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The way you apply for an SPS will be changing

News article

Publication date:

21 November 2019

Last updated:

21 November 2019

Author(s):

Personal Finance Society

Anyone who applies for an SPS from the 9 December 2019 until December 2020 will notice a small change in the way the application works.

This is because some advisers who start to practise from 9 December 2019 will not have an Individual Registration Number (IRN) until the FCA’s new directory is up and running in December 2020. This is a result of some transitional changes which are taking place as part of the FCA’s new Senior Management and Certification Regime.

As a result, instead of being asked about ‘your certifying body’ and being given a choice between ‘The FCA’ or ‘Your employer, if you work for a bank or building society’, you will be asked a slightly different question.

You will be asked ‘What firm do you work for?’ and will have a choice between ‘A bank or building society’ or ‘An Advice Firm; Other’.

Anyone who is working for the same firm as last year, and who provided their IRN as part of the SPS application process, should click on ‘An Advice Firm; Other’ and follow the instructions in the application.

If you have any questions, please contact our Customer Service team.

This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.