2017-02-02
The regulator issued this January 2017 guidance under Rule 8.5 of the Financial Services Act 2008 to establish minimum Continuing Professional Development requirements. Professionals must complete a minimum annual target of 25 hours, with at least 60% of this time dedicated to structured activities such as training courses, workshops, and seminars. The remaining unstructured portion, capped at 40%, may consist of activities like reading trade magazines, studying, or participating in staff training and mentoring.