Manual SPS renewal process
Please complete the manual SPS renewal form and return it with all required
accompanying evidence by email to spsapplications@cisi.org or
post to:
SPS Applications Department,
Chartered Institute for Securities & Investment,
20 Fenchurch Street,
London EC3M 3BY
SPS Application Form
Please note there is a £25 administration fee for processing manual
renewal applications. The £25 administration fee is waived for any
applicant that is applying for a Basic SPS due to statutory leave or applicants
where this option has been waived by the CISI due to extenuating circumstances.
Please note it is the responsibility of advisers to ensure they apply for their
SPS renewal before their current SPS expires. We will accept SPS applications up
to 2 months before your SPS expires.
Applicants will receive notification via email when the CISI has received the
application form. If you have sent your form to the CISI and you have not
received email confirmation of receipt within five working days please contact
us.
Processing Timescales
The standard processing timescale for all SPS applications is up to fifteen working
days from the date of receipt. If the applicant requires additional RDR
specialist areas to be added to their SPS approval, then this application will
take an additional ten working days to process. Please note that you can, and
are advised to, apply for additions to your specialist areas in advance of
renewing your SPS application wherever possible.
SPS and CPD during permitted Continuous Absence
If you have been absent from work and unable to meet the required 35 hours of
Advisory CPD, your firm is permitted to suspend the requirements of TC 2.1.17R
in respect of a retail investment adviser for the period of time during which
the retail investment adviser is continuously absent from work, if that absence
is due to:
- maternity, paternity and parental or adoption leave.
- long-term illness or disability.
- caring responsibilities for a family member who has a long-term
illness or disability; or
- any other absence allowed in order for the firm to meet its statutory
duties in relation to equality and diversity.
When opting out of meeting the CPD requirement, there are 2 options available at the time of
submitting your manual application form:
Option 1 – 6 months or longer
- opt out of meeting the CPD requirements due to permitted leave,
- with the agreement of the employer.
- Section:5a checkbox3, SPS application form.
Option 2 – less than 6 months
- CPD will be applied pro rata on an annual basis.
- email: spsapplications@cisi.org requesting this
with manual application form and agreement from employer.