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  • Training and Competence

    • C4-1.3.19

      Category 4 investment firms must assess individuals as competent when they have demonstrated the ability to apply the knowledge and skills required to perform a specific controlled function without supervision.

      Added: January 2022

    • C4-1.3.20

      Category 4 investment firms must annually determine the training needs of individuals undertaking controlled functions. It must develop a training plan to address these needs and ensure that training is planned, appropriately structured and evaluated. The training plan of category 4 investment firms must include a programme for continuous professional development training (“CPD”) for their staff.

      Added: January 2022

    • C4-1.3.21

      Category 4 investment firms should make and retain updated records of:

      (a) The criteria applied in assessing the ongoing and continuing competence;
      (b) How and when the competence decision for a staff member was arrived at including any periodic assessments;
      (c) The annual training plan for each controlled function;
      (d) Record of CPD hours undertaken by each approved person;
      Added: January 2022