Unit Standard No.12164Page 76
This is an entity (usually a representative body), which applies to the FSB to become a recognised body, it’s function being to assist in the licencing of FSP’s.
In order to become a recognised body, representative and membership bodies will have to make an application (special form to apply to be a “recognised body), containing all the details and infrastructure information about the organisation. Once this application form is looked at, the FSB makes a decision and if it is accepted, then the organisation gets approved as a “recognised body” and may act as an agent on behalf of the organisation applying to become an authorised FSP, in submitting the licence to the FSB on the FSP’s behalf.
As can be seen from the diagram, the FSP can either go directly to the FSB to be
licenced as an Authorised Service Provider, or go via a Recognised Body.
INSMAT final materials31/10/03