Continuous Professional Development (CPD)
Under the ESMA guidelines, firms will be required to:
- Carry out an internal or external review, on at least an annual basis, of staff members’ development and experience needs, assess regulatory developments and take any action necessary to comply with the ESMA requirements. This review should also ensure that staff possess an appropriate qualification and maintain and update their knowledge and competence by undertaking continuous professional development;
- Ensure that they submit to their regulator, on request, records concerning knowledge and competence of staff providing relevant services to clients
The CISI is able to support firms and regulators in meeting their CPD obligations through the CISI CPD scheme and range of CPD benefits.
CPD is categorised as either Structured or Unstructured learning.
Structured CPD is defined as an activity undertaken for the express purpose of learning.
- Attending CPD events
- Watching webcasts
- Undertaking exams/tests
Unstructured CPD includes unplanned activities, where there is no predetermined learning objective and outcome.
- Undertaking research
- Reading publications
Helping members to maintain ongoing competence is a core principle of the CISI. Our formal CPD scheme, free to all members, is a cost-effective way for firms to prove to the regulator that they are taking responsibility for the continuing competence and development of their employees.
The Institute recommends that members complete a minimum of 35 hours of CPD a year.To enable members to keep a record of their hours, we automatically record any CISI CPD activities undertaken, such as attending events, taking exams and using elearning tools in one centralised record where additional non-CISI CPD hours undertaken can be added. Those who complete the recommended 35 hours will receive a formal certificate.
Find out how to gain CPD with the CISI
CISI Online CPD Record
The CISI has developed its own online system that can be used to record an individual’s Continuous Professional Development (CPD), giving each member an auditable record. There is a Superuser function to make it easy for firms to track, and report to the regulator on, employees’ongoing training and development.
CPD Scheme Superuser Function
We encourage all firms to take advantage of our Superuser function, part of the CISI CPD scheme. This tool enables you to track and monitor the CPD activities of your staff. The individual CPD logs of all CISI members at your firm can be viewed, reports can be generated and bespoke CPD entries can be created and allocated to one or all of your employees’ CPD logs.
To find out more, please contact firstname.lastname@example.org