They will need to pass an appropriate examination if they are carrying out an activity that is shown in Training and Competence (TC) Appendix 4 and is subject to exam requirements.
Please note there are no exam requirements for giving basic advice and advising on non-investment insurance contracts.
This is up to your firm - our rules (if an exam is necessary) simply require an appropriate examination to be passed. You can find our list of appropriate qualifications in Training and Competence (TC) Appendix 4
Advisers that give retail investment advice need to obtain a modernised Level 4 qualification by 31 December 2012.
New recruits from overseas do not have to pass each module of the appropriate examination, if they have:
As a sole trader you are still required to prove you have met our monitoring requirements. It is obviously difficult for you to monitor your own performance objectively; you can do this by using a variety of training and assessment methods for developing competence, such as:
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