Finance CPD Module 2 Dates to be Confirmed
| Start Time: |
2pm |
End Time: |
6pm |
| Category: |
Finance/Admin
|
Member Cost: |
€80.00 |
| Location: |
To be confirmed |
Non Member Cost: |
€100.00 |
| Duration |
4 hours |
|
|
Course Information
The Financial Regulator’s Minimum Competency Requirements for financial services providers/accredited individuals states that the content of CPD hours must be directly relevant to the activities undertaken by the accredited individual; SIMI in association with the trainer Keith Browne have designed a number of formal training modules to meet these requirements. These modules will be delivered in 4 hours sessions at venues around the country to facilitate members who do not wish to travel long distances for training. If you are required to do CPD please take advantage of this opportunity to attend a relevant course in your area?. During the year attendance at other SIMI Seminars, training courses and conferences may also count as formal CPD and we will advise members of the number of formal CPD hours that may be recorded for each.
CPD requirements: to stay complaint accredited individuals must complete 60 hours CPD over each 3 year cycle, completing a minimum of 15 hours in each year of which 10 hours must be formal, the balance can be a mix of formal and informal, all formal or all informal. Informal hours may be accumulated by reading and researching relevant material and SIMI members should keep records of the materials read, dates when read and amount of time spent researching or reading.
Content Module 2 of 2010:
1. The Consumer Contracts – Financial Services contracts and Confidentiality provisions
2. Consumer Protection – including Consumer Protection Act and Code Requirements and Financial Services Ombudsman
3. Third Money Laundering Directive – Guidance for Credit Institutions , Customer Due Diligence and know your customer rules
4. Credit Referencing – Irish Credit Bureau and Consumer Data protection
5. Security for Consumer Lending – What is security? Personal Guarantees and Life Policies
Note Change in IOB Requirements:
Please note that the Institute of Bankers have changed the requirements for their CPD members, they now require their members to complete a minimum of 20 hours CPD in each year.
This does not in any way effect ‘grandfathered individuals’ who maintain their own CPD records as approved and accepted by the Financial Regulator.
Please Note the course dates below are all canceled due to insufficient numbers. Further dates to be confirmed.
Date: Thursday 9th September 2010
Venue: Loughrea Hotel & Spa – Lough Rea, Galway Cancelled
Date: Tuesday 14th September 2010
Venue: Sligo Park Hotel - Sligo Cancelled
Date: Tuesday 21st September 2010
Venue: Springfort Hall Hotel - Mallow Co. Cork Cancelled
Programme Trainer: Keith Browne
Duration: 4 hours – 2pm to 6pm. Approved 4 hours for CPD members of Institute of Bankers.
Fee: €80 per person for SIMI members, €100 per person for non-members
Contact Yvonne at SIMI if you would like to book tel 01-6761690 or email training@simi.ie
NON COMPLIANCE WITH THE MINIMUM COMPETENCY REQUIREMENTS WILL MEAN THAT YOUR GARAGE WILL NOT BE ABLE TO ADVISE ON OR SELL FINANCE OPTIONS FROM 1ST JANUARY 2011.
The CPD annual requirements are: 20 hours of which at least 14 must be formal hours. The balance of 6 hours may be all formal hours or all informal hours or a mix of both formal and informal hours….
N.B.: FAILURE TO COMPLY WITH CPD
Individuals who fail to complete the required amount of CPD in any given year (i.e. incurs a shortfall in hours) will, in the first instance, be given a grace period to ‘catch up’ and complete any shortfall in CPD hours by 31st December of the following CPD year (in addition to the requirements for that CPD year). A 3-year shortfall warning penalty will also be applied to the individual’s record i.e. if the individual incurs a second shortfall in any of the three years following the first shortfall, their profession designation removed due to failure to comply with the relevant CPD regulations will be removed from the regulated firm’s register and will not me in a position to act as an accredited individual or specified accredited individual, as appropriated, until the professional designation been reinstated by the relevant professional education body. This is only possible by obtaining a recognised qualification by successfully completing a Professional Diploma in Financial Advice, previously known as the Qualified Financial Adviser Diploma (QFA Diploma) or The Foundation Certificate in Consumer Credit (accredited by The Institute of Bankers in Ireland) details of these courses are available on The Institute of Bankers in Ireland website www.bankers.ie or by contacting them on 01-6116500.