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  • TC-1.2 TC-1.2 Continuous Professional Development Training ("CPD")

    • CPD

      • TC-1.2.1

        All individuals holding controlled functions in a conventional bank licensee must undergo a minimum of 15 hours of CPD per annum.

        October 2013

      • TC-1.2.2

        A conventional bank licensee must ensure that an approved person undertaking a controlled function undergoes appropriate annual review and assessment of performance.

        October 2013

      • TC-1.2.3

        The level of supervision should be proportionate to the level of competence demonstrated by the approved person. Supervision will include, as appropriate:

        (a) Reviewing and assessing work on a regular basis; and
        (b) Coaching and assessing performance against the competencies necessary for the role.
        October 2013

      • TC-1.2.4

        Supervisors of approved persons should have technical knowledge and relevant managerial skills.

        October 2013

    • Record Keeping

      • TC-1.2.5

        A conventional bank licensee should, for a minimum period of five years, retain records of:

        (a) The annual training plan for each controlled function;
        (b) Materials used to conduct in-house training courses;
        (c) List of participants attending such in-house training courses; and
        (d) Results of evaluations conducted at the end of such training courses.
        October 2013