FSA director of investment firms David Kenmir has been appointed to the board of the Financial Services National Training Organisation which governs the Financial Services Skills Council.
Many believe the move is aimed at enabling the regulator to more closely monitor the progress of the organisation.
Aifa director general Paul Smee believes Kenmir's main function will be to ensure that the industry's exams review remains a top priority.
Smee says: “I am sure Kenmir is there to ensure the exams review is not overlooked in the broader scheme of what the organisation is doing.”
It is believed that Kenmir is moving to the position of sector leader for retail intermediaries and is to take on responsibility for the management of the FSA's IFA communication and contact centres.
FSSC spokeswoman Victoria Robinson confirmed Kenmir's appointment as an observer on the FSNT board but she says the organisation would not comment on board appointments. She says: “We do not have our full licence as a skills council yet and will not comment on board appointments until we get the licence.”
FSA spokeswoman Kate Bristowe says: “The Skills Council invited us to place a representative on the board and David is our representative.”