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CPD read, test and log: FCA censures, crowdfunding and residence tax rules

The latest edition of Newsbrief counts as 1 hour of structured CPD and covers the regulatory and marketplace changes which took place during December 2013. Visit the Money Marketing CPD Centre to answer 10 multiple choice questions and complete this CPD activity.

Just click into your CPD Plan and you’ll find each month’s marketplace changes round-up in your activity list.

Not yet registered? Join for free today at and access over 35 hours of independent, accredited CPD learning content. 

Learning objectives (full list of ApEx standards covered below)

Learning objectives

By reading this edition of Newsbrief and completing the MCQ test online you will be able to: 

  • Keep up to date on the regulatory and market changes that have taken place in December
  • Understand the FCA’s governance on crowdfunding from the borrower’s perspective
  • Keep up to date with the role of the unemployment rate in the MPC’s decision on Bank Rate
  • Understand what the FCA sees as the main failings of firms censured in the last eight months
  • Understand the meaning of ‘secular stagnation’
  • Be aware of the expectations of defined ambition pensions
  • Understand the implications of crowdfunding regulation for borrowers
  • Understand the key lessons of the FTT’s recent residence tax decision
  • Be aware of the outcome of the FCA’s recent thematic review of asset managers using outsourced providers
  • Be aware of new moves to improve access to funding for SMEs



Financial services regulation and ethics

Investment principles and risk


Pensions and retirement planning

ApEx standards covered in this edition of Newsbrief:

Apex standards
Subject area Learning outcome and indicative content
Financial services regulation and ethics The FCA’s responsibilities and approach to regulation
  FCA’s statutory objectives
  How the retail consumer is served by the financial services industry
  – Obligations towards consumers and their perception of financial services
Investment principles and risk The macro-economic environment and its impact on asset classes
  – Main long-term UK and global socio-economic trends
  – Significance of monetary and fiscal policy
  – Overview of world economies and globalisation of markets
Taxation The UK tax system
  – The impact of taxes on individuals, trusts and their investments
  – Capital gains tax
Pensions and retirement planning Defined benefit schemes
  – Main types and variations of DB pensions



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