X

DPB meaning in Accounts and Finance ?

( 5 )  .  1 Rating
1921 views   .  0 comments  .   . 

Download Solution PDF

Answer: What is Designated Professional Body mean?

According to the UK Financial Conduct Authority (FCA), a dedicated professional body is one designated by the Treasury under section 326 of the Act (Designation of professional bodies) for the purposes of the Act (Provision of Financial Services by Members of the Professions).

The following professional bodies have been designated in the Financial Services and Markets Act 2000 (Designated Professional Bodies) Order 2001 (SI 2001/1226), the Financial Services and Markets Act 2000 (Designated Professional Bodies) (Amendment) Order 2004 (SI 2004/3352) and the Financial Services and Markets Act 2000 (Designated Professional Bodies) (Amendment) Order 2006 (SI 2006/58):

The Law Society of England & Wales;The Law Society of Scotland;The Law Society of Northern Ireland;The Institute of Chartered Accountants in England and Wales;The Institute of Chartered Accountants of Scotland;The Institute of Chartered Accountants in Ireland;The Association of Chartered Certified Accountants;The Institute of Actuaries;The Council for Licensed Conveyancers; andThe Royal Institution of Chartered Surveyors.

Under Section 325(4) of the FSMA, Designated Professional Bodies are required to cooperate with the FCA in a number of ways, including information sharing, in order for the FCA to be able to perform its functions.

reference

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.




Give Rating
Report
Write Your Comments or Explanations to Help Others
Comments(0)





Miscellaneous in Accounts and Finance
Miscellaneous in Accounts and Finance

Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Explore Other Libraries

X

Important Accounts and Finance Links





Copyright (c) 2021 TuteeHUB

OPEN APP
Channel Join Group Join