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  • CPD

    • TC-1.2.1

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

      Added: January 2022

    • TC-1.2.2

      Where a capital market licensee, based on the nature, scale and complexity of its business, determines that an approved person, by not undergoing the CPD programme for the specific controlled function, on an annual basis, shall not impair the functioning of the capital market licensee, it should approach the CBB with the rationale and request for an exemption from the CPD requirement stipulated in Paragraph TC-1.2.1. The CBB may consider exempting the approved person undertaking the specific controlled function from the CPD requirement altogether or may recommend that the approved person undergoes the CPD programme at such other frequency (biennial, triennial etc.) as deemed necessary.

      Added: January 2022

    • TC-1.2.3

      The capital market licensee must ensure that an individual appointed as an approved person is supervised and undergoes appropriate review and assessment of his/her performance.

      Added: January 2022

    • TC-1.2.4

      The level of supervision should be proportionate to the level of competence demonstrated by the approved person. Supervision shall 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.
      Added: January 2022

    • TC-1.2.5

      Supervisors of approved persons should have technical knowledge and relevant skills, e.g. coaching and assessment skills.

      Added: January 2022