The scheme was rolled out to bankers two years ago and insurers a year ago but this latest extension affects almost every firm regulated by the FCA, and will replace the Approved Persons regime at very small firms and those with limited permissions, including sole traders to some of the largest global firms.
In the last chapter in a series of four, Auxillium CEO Mark Graves joins financial protection technical and industry affairs manager Johnny Timpson from Scottish Widows outline the implications for advisers.
Timpson says: “Act now. Don’t wait until December because there are steps you can take now.”
Watch the video in full [06:23] below: