the employee engages in or oversees the activity while under appropriate supervision; or
the employee has been assessed in accordance with TC 2.4.5 R as competent to engage in or oversee a particular activity, but then engages in or oversees in a different activity, then the employee is appropriately supervised until assessed as competent in that new activity.
- (1) 32
- (2) 32
In TC 2.4.2R (1)(b)6an adequate level of application of knowledge and skills includes:6
specific knowledge of the firm's relevant systems and procedures, and of the kinds of designated investment business14,7regulated mortgage activities and home reversion activities7 carried on by the firm; and7
appropriate skills in analysing private customers' needs and circumstances when applying relevant knowledge.
the activity of a broker fund adviser; or
the activity of a pension transfer specialist;
- (1) 3
- (2) 32
A firm should ensure that its assessments take into account: