FSA chief executive Hector Sants says the regulator does not have a “formal plan” to raise the minimum adviser qualification to QCF level six.
Giving evidence in front of the Treasury select committee this afternoon, Sants (pictured) was asked if the FSA has any plans to raise the new QCF level four qualification benchmark to level six, or degree level, in the future.
Sants said: “I would not say there is a formal plan.”
Sants said the FSA’s position on qualifications has not changed since his last appearance before the TSC, when he said adviser qualifications will be kept under review.
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