Apply for a Statement of Professional Standing
To apply for an SPS individuals must be a
Retail
investment adviser as defined by the FCA
and meet the following requirements:
- Hold an active FCA profile on the FCA Directory
- Be an adviser who carries on
FCA activities 2, 3, 4, 6, 12 or 13
- Be certified on the FCA’s register in [FCA CF] Functions requiring
qualifications or CF30 (if appointed representative)
- Attained an appropriate RDR qualification and completed the relevant
gap-fill (where appropriate. In order to use gap-fill with a CISI
qualification it must have been lodged with the CISI prior to 1st January
2021). Certified
evidence
is required for non-CISI qualifications.
- Agreed to
SPS
terms and conditions
- Compiled with the
COCON
requirements (or Adhered to
APER
applicable to Appointed Representatives only)
- Signed up to the CISI
code of
conduct
We will only accept applications from CISI members (excluding Student
members). The SPS start date must be within three months of your CISI CPD year
end date, so we can ensure that the CPD undertaken is current and relevant. If
your CPD year does not end within 92 days prior to your SPS start date, we
will realign your CPD year to a date that best suits.
Application process
SPS Application Form
Renew your SPS Certificate - for current CISI SPS holders
Please return the form with all required accompanying evidence to spsapplications@cisi.org, or post to SPS Applications Department,
Chartered Institute for Securities & Investment, 20 Fenchurch Street, London EC3M 3BY.
After
submitting your application, you will be directed to a confirmation page. If you have submitted your form to the
CISI but have not received an email confirmation within 10 working days, please contact us.
Costs
| Application Type | Price |
| Initial Application for individuals that have never held an SPS with CISI or any other professional body | £52 |
| Renewal Application when paid | £39 |
| Renewal Application when paid in advance with your CISI membership renewal | £36 |
| SPS Administration Fee for Manually Submitted Renewal Applications | £25 |
Selecting your SPS Date
Please find below a few things you would need to keep in mind when selecting your SPS date:
Your SPS date needs to be:
- Set after passing your appropriate qualification/gapfill
- Need to be within three months after your CPD year-end date
If advisers are moving between employers, we would only expect an SPS to be applied for once a firm has signed them
off to undertake their role as an Retail Investment Adviser or if applicable their CF30 status is active.
Processing Timescales
We will aim to issue SPSs within 10 working days of receipt of an application as long
as
all the required information and accompanying evidence has been provided. If information or accompanying
evidence has been omitted from the application and we need to request more information from the adviser, the SPS
may take longer to process. Advisers must ensure they meet the SPS requirements before they apply.
Due to the high level of incomplete or inaccurate SPS application, individuals now will be advised by email that
their application is unable to be processed and will be given three days to supply the missing documentation.
Regrettably, if this information is not received by the end of the third day, the application will be returned,
unprocessed.
Guidance for completing your SPS
To assist with the completion of the form, the Institute has developed
information about
commonly made mistakes.
SPS Policies
To view the SPS terms and conditions please click
here.
SPS
Appeals Process Policy
SPS
Disciplinary Process Policy
SPS Verification / Superuser
As of 9th December 2019 all SPS applications required verification by a
nominated firm verifier. However, since 2022, SPS verification has become
optional.
Should you or your firm want to register a verifier, please complete the
verifier
application form
and return this to the SPS team at
spsapplications@cisi.org.
Please see below for more information on SPS verifiers:
- Firms can nominate as many verifiers as they wish.
- An adviser cannot verify their own application.
- It is recommended that verifiers work in the Training and Competence, HR or
Compliance department and are suitably knowledgeable and responsible persons
to undertake SPS verification.
Alternatively, if you or your firm do not require SPS verification/superuser
please email the SPS team at
spsapplications@cisi.org, and we
will organise the removal of these permissions accordingly.
Questions
To support you in your SPS application or renewal, the CISI has compiled a
list of
frequently asked questions.
If you have any questions or concerns about the application process, please
email SPSApplications@cisi.org.
If you are unsure whether you hold an RDR compliant qualification, please
email rdr@cisi.org.