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FP-1.3.7

Licensees should ensure that the competency standards for all management positions whether senior or otherwise consider the following:

(a) The necessary academic, professional or industry qualifications and certifications;
(b) Knowledge about the industry /business segment/ financial products or the operations or control activity as may be relevant to the job role;
(c) Sufficiency of industry and management experience (where applicable);
(d) Understanding of the regulatory framework, including the laws, regulations and associated codes governing the industry sectors; and
(e) Knowledge and expertise for the tasks relevant to the job role.
Added: March 2025