Before revision: According to the UK Financial Conduct Authority (FCA), a designated professional body is one designated by the Treasury under section 326 of the Act (Designation of professional bodies) for the purposes of the Act (Provision of Financial Services by Members of the Professions).
After revision: According to the UK Financial Conduct Authority (FCA), a dedicated professional body is one designated by the Treasury under section 326 of the Act (Designation of professional bodies) for the purposes of the Act (Provision of Financial Services by Members of the Professions).