Do I have to take CPD in compliance?

The CPD requirement in compliance is expressed in CPD hours. To maintain your registration as a recognised compliance officer, you must attend 40 CPD hours per 3-year period. For a second-line compliance officer, this is 20 hours per 3-year period.

Who has to attend 40 CPD hours per 3-year period?

Compliance officers registered with FSMA as approved compliance officers/responsible for the compliance function at a regulated firm, once they pass the exam, must participate in a training programme at an accredited training institution.

Who must attend 20 CPD hours per 3-year period?

Candidate compliance officers must, as from passing the examination, participate in a training programme.
In addition, any other person who has successfully passed the compliance officer examination, but has not yet been designated as a recognised compliance officer/responsible for the compliance function in a regulated firm, must also attend a training programme if they wish to be considered to have passed the examination later, when they are designated as a compliance officer in a regulated firm.

Please note that other employees performing compliance tasks (the employees of the compliance cell of the regulated firm) should also participate in such a training programme.

Other questions in this category

• Am I subject to the examination obligation in compliance?