This guide is for Authorised Financial Advisers (AFAs) and sets out the information to include in an Adviser Business Statement (ABS). The ABS describes your adviser business and the compliance arrangements you have in place so that your business operates professionally.
The main changes from the previous version of the guide have been to reflect recent changes to the Code and the addition of information regarding the eligibility criteria for AFAs providing Personalised DIMS under the Financial Advisers Act. Advisers providing Personalised DIMS will need to ensure that their ABS contains all of the required information with respect to Personalised DIMS. All other advisers should be mindful of the changes brought about by the amendments to the Code when they next update their ABS.
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