FP-1.3.8
The licensees’ competency standards for the CEO and senior management functions must consider:
(a) Suitable academic and/or professional qualifications and/or other certifications;
(b) Experience of working in financial services and other occupations including sufficient experience in a managerial capacity (taking into account the functions performed in previous employment and the nature, scale and complexity of the businesses in which the individual was employed);
(c) Sufficiency of the level of knowledge, for example, of:
i. Financial markets
ii. Strategic and business planning
iii. Risk management
iv. Governance, compliance oversight and controls
v. Financial reporting
vi. Regulatory framework and requirements;
(d) Skillsets:
i. Technical/analytical/business skills etc.
ii. Leadership/management skills.
Added: March 2025