All natural persons who have the status of intermediary must have a certain level of professional knowledge and must engage regularly in continuing professional training. This also applies to persons who perform ‘regulated’ key functions at an intermediary that is a legal entity. Although those who serve as ‘persons in client-facing positions (PCP)’ may receive ongoing training in a manner determined by their employer, all other persons who are subject to these requirements must obtain a certain number of continuing education credits by taking specific courses. As regards intermediation and intermediation in banking and investment services, these must be courses offered by accredited training providers.
