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Do I have to take CPD in banking?

Category: Banking

The CPD requirement in banking is expressed in points/hours. To maintain your registration as an intermediary, you must obtain 15 CPD points/hours per 1-year period from an accredited training provider. 

The CPD obligation, and consequently the first 1-year period, commences on 1 January of the calendar year following the person's registration, appointment or designation.

During the first 3 years following your registration, appointment or designation, at least 12 CPD points per year must be focused on the banking and investment services being provided.  

Persons in contact with the public are required to keep their professional knowledge up to date by attending regular training. The employer is responsible for developing and implementing an annual and updated training plan.

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