FSA: 30-month rule applies to RDR requirements

In its latest RDR newsletter, the regulator said a number of firms had sought a clarification on the rule. It said: "The 30-month rule applies to most but not all RDR activities. We expect this will only impact a small number of individuals but please contact us if this causes any concern. "For most activities, a retail investment adviser must attain an appropriate qualification within 30 months of starting to advise. "The 30-month rule does not apply to advisers who intend to both advise on and deal in securities and derivatives because they cannot start these activities until the...