lifetime mortgage contracts. The firm can select the exam from our list of Appropriate Exams – see Question 1 above. You will be able to see from our list if the above exams are regarded by us as appropriate for the activity in question.
