FSA publishes RDR Newsletter August 2012
31 August 2012
The FSA has published Issue 7 of its Retail Distribution Review newsletter, the penultimate edition before 'RDR-day'.
This issue covers:
• the importance of holding the right permissions;
• templates for disclosure documents;
• information about gap-fill requirements for structured products;
• a reminder about the FSA's process for waivers to RDR requirements; and
• the FSA's final guidance on replacement business and centralised investment propositions.
Gap-fill and structured products
Some people seem unsure about what kind of gap-fill is needed to advise on structured products, single company enterprise investment schemes and single company venture capital trusts. Gap-fill should cover the parts of the examination standards missing from the appropriate qualification – focusing on the current activity, not specific
products. So an adviser on packaged products only needs to do gap-fill for that activity.
The gap-fill to be completed is based on the activity under the current Training and Competence (TC) sourcebook.
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