The changes, which will affect CeMAP and Certificate in Regulated Equity Release qualifications, will come into effect from 1 November, on the back of planned changes to the FSA Handbook, introduced on the same date.
Revised syllabuses for affected areas will be available to students from the middle of October.
Mark Roberts, head of financial regulation at the ifs School of Finance, said: “It’s important that we ensure students have access to updated materials so that they are aware of the new regime and can take these changes into account when planning their studies. Where students have a current registration, the materials will be available as a free download. We will be writing to all our students between now and mid-October to make them aware of how these changes may affect them.”
Richard Fox, chief executive of the Society of Mortgage Professionals, believed the changes would not affect students too much but brokers must be aware of them.
“The guidance will be the same but the rules will be simplified so it shouldn’t be too much of a problem. But this not only applies to new students. Existing brokers must also keep up-to-date with the changes.”
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