1.7.1 CPD requirement
a) A person who is subject to this Code and is the holder of a recognised qualification with a professional designation, the ongoing maintenance of which depends on the completion of CPD, shall be taken to have complied with this section where he or she has successfully completed the CPD requirements of that recognised qualification.
b) A person who is subject to this Code and is the holder of a recognised qualification, the ongoing maintenance of which is not dependent on the completion of CPD, shall, with effect from 1 January 2012, complete 15 formal hours of CPD each calendar year.
c) A grandfathered person shall, with effect from 1 January 2012, complete 15 formal hours of CPD each calendar year.
d) A person who is grandfathered in respect of a function(s) to be exercised and holds a recognised qualification for other functions is required to complete 15 formal hours of CPD in total each calendar year. The content of the CPD hours must be relevant to the func
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