Ethical behavior includes compliance with the law and specific regulatory rules (CII, 2013), it is necessary for Paraplanners to be aware of relevant laws and regulations, including: business principles and statements from the Financial Conduct Authority. Principle for Authorized Persons (CII, 2013) and the Chartered Insurance Institute Code (CII Code) (CII, 2014) as well as the Data Protection Act 1998 (Data Protection GOV.UK, 2013), regulations on money laundering (Office of Fair Trading, 2009) and the Financial Conduct Authority's six fair treatment of customers outcomes (FCA, 2013). Paraplanners must act with the highest standards of ethics and integrity as well as act in the best interest of each client (CII, 2014). It is important for paraplanners to be aware of data protection law, as clients have the right to expect complete confidentiality about their personal lives, such as their income and identity (CII, 2013). If the paraplanner has a role in pricing advisors, then the paraplanner must be aware of anti-money laundering rules, and it is very likely that a paraplanner will be responsible for implementing these rules (CII , 2013). Paraplanners are very involved in client identification procedures, ensuring that there are “acceptable” ID copies kept on file. The paraplanner must therefore have received appropriate training on client verification and identification (CII, 2013). Briefly describe the regulatory framework within which paraplanning operates. The National Occupational Standard (NOS) was developed in 2006 by the Financial Skills Partnership (int-comp, no date). The eighth and ninth parts describe the responsibilities of paraplanners (CII, 2013), including: fostering a dynamic working relationship...... middle of paper ...... obtained, this means that the product supplier facilitates payment and that they will collect the right amount and at the right time (CII, 2013).DocumentationYou have received various documents with key features to help you decide which retirement product to choose. If you have any questions regarding the Key Features documents or anything about this suitability report, please do not hesitate to contact us. This document must be kept with the agreement of your client, and these documents were given to you during your last appointment. Review Thank you both for seeking advice from this company. I have identified your goals and hope that the options presented to you in this report help you decide how best to meet your retirement needs. If you have any questions, please contact the company immediately. Sincerely, JDFS Financial Services