Assessing Competence
TC-2.1.6
Conventional bank licensees must not allow an individual to undertake or supervisecontrolled functions unless that individual has been assessed by theconventional bank licensee as competent in accordance with this Section.October 2013TC-2.1.7
In determining an individual's competence,
conventional bank licensees may assess if the person is fit and proper in accordance with Chapter LR-1A.October 2013TC-2.1.8
Conventional bank licensees must assess individuals as competent when they have demonstrated the ability to apply the knowledge and skills required to perform a specificcontrolled function .October 2013TC-2.1.9
The assessment of competence will be dependent on the nature and the level of complexity of the
controlled function . Such assessment of competence of new personnel may take into account the fact that an individual has been previously assessed as competent in a similarcontrolled function with anotherconventional bank licensee .October 2013TC-2.1.10
If a
conventional bank licensee assesses an individual as competent in accordance with Paragraph TC-2.1.8 to perform a specificcontrolled function , it does not necessarily mean that the individual is competent to undertake othercontrolled functions .October 2013TC-2.1.11
A
conventional bank licensee should use methods of assessment that are appropriate to thecontrolled function and to the individual's role.October 2013
