Renew your Statement of Professional Standing

CISI members who hold a Statement of Professional Standing (SPS) can renew their SPS simply and easily. Through our online renewal system members can put through a renewal application quickly, without any need for paper. For those who cannot renew online, a manual SPS renewal form can be completed.

Online Renewal

You can now renew your SPS online using the SPS Renewal System which can be accessed via MyCISI. You will need your login details to access this area of the website. Renewing online will ensure you get instant confirmation of your renewal and if your firm is a verifier, they can track the progress of your application. Guidance on how to renew can be found here.

All SPSs can be renewed up to 60 days prior to the expiration of an SPS and all individuals will be provided with reminder emails in advance of this.

In order to renew your SPS, you must ensure you meet the following requirements:

  • Be a Retail Investment Adviser as defined by the FCA
  • Hold an Active FCA number (if applicable)
  • Have completed 35 hours RDR relevant Continuing Professional Development (CPD) on the CISI CPD Scheme or CISI Accredited CPD Scheme (Please note CPD completed must be within  three months before your SPS renewal date)
  • Confirmation of Adhered to the FCA Statement of principle and code of practice for approved persons (APER) or if a Retail Authorised Person complied with the COCON requirements
  • Confirmation of Adherence to the CISI's Code of Conduct
  • Agree to SPS terms and conditions
  • Apply before your SPS expires
Renew Online Now 

If you have any questions or concerns about the application process, please email rdr@cisi.org.

Costs

Application Type Price
Member – paying for SPS in advance with a membership subscription. £20
Member - paying for SPS at application. £30
Non-member who is an Employee of a CISI Corporate Supporter. (Members of the CISI who work for Corporate Supporters will be eligible for member rates detailed above.) £125

Due to a recent change in interpretation of guidance on VAT from HRMC, we are no longer required to charge VAT on SPS fees

Adding RDR specialist areas

The CISI can add specialist areas to an adviser's SPS once this has been issued. There are two ways to do this:

  • Adding a specialist area at the SPS renewal - there is a section in the renewal form to add the area and advisers just need to attach evidence of the additional gap fill or qualifications.
  • Adding a specialist area during the current SPS year. Advisers need to email evidence of the additional gap fill or qualifications to rdr@cisi.org asking for this additional area to be added to the SPS. A new SPS will not be issued as the SPS does not outline the specialist areas, however the CISI system will be updated and this will be available to the FCA.

Please note that advisers can, and are advised, to apply for additions to specialist areas in advance of renewing their SPS wherever possible. Please click here to determine qualification and gap-fill requirements for specialist areas.

Manual renewal

You will be unable to use the online SPS system and will need to complete a manual SPS application form if you:

  • de-registered from the FCA register and have a gap within your renewal
  • currently hold your SPS with another provider but wish to renew with the CISI
  • are realigning your SPS date
  • have been on long term leave due to sickness/maternity
  • SPS has expired
  • are applying for an initial SPS.

Information on our manual SPS renewal process

SPS renewal user guide

Terms & Conditions

Please ensure you are familiar with the following terms and conditions before making or renewing an SPS application.

SPS Terms & Conditions
RDR CPD Requirements
SPS Disciplinary Process - This policy relates to discipline in relation to the CISI’s SPS decisions, in accordance with the UK Regulator’s requirements.
SPS Appeals Process - This policy relates to appeals in relation to the CISI’s SPS decisions, in accordance with the UK Regulator’s requirements.