Regulatory Alerts2022-09-27
Added · Updated
Guide to Enhanced Competency Framework on Compliance
The Hong Kong Monetary Authority issued this guide to establish the Enhanced Competency Framework on Compliance, a non-statutory framework designed to define core competencies for banking practitioners in Hong Kong. It outlines qualification standards, including specific training modules and examinations, to certify practitioners as Associate or Certified Compliance Professionals based on their experience and role. The document details the scope of application, grandfathering arrangements for existing staff, and continuing professional development requirements to ensure a sustainable talent pool for the banking industry.
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