One of the Fit and Proper Requirements outcomes is to ensure that persons who render financial services have adequate, appropriate and relevant skills, knowledge, and expertise regarding the financial service, financial products, and functions that they perform. In this regard, the FSCA published FAIS published CPD communication 2 of 2019, which sets out the intended purpose of CPD.

The principle of a CPD Training Plan is to set out CPD activities that target and address any competency gaps identified and/or develop additional knowledge and skills expertise where this was identified as a future need.

An FSP must consistently maintain and update their competency register, which then demonstrates how the FSP applies their training plan.