Minimum Competency Code News Today

The minimum competency changes will come into effect in October 2024, with a four-year transition period until October 1st 2028

Full Ownership structure chart; Pre-Approval Controlled Functions for board members and senior staff, including whether these individuals have previously been approved by the CBI (Board and Senior Management); Number of FTE employees, whether any are shared with other group entities; and Staff Organisational Chart with reporting lines. 7 Regulatory capital, own Funds Requirements, and Operational funding levels; Turnover (total income/revenue generated) for first 3 years; Profitability; and Sou...