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Frequently Asked Questions

Continuing Professional Development is essential to maintain professional standards. It provides your clients and your employer with the reassurance that, as a banking and finance professional, you continue to maintain and expand your knowledge and skills.

Our CPD Guide offers you a wealth of information regarding the CPD requirements and offers best practice ideas and assistance with record keeping.

Please see our CPD Guide for detailed information defining Structured and Unstructured CPD.

Your CPD year will be the same as the validity period of your SPS, CPA or Chartered Designations.

When you make an application for an SPS, a CPA or Chartered Designations we will ask you to declare that you have carried out the required CPD.

CPD can include a number of different activities which need to be relevant to your role in all cases. For those with an SPS, the CPD needs to be relevant to your role as a retail investment adviser. Please see our CPD Guide for full details on the activities which can be included.

Yes. A retail investment advisers firm is permitted to suspend the CPD requirements for the period of time where an adviser is continuously absent from work if the absence is due to: maternity, paternity or adoption leave; long-term illness or disability or caring responsibilities for a family member who has a long-term illness or disability.


Individuals who have been employed outside of the role of retail investment adviser or been unemployed without intention of returning to the role would not be expected to carry out CPD for the period of absence. We extend these exemptions to our CPA and Chartered Memberships.


However, individuals who intend to return to the role but who may have been temporarily employed outside of the role or taken voluntary/ enforced unemployment/ garden leave, would be expected to carry out CPD to keep their knowledge up-to-date.

No. We don't require you to log your CPD with us. You can log your CPD activity in any way that you choose – provided you do so in a way that gives sufficient information for the CPD to be appropriately verified by us. Our members have access to a CPD logging tool specifically designed with the SPS in mind but its use is not compulsory. 

Your employer or network may provide a CPD log for you to use. Alternatively we offer an online CPD log (myCPD) for members or a downloadable template which may be of assistance. We do not expect you to use more than one log for your CPD records unless you wish to do so. You can find further information in our CPD Guide.

Yes - you must be able to substantiate all the CPD activity that you used to meet your annual requirement by retaining suitable supporting documentation. You will find help with the type of documents you can include in our CPD Guide

Firms must make / retain the CPD records for their retail investment advisers. Any firm which prevents an adviser from obtaining a copy of their CPD records, for any purpose, would be in breach of FCA regulations.

You can read the FCA’s CPD regulations and requirements in the FCA handbook

No, we don't require you to submit your CPD record when you make your application for an SPS, CPA or Membership. Only those selected for CPD auditing need to submit their CPD records. We make our audit selection after the SPS, CPA or Chartered Membership is processed in order not to delay your new certificate or membership.