Training and competence (updated 10 February 2023)
The FCA's Training and Competence regime ensures financial services professionals are appropriately qualified and competent. It includes requirements for assessing and maintaining competence, supervising employees, and meeting qualification standards before starting regulated activities. Firms must regularly review and document staff competence, provide necessary training, and ensure proper supervision levels. Specific rules apply for retail investment advisers and exemptions are available for overseas experience.
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Continuing Professional Development (CPD) and professional qualification exams during coronavirus (updated 10 February 2023)
The FCA allows flexibility for Continuing Professional Development (CPD) during the coronavirus pandemic, permitting firms to defer CPD hours to the next year under exceptional circumstances. Firms must support staff with CPD materials and document any carryover hours and reasons. Professional qua