ASIAN INSTITUTE OF CHARTERED BANKERS CONTINUING .
ASIAN INSTITUTE OF CHARTERED BANKERSCONTINUING PROFESSIONAL DEVELOPMENT REGULATIONSUpdated as of 15 March 2021Page 1 of 14
Asian Institute of Chartered BankersContinuing Professional Development RegulationsCONTENTS1.Commencement and andatory CPD for Individual Members035.CPD Requirements046.CPD Activity057.CPD Declaration058.CPD Records069.CPD Monitoring0610.Exemption from CPD07Appendix 1 - AICB Qualifications and Professional Designations09Appendix 2 - Learning Activities Acceptable for CPD10Appendix 3 - CPD Declaration Form13Appendix 4 - Example CPD Record Form14Updated as of 15 March 2021Page 2 of 14
1.Commencement and Application1.1These regulations were made by the Council under Article 87 of the Institute’s Articles ofAssociation and shall come into effect on 1 September 2015.1.2These regulations set out the continuing professional development (CPD) requirementswhich all Individual Members (except Life Members) must comply with for annualmembership renewal.2.Interpretation2.1In these regulations, unless the context otherwise requires, words and expressions usedhave the same meanings as defined in the Institute’s Constitution and Bye-laws.3.Introduction3.1The Institute’s approach to CPD is to foster a commitment to lifelong learning amongMembers. The Institute encourages all Individual Members to maintain and develop theirknowledge and skills throughout their careers to ensure they remain professionallycompetent and are able to provide high quality services to customers, employers and otherstakeholders.3.2It is the responsibility of each Member to undertake sufficient CPD in areas relevant to theMember’s work and professional responsibilities. A planned programme of CPD activitywill assist Members to keep up-to-date in terms of knowledge and practice, enhance theircompetencies necessary to perform their work effectively, as well as provide increasedvalue to their organisations.3.3Many means of attaining CPD are available. Members may use the resources of theInstitute, their own resources, or those of their employers or other organisations.Examples of learning activities that Members may undertake include attendingconferences, seminars, courses and workshops or delivering a paper in such events,completing self-study programmes, on-the-job training, participation in technicalcommittees, studying for a relevant further qualification, research and readingprofessional journals.3.4Members should maintain appropriate records of their participation in all CPD activities sothat they will be able to comply with the reporting requirements set out in theseregulations.4.Mandatory CPD for Individual Members4.1All Individual Members (except Life Members) are required to undertake CPD asprescribed in these regulations. Compliance with the requirements set out in theseregulations is a condition for renewal of membership of the Institute.Updated as of 15 March 2021Page 3 of 14
5.CPD Requirements5.1All Members subject to mandatory CPD, except those exempt under regulation 10, mustcomply with the following minimum requirements for CPD:(a)Subject to paragraph (b) of this regulation, Members who hold a professionaldesignation awarded by the Institute as listed in Appendix 1 (hereinafter referredto as professional designation) are required to undertake: at least 35 hours of relevant CPD activity in each calendar year, of which 20 hoursmust be structured CPD; and at least 10 hours of the structured CPD must be in areas directly related to bankingand 5 hours of the structured CPD in ethics.(b) Members who hold a professional designation and who are Dual MembershipHolders1 are required to undertake:(c)5.25.3 at least 38 hours of CPD activity in each calendar year in areas directly relatedto banking or finance: and of this, at least 20 hours must be structured CPD programmes conducted orrecognized by AICB, FMAM, SIDC, ABS, BNM or other professional bodies ororganisation and 5 hours must be structured CPD in ethics.Members who do not hold any professional designation are required to undertake atleast 5 hours of structured CPD on ethics every two years.For the purposes of these regulations, the CPD requirements under regulations 5.1 shallbe applicable as follows:(a)in the case of persons who became Members of the Institute pursuant to thetransitional provisions under Article 112 of the Institute’s Constitution and who holda professional designation, the CPD requirements shall be complied with from 1January of the year following the transition date;(b)in the case of newly admitted Members or current Members who attained aprofessional designation (subsequent to the transition date), the CPD requirementsshall be complied with from 1 January of the year following the attainment of theprofessional designation.Members who have undertaken more than the amount of CPD as set out in regulation 5.1may not carry forward the surplus hours to the following year or biennium (asapplicable). The CPD attainment set out in regulation 5.1 is the minimum that Membersare required to achieve to maintain their professional competence. It is recommendedthat the time investment in CPD exceed these minimum levels.1 Members of FMAM [Persatuan Pasaran Kewangan Malaysia (ACI – Financial Markets Association ofMalaysia)] who have been admitted as Associates of AICB.Updated as of 15 March 2021Page 4 of 14
6.CPD Activity6.1Subject to regulation 5.1, Members may undertake any learning activities relevant to theircurrent or future work and professional responsibilities. The attainment of CPD shall bemeasured in terms of the time spent on learning activity. Generally, a full day course orseminar could be considered as 8 CPD hours.6.2Structured CPD is any form of formal learning activity that is designed to achieve specificlearning outcomes and is capable of being objectively verified by a competent source.These include participation in conferences, seminars and professional courses, achievinga specialist or degree qualification, undertaking structured online learning and writing oftechnical articles, papers or books for publication. The examples of evidence that could beused for verification purposes include confirmation of participation by a provider,instructor or employer, assessment of learning outcomes achieved, examination resultstranscript and publication of a professional article.6.3Unstructured CPD is any informal learning activity such as on-the-job training, onlineresearch, self-study, casual reading of professional journals and participation in eventswhere the focus is on knowledge sharing. Such learning activities may be measurable interms of hours but may not be verifiable. These activities also contribute to thedevelopment and maintenance of professional competence, but would not be consideredto form part of the prescribed quantum of structured CPD.6.4In assessing CPD hours, Members should record only the actual time spent in activeparticipation in the learning activity and only where the activity is in excess of one hour.Time spent in social or ceremonial events or in luncheons, dinners or other informalfunctions associated with CPD activities but not forming part of the professionaldevelopment programme, will not be recognised as CPD hour.6.5Learning activities that are acceptable as structured CPD and unstructured CPD and thenumber of CPD hours that may be earned are shown in Appendix 2. These are forguidance purposes and are not exhaustive.7.CPD Declaration7.1All Members subject to mandatory CPD, save as set out in regulation 7.2, are required tocomplete a CPD declaration as to compliance with the CPD requirements. The declarationis to be submitted as follows: Members who hold a professional designation and Dual Membership Holders arerequired to submit a CPD declaration annually by 31 January of the following year(e.g. the CPD declaration for the year 2017 should be submitted by 31 January 2018); Members who do not hold any professional designation are required to submit aCPD declaration biennially by 31 January following the end of the biennium (e.g. theCPD declaration for the biennium 2017-2018 should be submitted by 31 January2019).Updated as of 15 March 2021Page 5 of 14
7.2A Member will not be required to submit a declaration of his CPD status for the year inwhich he attained a professional designation even though he is subject to mandatoryCPD. However, the CPD hours completed between the date on which the professionaldesignation was attained and 31 December of that year can be reported as CPD hoursearned in the year following attainment of the professional designation.7.3Members who have been granted exemption from the CPD requirements are stillrequired to make a declaration of their CPD status annually or biennially (as applicable) soas to confirm that they continue to meet the exemption criteria.7.4The CPD declaration must be made online in the membership portal on the AICB websitewithin the timeframes stipulated in regulation 7.1. The CPD declaration form is illustratedin Appendix 3.7.5Members who fail to make a CPD declaration within the stipulated timeframes or makea false declaration may result in their membership not being renewed. The matter will bereferred to the Membership Committee for appropriate course of action to be taken.8.CPD Records8.1Members subject to mandatory CPD are required to record their CPD activities online inthe membership portal on the AICB website. Members may record their CPD activities asand when they are undertaken. There is a tracking tool which allows Members to updateand track their CPD information.8.2It is the responsibility of Members to maintain appropriate records of all CPD activitiesundertaken which may be requested for review for purposes of monitoring compliancewith the CPD requirements. When recording CPD activity, Members should includeinformation such as the date, description of the activity, method of learning and timeexpended. CPD hours earned can be recorded to the nearest half hour. To assistMembers in maintaining appropriate records, an example CPD record form is provided inAppendix 4.8.3Members are also required to keep supporting documentation as evidence ofattendance or completion of the CPD activities, e.g. enrolment records, certificate ofattendance, certificate of completion, written confirmation of participation by aninstructor, provider or employer.8.4Members must keep their CPD records and supporting documentation for a minimum of 3years. Such records and supporting documentation shall be subject to review by theInstitute and shall be provided to the Institute upon request.9.CPD Monitoring9.1A sample of Members subject to mandatory CPD will be randomly selected each year forCPD review to check that they have complied with the minimum CPD requirements asset out in regulation 5.1.Updated as of 15 March 2021Page 6 of 14
9.2Members selected for review will need to demonstrate their compliance with the CPDrequirements and will be asked to provide supporting documentation as evidence ofattendance or completion of the CPD activities or verification of the competences theyhave developed through their chosen CPD activities.9.3Members who have not complied with the CPD requirements for the first time will begiven a caution letter and additional time may be given to comply with the requirements.Members will also be reselected for audit the following year.9.4Where a Member fails to: provide supporting documentation as required under regulation 9.2 within areasonable period of time; or complete the CPD requirements within the extended time allowed under regulation9.3,the matter will be referred to the Membership Committee which shall determine thecourse of action to be taken. The Committee may refer cases where willful and persistentnon-compliance is suspected to the Chief Executive Officer which may lead to disciplinaryaction.9.5Members who failed to comply with the CPD requirements for two-consecutive years,their membership will be downgraded and the use of professional designation will besuspended.10.Exemption from CPD10.1 Members subject to mandatory CPD who have attained the age of sixty years and whohave retired from gainful employment and all business activities may seek exemptionfrom the CPD requirements by making a written application to the Institute.10.2 A Member subject to mandatory CPD who is unable to meet the CPD requirements due tospecial circumstances may apply for exemption from CPD. Circumstances recognised forexemption include: prolonged illness or disabilityonerous caring duties for a close family member (including spouse, child, parent,sibling, grandparent)parental leaveunemploymentcareer break10.3 Applications for exemption from CPD must be made online in the membership portal on theAICB website by 31 December of the current calendar year and no application shall beconsidered in respect of previous years. In the case of application for exemption underregulation 10.2, it must be supported by documentary evidence such as a medicalcertificate or letter from the employer confirming a leave of absence from work. The periodUpdated as of 15 March 2021Page 7 of 14
of absence from work must be at least three months to be eligible for exemption from theCPD requirements and generally, full exemption will be granted for the current calendaryear.10.4 The exemption from CPD granted under regulation 10.1 will remain in force unless there isa change in the circumstances. It is the responsibility of a Member granted suchexemption to notify the Institute when he takes up new employment or commencesbusiness activity and the Member shall thereupon become subject to the CPDrequirements under regulation 5.1.10.5 Applications for exemption from CPD under regulation 10.2 are considered on an annualbasis. A Member who wishes to claim the exemption in the following calendar year isrequired to re- submit an application notwithstanding that the circumstances on which theexemption was first granted continue to exist.10.6 A Member who has been granted exemption from the CPD requirements under regulation10.1 or 10.2 will still be required to submit a CPD declaration in accordance withregulation 7.Updated as of 15 March 2021Page 8 of 14
APPENDIX 1AICB Qualifications and Professional DesignationsAICB QualificationProfessional DesignationRetail Credit ProfessionalCertified Retail Credit PractitionerCVA, Retail Credit ProfessionalBusiness Credit ProfessionalCertified Business Credit PractitionerCVA, Business Credit ProfessionalCertified Credit ProfessionalCertified Retail Credit PractitionerCertified Business Credit PractitionerBank Risk ManagementCertified Bank Risk PractitionerCVA, Bank Risk ManagementCertification for Bank AuditorsCertified Bank AuditorCVA, Certification for Bank AuditorsPasaran Kewangan Malaysia Certificate(PKMC)Certified Financial Markets PractitionerAdvanced Certification in Anti-MoneyLaundering & Counter Financing ofTerrorism (AML/CFT)Certified Practitioner - AMLCertified Senior Financial Markets PractitionerCVA, Advanced Certification in Anti-MoneyLaundering & Counter Financing ofTerrorism (AML/CFT)Certified Professional in Anti-MoneyLaundering & Counter Financing of Terrorism(AML/CFT)Certified Senior Practitioner – AMLAdvanced Certification in RegulatoryComplianceCertified Practitioner – ComplianceCVA, Advanced Certification in RegulatoryComplianceCertified Anti-Money Laundering & CounterFinancing of Terrorism ComplianceOfficer (CAMCO)Certified Anti-Money Laundering & CounterFinancing of Terrorism Compliance OfficerChartered BankerChartered BankerFellow, Chartered BankerUpdated as of 15 March 2021Page 9 of 14
APPENDIX 2Learning Activities Acceptable for CPD1. Examples of Structured Learning ActivityCPD vityCPD Hours(a) Participation in conferences,seminars, courses, workshopsand other professional educationactivities organised by AICB,FMAM, ABS*, BNM* or otherprofessional bodies ororganisations1 CPD hour for each hour ofactive participation(b) Presentation of a paper oraddress in conferences, seminarsor workshops1 hour of presentation earns 3CPD hours (e.g. 2 hours ofpresentation earns 6 CPD hours)No CPD hour is earned for repeatpresentations which aresubstantially similar in contentWork-based Training(c) Attending in-house coursespresented by employer ororganisations engaged byemployer1 CPD hour for each hour ofactive participation (excludingbreaks)Qualifications andAssessment(d) Undertaking online or face-to-facecourses conducted by tertiaryeducation institutions leading to adegree or post graduatequalification1 CPD hour for each hour of studytime, up to a maximum of 20 CPDhours per year(e) Participation and completion of aChartered Banker module or otherspecialist programme moduleUpdated as of 15 March 20211 CPD hour for each hour ofparticipation, up to a maximum of20 CPD hours per year(f) Undertaking self-study coursesthrough AICB or other third partyproviders where there isassessment of learning outcomesachieved by means ofexamination or otherwise1 CPD hour for each hour of studytime, up to a maximum of 20 CPDhours per course(g) Preparation and delivery ofcourses under the auspices ofAICB, other professional bodies oreducation institutions related to aprogramme of study in banking orfinance1 hour of presentation earns 3CPD hours for the first delivery(e.g. 2 hours of presentationearns 6 CPD hours)No CPD hour is earned forsubsequent delivery of the coursePage 10 of 14
Research/AuthorshipUpdated as of 15 March 2021(h) Development or review of AICBexamination questionsCPD hours are earned for eachexamination question accepted orreviewed on the basis of 1 CPDhour for each question worth 10marks, up to a maximum of 10CPD hours per year(i)Writing of articles, papers orbooks on banking and relatedsubjects for publication1 CPD hour for each hour ofwriting up to a maximum of 5CPD hours per year(j)Undertaking research or studyprojects on banking and relatedtopics that result in presentations,reports or similar documentation1 CPD hour for each hour ofresearch up to a maximum of 5CPD hours per yearPage 11 of 14
2. Examples of Unstructured Learning ActivityCPD CategoryActivityCPD HoursConferences/Seminars (a) Facilitating a discussion session in/Courses/Workshopsconferences or seminars1 CPD hour for each hour offacilitationWork-based Training(b) On-the-job training provided byemployer that relate to thedevelopment or advancement ofprofessional competencies1 CPD hour for each hour oftraining up to a maximum of 10CPD hours per year(c) Participation in discussions withinternal experts on technicalsubject1 CPD hour for each hour ofparticipation(d) Receiving coaching and mentoringto improve personal or technicalskills1 CPD hour for each hour ofcoaching or mentoring up to amaximum of 10 CPD hours peryear(e) Providing professionaldevelopment support as a mentoror coach1 CPD hour for each hour ofcoaching or mentoring providedup to a maximum of 10 CPDhours per year(f)1 CPD hour for each hour ofreading up to a maximum of 5CPD hours per yearSelf-directed LearningCommittee WorkReading books, journals,magazines and other publicationson banking and related subjects(g) Self-study by electronic mediasuch as watching videos, webcastsor podcasts that do not involveformal assessment or certificationof completion1 CPD hour for each hour of selfstudy up to a maximum of 5 CPDhours per year(h) Service on the committees or subcommittees of AICB or of otherprofessional bodies ororganisations that contribute tothe advancement of bankingknowledge and practice1 CPD hour for each hour ofparticipation up to a maximumof 10 CPD hours per yearNoteABS - Asian Banking SchoolBNM – Bank Negara MalaysiaFMAM – Persatuan Pasaran Kewangan Malaysia (ACI - Financial Markets Association ofMalaysia) SIDC – Securities Industry Development CorporationUpdated as of 15 March 2021Page 12 o
Continuing Professional Development Regulations CONTENTS 1. Commencement and Application 03 2. Interpretation 03 3. Introduction 03 4. Mandatory CPD for Individual Members 03 5. CPD Requirements 04 6. CPD Activity 05 7. CPD Declaration 05 8. CPD Records 06 9. CPD Monitoring 06 10. Exemption from CPD 07
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