At least one adviser has written to the Financial Adviser Standards and Ethics Authority (FASEA) asking the authority to adopt a facilitative to continuing professional development (CPD) points because of the number of seminars and conferences cancelled due to COVID-19.
Adrian Hanrahan has taken to social media to share an e-mail he has sent to FASEA chief executive, Stephen Glenfield, pointing out the widespread cancellation of CPD seminars and asking whether the authority would be prepared to take the situation into account.
“I was wondering if FASEA intends to take a ‘facilitative approach’ to CPD requirements for the current CPD year,” Hanrahan’s e-mail said. “For example, a temporary reduction in the required CPD hours or a temporary relaxation of the requirement for a CPD activity to be ‘led or conducted by 1 or more persons’ to better facilitate self-directed learning.”
Hanrahan said he believed a temporary change in the prescriptive CPD framework would represent welcome relief to the profession.