On 9 May 2017, the FCA published a policy statement setting out the outcomes of its review of the appropriate qualification exam standards (PS17/11).

The FCA published a consultation paper (CP16/24), in September 2016, setting out its proposals to revise the APPROPRIATE EXAM STANDARDS (AES) to reflect relevant developments since they had last been reviewed

The final revised AES are set out in Appendix 2 to PS17/11, and have been published on the FCA’s exam standards webpage.  

The FCA will keep the AES under review to ensure they remain up to date.

The FCA explains that the content of the AES is indicative and it expects that qualification providers will regularly review their qualification syllabi to incorporate relevant regulatory and legislative changes as appropriate.