From Monday 15 March 2021, anyone who offers financial advice to retail clients must either hold a transitional financial advice provider licence, or be engaged by a licenced financial advice provider.
To see the steps you need to take to apply for a transitional licence, choose a category below:
You don’t need to apply for a transitional licence.
However, from the start of the new regime, you must be registered on the FSPR and engaged by a licensed Financial Advice Provider (FAP) or authorised body.
If you're an Authorised Financial Adviser (AFA) or Registered Financial Adviser (RFA), the Companies Office will automatically transition you to the new category of "Financial Adviser" on the FSPR at the start of the new regimeon Monday 15 March 2021.
Once the new regime starts, you will need to:
Check that the licensed Financial Advice Provider that has agreed to engage you, links to your registration on the FSPR to show this.
They will have three months from the start of the new regime to do this or you will automatically be de-registered from the FSPR.