The buck stops here
Q. Last month you said firms can interpret training and compliance rules themselves. How do we tell we are doing it correctly?
You do not mention the size of your firm, but if you have a full-time compliance officer or training officer then you could expect them reasonably to have a grasp of the topic.
One of the major weaknesses we see time and again is the failure to maintain a procedure to retrain or improve the standards of staff members that are found not to be meeting the laid down criteria of the firm.
Any inability to provide the regulator, if asked, with evidence of the firm's approach to maintaining ongoing
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