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BSI BS 8577:2012

Framework for the provision of financial advice and planning services. Specification
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BSI BS 8577:2012

Framework for the provision of financial advice and planning services. Specification

PUBLISH DATE 2012
PAGES 20
BSI BS 8577:2012

This British Standard specifies requirements for organizations offering financial advice and planning services.

It applies to organizations or departments offering personal, corporate or business financial advice and/or planning services (e.g. distribution organizations, banks, building societies, whether independent or restricted) which operate, where applicable, within a regulated environment and recognized redress system. It is intended for implementation throughout the organization. It provides a structure to assist organizations in creating an environment that enables its personal financial planners (regardless of their employment status) to comply with the requirements of BS ISO 22222.

NOTE Examples of recognized redress systems are those operated by the Financial Ombudsmen Service and the Financial Services Compensation Scheme (FSCS).

For organizations that do not offer personal financial planning services as outlined in BS ISO 22222, this British Standard provides an operational framework against which they can be assessed.

SDO BSI: British Standards Institution
Document Number 8577
Publication Date April 30, 2012
Language en - English
Page Count
Revision Level
Supercedes
Committee W/-
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