INDI Part 5.1 Principles for training and competency

Guidance

Individuals who perform controlled functions or the customer-facing function need to have the appropriate competency elements of skills, knowledge and experience. Individuals having these competency elements strengthen the protection given to customers and stakeholders. Authorised firms need to prudently manage the risks that may arise as a result of individuals performing a controlled function or the customer-facing function.

Amended by QFCRA RM/2019-4 (as from 1st January 2020).