Chapter 15

Question 1

A member in employment has a professional obligation to comply with what professional rules and practice guidelines (PRPG)?

Answer 1

• The fundamental principles
• All obligations in Chapter 2 as states:
• The requirement to have PII wouldn’t apply
• If the employer is in the regulated sector, the employee must comply with the UK’s AML legislation
• If a member works in tax, they must comply with the CPD requirements

Question 2

What is meant my - Members in employment - other?

Answer 2

Broadly refers to a member who work for a company in a sector other than C&I

Question 3

If a member in employment provides tax services on a paid basis, which obligations should they make sure they comply with?

Answer 3

PII & AML

Question 4

If the employer is in the regulated sector, the employee must comply with the UK’s …… legislation

Answer 4

AML

Question 5

If a member works in tax, they must comply with the ….. requirements

Answer 5

CPD