SIFA 10.1 Training and Competence
Training and Competence is covered in the Training and Competence sourcebook (TC). The sourcebook defines the standards firms should achieve but does not prescribe in detail what a firm's training and competence (T&C) arrangements should be. It expects a firm to use this flexibility to design a T&C scheme that meets its own needs effectively and efficiently. This means that firms should take a risk-based approach to T&C so they spend time and resource on the areas that need it rather then applying a standard approach in every circumstance.
Chapter 2 contains sections on recruitment, training, attaining competence, appropriate exams, maintaining competence, supervising and monitoring and record keeping. The TC 2 rules apply to employees of a firm engaging in or overseeing the activities in the table in TC 2.1.4 G. Activities under the heading of 'advising without dealing' are likely to be the most relevant to smaller investment intermediaries, though you should check whether other activities may also be relevant.
The sections in TC 2 on training, recruitment and supervising and monitoring apply only to activities carried out for private customers.