Who are the members of the DPBs?

The members of the Designated Professional Bodies (DPBs) primarily consist of accountants and lawyers. These groups are recognized as having the necessary expertise and regulatory frameworks in place to adhere to the standards and codes of conduct set forth by the Financial Conduct Authority (FCA) in the UK. Their professional training equips them with the ability to evaluate and assess compliance, conduct ethical financial practices, and provide competent advice based on legal and financial regulations.

The focus on accountants and lawyers reflects their roles in ensuring governance and professional standards in financial services, which are vital for the integrity of the market. By including these professionals, the DPBs can effectively oversee their respective fields and uphold a high standard of practice in relation to financial transactions and regulations.