(1) A regulated firm shall -
(a) inform a new entrant for whom the firm is responsible under Regulation 3, before the new entrant commences performing a relevant function, of the requirement to obtain -
(i) a relevant recognised qualification, and
(ii) in respect of MiFID services or activities, at least 6 months' relevant experience,
within 4 years of commencing the performance of such a relevant function,
(b) agree with the new entrant a plan for obtaining a recognised qualification and, in the case of MiFID services or activities, relevant experience, immediately upon commencing a relevant function, and monitor the new entrant's progress in adhering to this plan, and
(c) ensure the new entrant undergoes a training programme organised by the regulated firm which is relevant to the function to be exercised, or has obtained part of a relevant recognised qualification for that particular function prior to dealing with consumers.
(2) A regulated firm shall establish, maintain and adhere
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