What do the transitional licence standard conditions mean for you and your business?
All those who apply for a transitional FAP licence will need to abide by two standard conditions (Record Keeping and Internal Complaints Process) in addition to meeting all the other FAP obligations. A transitionally-licensed FAP will need to be meeting these standard conditions by 29 June 2020.
At a quick glance, these appear to be simple things to agree to but for many advisers, this is the first time they have made an undertaking to the FMA. Our guidance note has been developed to help all applicants understand the implications of these standard conditions and tips for how to meet them. Download your free copy now.