What is the FSSC’s role in the qualifications change?
In the absence of a Professional Standards Board, the FSA has determined the level at which the new benchmark qualification should be set. The FSSC is developing the appropriate examination standards for the new core benchmark qualifications. The FSSC will consult for nine weeks from September to the end of October, and once examination providers have created new qualifications, the FSSC will produce and maintain on their website a revised list of appropriate examinations which satisfy these standards. We encourage investment advisers to respond to the FSSC’s consultation.