Other qualifications may also meet the competencies set out in Appendix 3. New qualifications may be developed by recognised professional educational bodies or existing qualifications may be modified to ensure that they meet the specified competencies. Such qualifications will be considered as part of the ongoing assessment of this Code. However, they must be formally approved as a recognised qualification by the Central Bank. In order to obtain recognition for the purposes of this Code, any additional qualifications should:
- have broad support within the relevant industry;
- include the competencies set out in Appendix 3;
- provide a standard of knowledge at least equivalent to that provided by the existing qualifications;
- have their underlying academic qualifications included in the National Framework of Qualifications at level 7 or higher; and
- include ongoing CPD requirements, which must not differ in a material way from the CPD requirements set out in this Code and which must incorpora