Board issues exposure draft on standard for financial services

PETALING JAYA: The Financial Services Professional Board (FSPB) has issued an exposure draft to invite comments prior to finalisation of a proposed standard on Continuing Professional Development (CPD) for the financial services industry (FSI).

FPSB said the main objective in developing the standard for the FSI is to provide a minimum requirement and good practice on CPD for professional bodies/associations.

“A standard on CPD that is applicable across the FSI will provide guidance on CPD requirements for both professional bodies/associations and individuals through their respective memberships.”

FPSB noted that a draft CPD standard was presented to a working group comprising representatives from professional bodies and industry associations covering the four sectors of banking, insurance, Islamic finance and capital markets.

FPSB chairman Tan Sri Mohd Munir Abdul Majid said the exposure draft on CPD is a very important stage in the development of the final document, which will be released early next year.

“I would urge members of the financial services industry to give their views and comments to ensure they are reflected as far as possible in the CPD process which will be part and parcel of professional life in our industry.

“As emphasis on a high standard of professionalism and ethics increases, the quality of CPD must equally be enhanced,” he added.