The advisory group consists of the Financial Services Skills Council, the FSA, professional bodies, trade associations, HM Treasury and the FSA’s consumer and practitioner panels.
The three compulsory core units developed by the FSSC include financial services, regulation and ethics, personal taxation and investment principles, and risk.
On September 1, it will start a nine-week consultation that will include an online questionnaire and a nationwide programme of roadshows.
In September and October, the FSSC will start drafting standards for the specialist units that, together with the core units, will make up the exam.
FSSC director for skills and development Sarah Thwaites says: “We have worked closely with a wide range of industry representatives to ensure the draft units we are proposing will achieve the desired step-change.
“We are keen to encourage all practitioners to share their thoughts on the units throughout the consultation period.”