Regulatory Alerts2017-02-02
CPD guidance
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.
January 2017 Page 1 of 1 Financial Services Act 2008 Rule 8.5 - Continuing Professional Development Minimum Annual Target: 25 hours Unstructured – no more than 40% No more than Workbooks, Research, Studying, Exam Revision Trade Magazines, Industry Journals, Online News Services, TV Programmes Staff Training, Mentoring, Member of Board, Panel or Committee Structured – at least 60% At least Training Courses, Workshops, Seminars, Conferences Lectures, Exam Training Courses, Exams E-learning, Interactive Webcasts