I have just been offered a job as a trainee trader and now just concerned that in order to register with the FSA if I was in overdraft would this be a problem, it is a student account. I dont have any debts or ccj's. What other criteria are required to be registered with the FSA.
TWI
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If you take the exams and pass and you pay your money you will get registration. As to what the FSA will register you as depends on what you are trying to register as and what regulation the company can hold . Whether you have an overdraft is not an issue unless you have defaulted on debt obligations and legal action has been or is being taken. So just get into the past paper book and start grafting.
I thought "fit and proper person" applied. I can't see how an overdraft would come into that.
Have a trawl around their site
http://www.fsa.gov.uk/
Have a trawl around their site
http://www.fsa.gov.uk/
Airthrey Capital
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An overdraft is no problem. As long as you have not been made bankrupt, defaulted on loans etc.
The thing about FSA application is to be as honest as possible and declare all your defaults, loan arrangements etc.
I have been FSA registered many times, including when I have had overdrafts.
I also know of people who have had ccj's, declared the fact to the FSA, got their employer to clear the debt, and then FSA agreed approval / registration.
Just be honest with your application. If you don't declare everything on your application, FSA will do a background check, and if they find anything you haven't admitted to, you will not be registered because you are a dishonest person.
The thing about FSA application is to be as honest as possible and declare all your defaults, loan arrangements etc.
I have been FSA registered many times, including when I have had overdrafts.
I also know of people who have had ccj's, declared the fact to the FSA, got their employer to clear the debt, and then FSA agreed approval / registration.
Just be honest with your application. If you don't declare everything on your application, FSA will do a background check, and if they find anything you haven't admitted to, you will not be registered because you are a dishonest person.
marketmakers
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FSA Reg
Hello Vics
Do you know the the process and how to become FSA reg. I have contacted FSA but keep fogging me off.
Would you know the web link and appication form as I cannot find it.
the answar to your question about an Overdarft is you can be overdrawn, but without ccj's, daulfts. You will have to pass a credit check first.
Please could you provide me the link.
Markatmakers
VicS said:
Hello Vics
Do you know the the process and how to become FSA reg. I have contacted FSA but keep fogging me off.
Would you know the web link and appication form as I cannot find it.
the answar to your question about an Overdarft is you can be overdrawn, but without ccj's, daulfts. You will have to pass a credit check first.
Please could you provide me the link.
Markatmakers
Marketmakers
You may find this webpage handy if you have not already viewd it
http://www.securities-institute.org.uk/web/Infopool.nsf/HTML/index
Or Securities Examinations Bookings: 020 76450680
But you must register with the Securities Institute
You may find this webpage handy if you have not already viewd it
http://www.securities-institute.org.uk/web/Infopool.nsf/HTML/index
Or Securities Examinations Bookings: 020 76450680
But you must register with the Securities Institute
