Two advisers have been reprimanded for not meeting their continuing professional development (CPD) obligations.<\/p>\n
The un-named advisers \u2013 identified only as Mr Q and Mr X by ASIC \u2013 were found by its sitting panel to have come up short in achieving the required CPD hours in the year ending 30 June 2024.<\/p>\n
\u201cThere were no extenuating circumstances, and the relevant provider was tardy in rectifying their outstanding CPD hours,\u201d it said of Mr Q.<\/p>\n
With regard Mr X, the panel stated the adviser\u2019s shortfall in CPD hours was rectified within a reasonable period of time.<\/p>\n
\u201cHowever, the sitting panel considered that a reprimand was needed to emphasise the importance of CPD to maintaining the standards of the profession, as well as the public\u2019s trust and confidence in the profession.\u201d<\/p>\n
In both cases the matter was referred to the sitting panel due to concerns the advisers had failed to comply with their CPD requirements. Advisers are required to complete a total of 40 hours of CPD, including minimum hours across each of the mandatory categories, during the licensee\u2019s CPD year.<\/p>\n