Why is CPD not being calculated for the Staff Member? (MSS)

In certain cases, a staff member may be working under supervision to fulfill specific F&P (Financial and Product) requirements. It is important to note that the CPD (Continuing Professional Development) requirement will not apply to the staff member until these specific requirements have been successfully met.

During this period of supervision, the staff member is focused on satisfying the designated F&P requirements, which may include acquiring certain knowledge or skills related to the financial products or services they will be dealing with. Once these requirements have been fulfilled and the staff member is deemed competent in those specific areas, the CPD requirement will begin to apply to them.

Additionally, it is possible for a staff member to be authorized for one or more particular financial products for which CPD is not mandatory. This means that they are not obligated to complete CPD activities specifically related to those authorized products. However, it is essential for them to stay updated and maintain their competence in other relevant areas of their role through CPD activities.

It is crucial for the staff member and their supervisors to be aware of the specific requirements and exemptions applicable to their roles and responsibilities, ensuring compliance with the F&P regulations while fulfilling the necessary professional development obligations.