Registering for supervision

With whom do I register for supervision?

All members of CIMA, whether acting as 'external accountants', tax advisers, trust and company service providers (TCSPs) or other capacities  listed in the Money laundering regulations 2007, are expected to register for supervision with CIMA, unless they are also members of another professional body listed in the regulations (Schedule 3 – see below for alphabetical list).

A member who is an employee (unless he is also the proprietor, a partner or a director of a firm) is not required to register under the regulations. If you are a proprietor, partner or a director of a firm which has chosen to register with another supervisory authority because a majority of partners belong to another professional body listed, or because it is supervised for audit or insolvency purposes by another body, that other body may accept you for supervision, but you should advise CIMA that this is the case.

The usual formula in deciding with which supervisory authority you should register is to choose the body which has the higher level of qualification. This has been agreed between the accountancy and taxation professional bodies listed.

It should not be necessary for a member of CIMA to register with HMRC under any circumstances, nor to register with more than one supervisory authority. Please contact prof.standards@cimaglobal.com if you have further doubts or questions.

Schedule 3 - Regulations 17(2)(b),23(1)(c) and 32(4)

Professional bodies

Part 1
1. Association of Chartered Certified Accountants
2. Council for Licensed Conveyancers
3. Faculty of Advocates
4. General Council of the Bar
5. General Council of the Bar of Northern Ireland
6. Institute of Chartered Accountants in England and Wales
7. Institute of Chartered Accountants in Ireland
8. Institute of Chartered Accountants of Scotland
9. Law Society
10. Law Society of Scotland
11. Law Society of Northern Ireland

Part 2
12. Association of Accounting Technicians
13. Association of International Accountants
14. Association of Taxation Technicians
15. Chartered Institute of Management Accountants
16. Chartered Institute of Public Finance and Accountancy
17. Chartered Institute of Taxation
18. Faculty Office of the Archbishop of Canterbury
19. Insolvency Practitioners Association
20. Institute of Certified Bookkeepers
21. Institute of Financial Accountants