Competence compliant
Q. How do I keep up and with the changes to training and competence rules?
Back in January 2005, when Financial Services Authority statutory regulation was introduced, there was a feeling that it would be just the beginning of the process, and so it has proved. Regulation adapts according to the regulatory climate, the dynamics of the market and the effect that rules have both on firms and on the customers whose interests they are designed to protect.
With regard to training and competence (T&C) there will indeed be some changes, effective from 1 November, as there
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