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  1. Point in time
    2006-04-28

TC 2.6 Maintaining competence

TC 2.6.1R

A firm must have appropriate arrangements in place to ensure that an employee who has been assessed as competent to engage in or oversee an activity maintains competence.

TC 2.6.2G

A firm should ensure that maintaining competence for an employee takes into account:

  1. (1)

    technical knowledge and its application;

  2. (2)

    skills - their application and development; and

  3. (3)

    changes in the market and to products, legislation and regulation.

TC 2.6.3G

A firm should maintain systems for monitoring an employee's competence.

TC 2.6.4G

A firm should, for the purposes of TC 2.8.1 R (Record keeping), make and retain records of:

  1. (1)

    the criteria applied in assessing continuing competence; and

  2. (2)

    how the employee continues to be competent.