Statement of Professional Standing application
The FCA requires that all retail investment advisers
hold a Statement of Professional Standing (SPS) from 01 January
2013.
An SPS can only be issued by an FCA appointed accredited body,
such as the 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)
CII/PFS members advising on packaged products and/or
securities/derivatives can apply for their free CII SPS.
Eligibility criteria - please read before
applying
To be eligible for a CII SPS you need to satisfy the following
criteria:
1. Be a member of the CII/PFS
2. Hold either:
A. a qualification which meets the new RDR requirements in
full, e.g. CII Diploma in Regulated Financial Planning; or
B. a 'transitional qualification', e.g. the CII Diploma in
Financial Planning plus relevant gap fill which has been verified
by an accredited body If you need to complete gap fill, please
visit: www.cii.co.uk/gapfill.
Please note: If you have been recording your
gap fill on the CII Gap Fill Tool you will need to
submit your completed gap fill record for verification and
have received confirmation of this from the CII before you can
apply for an SPS - this can take up to 60 days.
3. Be an active retail investment adviser and have an
FCA Individual Reference Number.
