A. CPD stands for Continuing Professional Development. CPD ensures professionals have requisite skills, knowledge and understanding in the areas of conduct and competency to maintain professional standing within their industry.
A. No, CPD exemptions apply to students, retired and members on a career break.
CPD is compulsory for all other members depending on their membership category and whether they hold a FINSIA professional qualification. See the CPD Policy.
A. For the Professional Banking Fundamentals there is no requirement for CPD while undertaking the PBF, once the PBF is completed then for the graduate to maintain their PBF post nominals (and remain a FINSIA member) they must complete 14 hours CPD per year, 10 of which is structured, 4 unstructured and a minimum of 1 hour in ethics and integrity.
A. For the Certified Professional Banker there is no requirement to complete CPD while undertaking the CPB. Once complete then for the graduate to maintain their PBF post nominals (and remain a FINSIA member) they must complete 14 hours (10 structured, 4 unstructured) with a minimum of 2 hours in ethics and integrity.
A. For the Chartered Banker (and CB by experience) there is no requirement to complete CPD while undertaking CB. Once complete to maintain their CB post nominals (and remain a FINSIA member) they must complete 35 hours per year, 21 structured and 14 hours unstructured with a minimum of 5 hours in ethics and integrity.
A. Yes, members (who are not students, retired or on a career break) must complete 14 hours CPD per year, 10 of which is structured, 4 unstructured and a minimum of 1 hour in ethics and integrity.
A. If the retired member has a CBI or CISI qualification they must undertake CPD to maintain their graduate post nominals.
Retired members who have not undertaken a qualification have no CPD requirement and are able to keep using their post nominals.
A. There is no CPD requirement for members without a qualification, and an exemption must be applied for in writing each year. If the member, wants to undertake CPD, this will be recognised.
If the member has a CBI or CISI qualification an exemption will be granted for 1 year.
If the member has been out of the industry for more than 1 year a competency assessment is required to maintain previous qualification post nominals.
A. Undergoing CPD will ensure members have requisite skills, knowledge and understanding in the areas of Conduct and Competency to maintain professional standing within the Financial Services Industry. CPD positively differentiates capability and builds greater confidence in the professional standing, credibility and integrity of membership.
A. Yes. CPD will be based on a calendar year. If a member joins within 60 days of the end of the year, no CPD requirement until the following year.
A. CPD will be on pro-rata depending on the month the member joins.
A. Structured CPD is defined as activities with the express purpose of learning.
Unstructured CPD is defined as unplanned activities with no pre-determined learning objective or outcome.
Please click here for a complete list of structured and unstructured activities.
A. No. The qualification is sufficient for undertaking your CPD for the year and may be taken into account the following year.
A. Members will need to undertake CPD as of January 31st 2019 and will have the year to meet their requirements.
A. Yes, all members will have access to their own personalised CPD log as part of their membership. This can be accessed via the members portal. Any structured activities with FINSIA will be automatically recorded into the log.
A. No. FINSIA does not intend to duplicate requirements. FINSIA will recognise relevant internal training and other relevant external activities as long as it is relevant to your role. If a member already has a CPD requirement as part of maintaining their role FINSIA will determine that the CPD program meets FINSIA requirements and the CPD log already maintained can be uploaded.
A. Yes, any CPD outside of FINSIA activities will need to be uploaded into the CPD log. Sufficient evidence will only be required if you are selected for the annual Audit. Please see our Acceptable evidence guidelines.
A. Members are selected at random for audit per year.
A. Successful completion of FINSIA CPD requirements must be ‘self-declared’ on an annual basis via the members portal in which FINSIA activities are automatically updated and you can upload external activities.
A. FINSIA will have a phasing in period for CPD audit in the first year of implementation to ensure members are given ample opportunity, guidance and assistance in completing their requirements.
In 2020 FINSIA will implement a non-compliance and disciplinary policy with potential consequences including loss of:
FINSIA will take every step to ensure that CPD is not onerous on our members. We will recognise organisational and external training if it relates to job role, FINSIA Knowledge Areas and/or FINSIA themes.
FINSIA will undertake CPD reporting quarterly to assist and encourage members to complete their CPD requirements throughout 2019.
A. We offer a range of products and services that can assist our members such as:
• Professional Qualifications
• Networking & CPD events including the complimentary Future of Finance roadshow
• Video recordings previous signature events
• Complimentary monthly webinars on a range of topics
• Integrity in the Workplace workshop
• FINSIA Publications – In Finance, The Standards and The Insights Review
Any CPD undertaken (apart from publications) with FINSIA is automatically recorded within member’s CPD records.
A. There are number of activities that cannot be recorded as CPD, which are listed below:
A. Yes, some companies have a very explicit CPD requirement which goes further than the FINSIA CPD minimum requirements. We would recommend you check your company’s requirements when undertaking your CPD. Your company’s requirements, if higher, will supersede the FINSIA CPD requirements.