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Published date: 12 May 2015

FCA > Firms > Topics > Training and competence (updated 25 July 2024 with Waivers and modifications)

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.