The FCA requires that all retail investment advisers hold a Statement of Professional Standing (SPS).
An SPS can only be issued by an FCA appointed accredited body, such as the Chartered Insurance Institute (CII), and confirms that an adviser:- Has adhered to a code of ethical standards
- Holds the required qualifications for the activities they undertake; and
- Has completed appropriate CPD and complied with APER (Statements of Principle and Code of Practice for Approved Persons)
valid until 31 January 2015
