Revised CPD Requirements for 2020 and Target Completion Date of AICB Certification

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Revised CPD Requirements for 2020 and Target Completion Date of AICB Certification


23 Jul 2020

AICB is aware that the recent Movement Control Order arising from the COVID-19 outbreak has somewhat affected our members’ ability to fulfil their Continuing Professional Development (CPD) requirements for 2020 and meet the target completion date for AICB Certification.

In view of this, we have assessed the impact of the pandemic on our learning and development activities and are pleased to share the revised CPD requirements for 2020 as approved by the AICB Council.

Please find below a summary of the existing requirements and the revision for 2020 for your reference.

No.

Membership Designation

Existing CPD Requirements

Revised CPD Requirements for 2020

a AICB Associate/ Chartered Banker

Total CPD hours: 35 hours

  1. Structured: min. 20 hours, of which:
    • Ethics: min. 5 hours; and
    • Banking/Finance: min 10 hours.
  2. Unstructured: max. 15 hours.

Total CPD hours: 10 structured* hours

  1. Structured: min. 10 hours, of which at least 2 hours must be on Ethics.
  2. Waiver of unstructured CPD requirement.

b

AICB Affiliate Structured hours: min. 5 hours on Ethics activities. Waiver of CPD requirement

c

AICB-FMAM Dual Membership Holders

Total CPD hours: 38 hours

  1. Structured: min. 20 hours, of which:
    • Ethics: min. 5 hours; and
    • Banking/Finance: min 15 hours.
  2. Unstructured hours: max. 18 hours.

Total CPD hours: 10 structured hours

  1. Structured: min. 10 hours, of which at least 2 hours must be on Ethics.
  2. Waiver of unstructured CPD requirement

*Structured includes online learning programmes.

Additionally, we will also waive the 2020 CPD requirements for members who have fully complied in the 2019 calendar year, based on our review undertaken earlier this year.

We would also like to inform you that we have recently focused our efforts on greater online support, and have developed various online thought leadership programmes, including a series of webinars to assist members in meeting their CPD requirements for 2020, among other initiatives. We are pleased to share that we have received an encouraging response from our members towards these programmes.

Further, in relation to the Industry-wide Commitment to Professionalise the Malaysian Banking Industry through Certification of Specialist Areas, the AICB Council has approved the deferment of the target completion date for AICB Certification by one year, i.e. 50% AICB certification by end-2021 and 100% by end-2023.

We hope the efforts above will help to address our members’ concerns regarding the ability to meet the CPD and Certification requirements. For more information, kindly email our Member Services team at [email protected].