Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 3 January 2018 - onwards
  Version 2 of 2    

Regulation 10 Maintenance of records - new entrants

A regulated firm shall ensure that the following written records are maintained in respect of new entrants for whom the firm is responsible under Regulation 3:

(a) the date the individual commenced the function;

(b) details of the training or part of a recognised qualification completed by the new entrant prior to dealing with a consumer;

(c) the qualification being obtained and details of relevant experience completed;

(d) details of the arrangements for supervision by a person who meets the standards set out in Section 1.3(a) of the Minimum Competency Code, including the name of the supervisor, the date supervision commenced and the level of supervision;

(e) the length of the initial period during which the new entrant was accompanied at all times;

(f) for each incremental reduction in supervision -

(i) the assessment of the performance of the new entrant,

(ii) the criteria for reducing the level of supervision, and

(iii) the level of reduced supervision;

(g) records of meetings betw

Comparing proposed amendment...