What is Core Financial Advisers Act (FAA) / Securities & Futures Act (SFA) CPD accreditation?
Appointed FAA/SFA representatives are expected to undergo continuing education to keep abreast of developments in the financial advisory industry and update their skills and knowledge in relation to the type of financial advisory services they provide.
Under MAS Notice FAA-N13 and SFA 04-N09, appointed representatives are required to undertake structured CPD, which includes a minimum of 6 training hours in Ethics and 8 training hours in Rules and Regulations (referred to as Core CPD Hours) annually.
Courses in Ethics and Rules & Regulations must be accredited by IBF to be counted toward the Core CPD hours.
Please refer to IBF website for more information.