Lesson 4 of 4 · All lessons in this module
This lesson is part of the 2027 curriculum. You are following the 2026 curriculum, where it is not taught in this form. Switch if you are sitting the exam under the 2027 curriculum.
Lesson 4 of 4 · 12 min
Standard IV cases: notice periods and supervision (2027 additions)
The 2027 text draws sharper lines around what you may say to clients once you have given notice, and adds supervision cases on branch suitability controls and price quotes.
In short
- A resignation letter does not end loyalty. The relationship generally ends once you are no longer paid or no longer have responsibilities at the firm.
- After giving notice you may tell clients you are leaving and name your new firm. You may not give new-firm contact details, describe its services or otherwise promote it without your employer's permission.
- You cannot promote the new firm in the name of protecting clients, and you must not disparage your employer in a way that could harm it. If practices are so egregious that they harm clients, resign first, then notify former clients or others.
- Listed violations now include unauthorised use of trade secrets or firm property and explicit or implicit solicitation or promotion of the new employer before employment ends.
- Supervisors include compliance heads and chief executives. New IV(C) cases: a compliance officer who left branch advisers without suitability procedures, and a chief executive who knew about price quotes but set no policy.
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