A regulated firm must:
a) inform the person availing of the transitional arrangements, within three weeks of the date the Addendum is imposed, of the requirement to obtain a relevant recognised qualification by 1 August 2017;
b) agree a plan for obtaining a recognised qualification with the person availing of the transitional arrangements and monitor the person’s progress in adhering to this plan; and
c) where an opportunity to sit an examination is not availed of by a person availing of the transitional arrangements, the regulated firm must document the reasons why.