GEN 5.3.19A GEN 5.3.19A
(1) An Authorised Firm must ensure that an Employee who falls within a category specified in (2) remains competent by completing a minimum of 15 hours of continuing professional development (CPD) in each calendar year.
(2) The categories of Employees specified for the purposes of (1) are:
(a) the Senior Executive Officer;
(b) the Compliance Officer; and
(c) the Money Laundering Reporting Officer.
(3) An Authorised Firm must ensure that:
(a) the CPD in (1) is relevant to the Employee’s:
(i) current role and any anticipated change in that role; and
(ii) professional skill and knowledge;
(b) the CPD consists of structured activities; and
(c) the Employee keeps adequate records of CPD activities to be able to demonstrate that the requirements in this Rule have been met.
(4) In (3), “structured activities” means courses, seminars, lectures, conferences, workshops, web-based seminars or e-learning which require a commitment of thirty minutes or more.