Section 328(7)

In considering whether it is satisfied of the matter specified in subsection (6)(a), the FCA must have regard amongst other things to the effectiveness of any arrangements made by any designated professional body— for securing compliance with rules made under section 332(1); for dealing with complaints against its members in relation to the carrying on by them of exempt regulated activities; in order to offer redress to clients who suffer, or claim to have suffered, loss as a result of misconduct by its members in their carrying on of exempt regulated activities; for co-operating with the FCA under section 325(4).

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Source: legislation.gov.uk · retrieved 2026-09-04