04-14-2007, 08:07 PM
One thing which appeared to me in your question required further clarification.
There is no requirement for becoming FCA to open a firm. ACA can open the firm provided
- he has certificate of practice;
- he can register students in his name, for training only when he completes three years of practice.
However, an ACA becomes FCA after
- ten years from being an ACA, if he is in industry
- five years from being an ACA, if he is in practice
Practice here means that he has obtained certificate of practice and is engaged in it.
Regards,
Kamran.
There is no requirement for becoming FCA to open a firm. ACA can open the firm provided
- he has certificate of practice;
- he can register students in his name, for training only when he completes three years of practice.
However, an ACA becomes FCA after
- ten years from being an ACA, if he is in industry
- five years from being an ACA, if he is in practice
Practice here means that he has obtained certificate of practice and is engaged in it.
Regards,
Kamran.