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What is the ICAEW Traffic Light Guide for investment business?
Category: ICAEW & RQ
The <a href="https://www.icaew.com/-/media/corporate/files/regulations/dpb-investment-business-licence/icaew-traffic-light-guide-to-investment-business-activity.ashx" target="_blank" rel="noopener noreferrer" class="text-[#0073cc] hover:underline">ICAEW Traffic Light Guide</a> is a practical decision-making tool to help accountancy firms assess whether their activities constitute regulated investment business. Activities are categorised as: - **Green** – Activities that are clearly not regulated and do not require a DPB licence, such as general information provision or simple referrals - **Amber** – Activities that may or may not require a licence depending on the specific circumstances and should be assessed carefully - **Red** – Activities that clearly constitute regulated investment business and require either a DPB licence from ICAEW or FCA authorisation The guide covers common scenarios including pension advice, investment discussions, and referral arrangements. It is an essential resource for compliance officers and partners.