mandate ONE
REGULATORY LEARNING GUIDE · REVIEWED 3 AUGUST 2026

What is required.
Who it applies to.
What counts.

A prospect-friendly map of CPD, CPT, CPE and continuing-competence rules in the fund industry's principal jurisdictions—with direct links to the official source.

Compare requirements → Discuss your firm
Orientation, not legal advice. Requirements, exemptions and transition periods change. Confirm scope with the regulator and your compliance team. A Mandate One certificate is evidence of learning; regulatory credit applies only where the relevant framework—and any required approval—permits it.
AT A GLANCE

Minimums by jurisdiction.

Each number is labelled by its actual population. It is not automatically a rule for every employee of a fund firm.

Jurisdiction Minimum / approach Who is in scope Authority
Singapore Multiple schemes FAA/SFA representatives, CACS and IBF-certified individuals differ MAS / IBF
Hong Kong 10 CPT hours yearly Licensed and relevant individuals; role additions apply SFC
Australia 40 CPD hours yearly Relevant providers giving personal advice to retail clients ASIC
Malaysia 20 CPE points yearly Licensed representatives; approved learning rules apply SC Malaysia
UAE financial centres DIFC: 15 hours for key roles SEO, Compliance Officer and MLRO; ADGM is separate DFSA / FSRA
United Kingdom 35 CPD hours yearly Retail investment advisers in scope FCA
Luxembourg / EU Competence-based Relevant staff giving advice or information under MiFID II CSSF / ESMA
Ireland 15 formal hours yearly People performing activities within the MCC Central Bank
United States 12 credits yearly IARs registered in states adopting the NASAA model State regulators / NASAA
Canada Role and dealer dependent Specified Approved Persons at CIRO dealers CIRO
Thailand 15 hours / two years Specified approved analysts, consultants and planners Thai SEC
SG
01 · JURISDICTION

SINGAPORE

Several frameworks—not one universal number.

Launch jurisdiction

Minimum and scope

For affected FAA/SFA representatives, the MAS Core CPD framework presented by IBF requires at least 6 hours of Ethics plus 8 hours of Rules & Regulations annually. These Core courses must be IBF-accredited. Separately, IBF-certified individuals generally maintain 15 hours annually. CACS uses its own 15-hour framework and content split. The exact SFA role table must always be checked.

What counts / evidence

Core versus supplementary status, accreditation, representative type and regulated activity determine the answer. Under the SFA framework, principal entities calculate hours, maintain a register and retain records for at least five years.

OFFICIAL IBF Core FAA/SFA ↗ IBF SFA CPD ↗ IBF CPD ↗ CACS FAQ ↗ MAS ↗
HK
02 · JURISDICTION

HONG KONG

SFC Continuing Professional Training.

Prescribed hours

Minimum and scope

Licensed and relevant individuals generally complete 10 CPT hours per calendar year, including at least five directly relevant to their regulated activities. Responsible Officers and Executive Officers complete two additional compliance hours. Ethics requirements also apply as specified by the SFC.

What counts / evidence

Relevant online learning may count as self-study when duration and completion are evidenced and an independent assessment is used. Firms and individuals retain CPT records for at least three years. The SFC does not require an approved CPT provider.

OFFICIAL SFC Ongoing obligations ↗ SFC Competence FAQs ↗
AU
03 · JURISDICTION

AUSTRALIA

Forty hours—but only for a defined population.

Scope-sensitive

Minimum and scope

Relevant providers giving personal financial advice to retail clients generally complete 40 hours per CPD year (or 36 under an approved part-time arrangement). Category minimums cover technical competence, client care, regulatory compliance and professionalism/ethics.

What counts / evidence

At least 70% must be qualifying activity approved by the AFS licensee. The licensee's CPD policy, annual plan and records govern recognition. This is not a universal 40-hour rule for all asset-management staff.

OFFICIAL ASIC CPD guidance ↗
MY
04 · JURISDICTION

MALAYSIA

Recognition is part of the requirement.

Approved CPE

Minimum and scope

The SC Malaysia CPE framework uses 20 CPE points annually for licensed capital-market representatives. Current licence category and the SC's licensing requirements must be checked.

What counts / evidence

Recognition depends on CPE-approved courses/providers and assigned points. Attendance and renewal evidence matter; the CPE calendar identifies approved activities.

OFFICIAL SC Malaysia CPE hub ↗ Approved courses ↗ SIDC ↗
UAE
05 · JURISDICTION

UAE FINANCIAL CENTRES

DIFC and ADGM are separate systems.

Centre-specific

DIFC / DFSA

DFSA GEN 5.3.19A requires the Senior Executive Officer, Compliance Officer and MLRO to complete 15 hours of structured CPD each calendar year. Qualifying structured activity can include e-learning of 30 minutes or more.

ADGM / FSRA

ADGM has a separate FSRA rulebook. Competence and role-specific training should be mapped from the firm's permissions and applicable rules; do not automatically import the DIFC number into ADGM.

OFFICIAL DFSA GEN 5.3.19A ↗ DFSA Rulebook ↗ ADGM FSRA ↗
UK
06 · JURISDICTION

UNITED KINGDOM

Retail-adviser standard plus firm competence duties.

Scope-sensitive

Minimum and scope

Retail investment advisers within the FCA standard complete 35 CPD hours each year, including at least 21 structured hours. Do not present this as a universal UK fund-industry number.

What counts / evidence

Learning must be measurable and independently verifiable. Records should connect identified need, activity, hours, outcome and assessment, alongside the firm's broader competence arrangements.

OFFICIAL FCA Professional standards ↗ FCA TC 2 ↗
LU
07 · JURISDICTION

LUXEMBOURG / EU

Maintain knowledge and competence.

Outcome-based

Minimum and scope

MiFID II Article 25 and ESMA guidelines cover relevant staff giving investment advice or information. Luxembourg implements this through CSSF Circular 17/665. There is no single EU-wide annual hour quota for all fund professionals.

What counts / evidence

Distinguish MiFID client-facing roles from AIFM/UCITS functions. Firms should document role profiles, annual competence review, learning undertaken and remediation.

OFFICIAL CSSF MiFID II ↗ ESMA Guidelines ↗ CSSF Investment funds ↗
IE
08 · JURISDICTION

IRELAND

Minimum competency for defined functions.

MCC framework

Minimum and scope

The Central Bank Minimum Competency Code covers people performing specified controlled functions for retail financial products. Qualified persons generally complete 15 formal CPD hours annually, subject to the Code and recognised designation.

What counts / evidence

Check whether the activity and product are in scope, the recognised qualification/designation, relevant content and the current 2026 consolidated Code, addendum and Q&A.

OFFICIAL CBI Minimum Competency ↗ CBI Legislation ↗
US
09 · JURISDICTION

UNITED STATES

A state rule—not a blanket SEC rule.

State adoption

Minimum and scope

An Investment Adviser Representative registered in a state adopting the NASAA model completes 12 credits annually: six Products and Practice plus six Ethics and Professional Responsibility. Each credit is at least 50 minutes.

What counts / evidence

Scope depends on where the individual is registered. Formal credit requires an approved provider/course and provider reporting through the FINRA-operated system. Excess credit does not carry forward.

OFFICIAL NASAA IAR CE ↗ NASAA FAQ ↗ SEC Investment advisers ↗
CA
10 · JURISDICTION

CANADA

Dealer type and role determine the total.

Two-year cycles

Investment dealers

Specified CIRO Approved Persons complete 10 compliance hours per two-year cycle. APMs, PMs and retail RRs also complete 20 professional-development hours. In 2026, mandatory Conduct Training provides three compliance hours within the total.

Mutual fund dealers

Dealing Representatives generally complete 30 credits per cycle: eight Business Conduct, 20 Professional Development and two CIRO Compliance credits. Québec has a distinct transition.

OFFICIAL CIRO Investment Dealer CE ↗ CIRO Guidance ↗ CIRO Mutual Fund Dealer CE ↗
TH
11 · JURISDICTION

THAILAND

Refresher learning tied to approval renewal.

Role-specific

Minimum and scope

Thai SEC materials describe refresher training for specified Investment Analysts, Investment Consultants and Investment Planners. The current IA framework uses at least 15 hours during the latest two calendar years before approval expiry.

What counts / evidence

Check the approved-person category, expiry, content mix, recognised organiser and current Thai-language notification. Local course approval and renewal evidence are central.

OFFICIAL SEC Thailand ↗ Approved investment consultants ↗
WHAT IS GLOBAL

Capability travels. Regulatory credit does not.

These subjects are globally useful across hedge funds, asset managers, family offices, ManCos, private-markets firms and service providers. Local law, licence scope and approval determine the formal credit.

Investment capability

Portfolio construction, liquidity, valuation, due diligence, private markets and risk.

Conduct & governance

Ethics, conflicts, market conduct, governance, delegation and oversight.

Operational resilience

Cyber risk, outsourcing, business continuity, data and third-party controls.

Emerging practice

Responsible AI, sustainability, digital assets and evolving regulatory expectations.

01

Scope

Capture jurisdiction, employer, licence, role and activity.

02

Map

Map outcomes to framework and content category.

03

Verify

Confirm approval and employer acceptance.

04

Evidence

Record duration, assessment, score and version.

05

Review

Recheck sources and archive the rule basis.

FOR PROSPECTS AND COMPLIANCE TEAMS

Build a jurisdiction matrix for your people.

Tell us where your teams sit and what regulated activities they perform. Mandate One can structure the learning and evidence around the right framework.

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