INDI 5.3.3 Continuing professional development

An authorised firm must ensure that each individual who performs a controlled function or the customer-facing function receives sufficient continuing professional development, appropriate to the nature and complexity of his or her role, to ensure that he or she continues to have the competencies required to perform the function.

Examples of continuing professional development

1 in-house training
2 industry literature review
3 academic studies
4 obtaining professional qualifications
5 technical training for roles that are highly technical or that involve constant changes in legislation or regulatory practice.

Note The authorised firm's training and competency document must state its policies and procedures about continuing professional development (see rule 5.2.3 (2) (c)).

Derived from QFCRA RM/2014-5 (as from 1st January 2015)