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 Glossary   >   R   >   "Recognised Professional Body" Definition   

        Recognised Professional Body

A body which regulates the practice of a profession such as the Institute of Chartered Accountants, The Law Society, the Institute of Actuaries and the Insurance Brokers" Registration Council.Companies which are members of such bodies may be authorised by their RPB to conduct investment business via powers delegated by the Financial Services Authority (FSA). Those companies may currently conduct investment business up to a limit of 20% of their income from their main practice.

Recognised Professional Body


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Recognised Professional Body - A body which regulates the practice of a profession such as the Institute of Chartered Accountants, The Law Society, the Institute of Actuaries and the Insurance Brokers" Registration Council.Companies which are members of such bodies may be authorised by their RPB to conduct investment business via powers delegated by the Financial Services Authority (FSA). Those companies may currently conduct investment business up to a limit of 20% of their income from their main practice.


Recognised Professional Body : a body which regulates the practice of a profession such as the institute of chartered accountants, the law society, the institute of actuaries and the insurance brokers" registration council.companies which are members of such bodies may be authorised by their rpb to conduct investment business via powers delegated by the financial services authority (fsa). those companies may currently conduct investment business up to a limit of 20% of their income from their main practice.