2.7.1 Monitoring compliance with CPD requirements
A regulated firm must ensure that it has procedures in place to ensure that qualified persons and grandfathered persons are in compliance with the CPD requirements on an ongoing basis. Such procedures must include, at a minimum:
1. Regular monitoring, at least once within the first nine months and once within six weeks of the end of the year, to check:
a) the number of hours completed and planned to be completed; and
b) the relevance of the content of CPD completed or planned to be completed.
2. Action to be taken in respect of suspected breaches of CPD requirements.
3. How the regulated firm will record all information concerning compliance with the CPD requirements.
Plans for and actual progress in undertaking CPD requirements (including the number of hours CPD and relevance to the categories of product for which the person is accredited) must be reviewed regularly by the line manager of each qualified person and grandfathered person.
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