Ethical behavior includes compliance with the law and specific regulatory rules (CII, 2013), paraplanners need to be aware of relevant laws and regulations, including: the principles and the statements of conduct of the Financial Conduct Authority Principle for Approved 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) , Money Laundering Regulations (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 ethical standards and integrity, as well as act in the best interests 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 income and identity (CII, 2013). If the paraplanner has a role to play in the pricing of consultants, then the paraplanner must be aware of the anti-money laundering regulations and it is very likely that a paraplanner will be tasked with implementing these regulations (CII, 2013). Paraplanners are very involved in client identification procedures, ensuring there are 'acceptable' identity copies kept on file, therefore the paraplanner must have received appropriate training on client verification and identification (CII, 2013) Describe briefly the regulatory framework within which paraplanning operates. The National Occupational Standard (NOS) was developed in 2006 by the Financial Skills Partnership (int-comp, undated). The eighth and ninth parts describe the responsibilities of the paraplanner (CII, 2013), these include: fostering a dynamic working relationship… middle of the paper… obtained, this means that the product supplier facilitates payment and they will collect the right amount and at the right time (CII, 2013). Documentation You have received a set of documents on key features to help you decide which pension product to have. If you have any questions about the key feature documents or anything regarding this suitability report, please feel free to contact us. This document must be kept together with the client contract and these documents were given to you during your last meeting. Review I would like to thank you both for seeking advice from this company. I have identified your goals and hope that the options available to you presented in this report help you decide the best way to meet your retirement needs. If you have any questions, please contact the company immediately. Kind regards, JDFS Financial Services