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  • TC-2.2 TC-2.2 Maintaining Competence

    • TC-2.2.1

      An investment firm licensee must make appropriate arrangements to ensure that approved persons maintain competence.

      Amended: October 2013
      Adopted: July 2010

    • TC-2.2.2

      An investment firm licensee should ensure that maintaining competence for an approved person takes into account:

      (a) Application of technical knowledge;
      (b) Application and development of skills; and
      (c) Any market changes and changes to products, legislation and regulation.
      Amended: October 2013
      Adopted: July 2010

    • TC-2.2.3

      An investment firm licensee may utilise the CPD schemes of relevant professional bodies to demonstrate compliance with TC-2.2.1. See Appendix TC-2 for a list of professional bodies in Bahrain. In-house training, seminars, conferences, further qualifications, product presentations, computer-based training and one-to-one tuition may also be considered to demonstrate compliance with TC-2.2.1.

      Amended: October 2013
      Adopted: July 2010

    • Record Keeping

      • TC-2.2.4

        An investment firm licensee should make and retain records of:

        (a) The criteria applied in assessing continuing competence;
        (b) The annual assessment of competence; and
        (c) Record of CPD hours undertaken by each approved person.
        Amended: October 2013
        Adopted: July 2010