Continuing Professional Development (CPD )

The Institute’s approach to CPD is to foster a commitment to lifelong learning among Members. The Institute encourages all Individual Members to maintain and develop their knowledge and skills throughout their careers to ensure they remain professionally competent and be able to provide high quality services to customers, employers and other stakeholders.

It is the responsibility of each Member to undertake sufficient CPD in areas relevant to the Member’s work and professional responsibilities. A planned programme of CPD activity will assist Members to keep up-to-date in terms of knowledge and practice, enhance their competencies necessary to perform their work effectively, as well as provide increased value to their organisations.

Individual members who are in the categories of Associate and Chartered Banker (with professional designation), Associate Fellow and Fellow are required to comply 35 hours of CPD at minimum in a calendar year. The CPD hours could be obtained via structured learning activities and unstructured learning activities.

For more details on the CPD, please click and download here.

All Members subject to mandatory CPD, except those exempt under regulation 10, must comply with the following minimum requirements for CPD:

(a) Subject to paragraph (b) of this regulation, Members who hold a professional designation awarded by the Institute as listed in Appendix 1 (hereinafter referred to as professional designation) are required to undertake:

  • at least 35 hours of relevant CPD activity in each calendar year, of which 20 hours must be structured CPD; and
  • at least 10 hours of the structured CPD must be in areas directly related to banking and 5 hours of the structured CPD in ethics.

(b) Members who hold a professional designation and who are Dual Membership Holders1 are required to undertake:

  • at least 38 hours of CPD activity in each calendar year in areas directly related to banking or finance: and
  • of this, at least 20 hours must be structured CPD programmes conducted or recognized by SIDC (Securities Industry Development Corporation) and 5 hours must be structured CPD in ethics.
  • Members who do not hold any professional designation are required to undertake at least 5 hours of structured CPD on ethics every two years.

For the purposes of these regulations, the CPD requirements under regulations 5.1 shall be applicable as follows:

  • in the case of persons who became Members of the Institute pursuant to the transitional provisions under Article 112 of the Institute’s Articles of Association and who hold a professional designation, the CPD requirements shall be complied with from 1 January of the year following the transition date;
  • in the case of newly admitted Members or current Members who attained a professional designation (subsequent to the transition date), the CPD requirements shall be complied with from 1 January of the year following the attainment of the professional designation.

Members who have undertaken more than the amount of CPD as set out in regulation 5.1 may not carry forward the surplus hours to the following year or biennium (as applicable). The CPD attainment set out in regulation 5.1 is the minimum that Members are required to achieve to maintain their professional competence. It is recommended that the time investment in CPD exceed these minimum levels.

[1]Members of FMAM [Persatuan Pasaran Kewangan Malaysia (ACI – Financial Markets Association of Malaysia)] who have been admitted as Associates of AICB.

Members may undertake any learning activities relevant to their current or future work and professional responsibilities. The attainment of CPD shall be measured in terms of the time spent on learning activity.

Structured CPD is any form of formal learning activity that is designed to achieve specific learning outcomes and is capable of being objectively verified by a competent source. These include participation in conferences, seminars and professional courses, achieving a specialist or degree qualification, undertaking structured online learning and writing of technical articles, papers or books for publication. The examples of evidence that could be used for verification purposes include confirmation of participation by a provider, instructor or employer, assessment of learning outcomes achieved, examination results transcript and publication of a professional article.

Unstructured CPD is any informal learning activity such as on-the-job training, online research, self-study, casual reading of professional journals and participation in events where the focus is on knowledge sharing. Such learning activities may be measurable in terms of hours but may not be verifiable. These activities also contribute to the development and maintenance of professional competence, but would not be considered to form part of the prescribed quantum of structured CPD.

In assessing CPD hours, Members should record only the actual time spent in active participation 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 informal functions associated with CPD activities but not forming part of the professional development programme, will not be recognised as CPD hour.

Learning activities that are acceptable as structured CPD and unstructured CPD and the number of CPD hours that may be earned are shown in Appendix 2. These are for guidance purposes and are not exhaustive.

All Members subject to mandatory CPD, save as set out in regulation 7.2, are required to complete a CPD declaration as to compliance with the CPD requirements. The declaration is to be submitted as follows:

  • Members who hold a professional designation are required 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 a CPD declaration biennially by 31 January following the end of the biennium (e.g. the CPD declaration for the biennium 2017-2018 should be submitted by 31 January 2019).

A Member will not be required to submit a declaration of his CPD status for the year in which he attained a professional designation even though he is subject to mandatory CPD. However, the CPD hours completed between the date on which the professional designation was attained and 31 December of that year can be reported as CPD hours earned in the year following attainment of the professional designation.

Members who have been granted exemption from the CPD requirements are still required to make a declaration of their CPD status annually or biennially (as applicable) so as to confirm that they continue to meet the exemption criteria.

The CPD declaration must be made online in the membership portal on the AICB website within the timeframes stipulated in regulation 7.1. The CPD declaration form is illustrated in Appendix 3.

Members who fail to make a CPD declaration within the stipulated timeframes or make a false declaration may result in their membership not being renewed. The matter will be referred to the Membership Committee for appropriate course of action to be taken.

Members subject to mandatory CPD are required to record their CPD activities online in the membership portal on the AICB website. It is the responsibility of Members to maintain appropriate records of all CPD activities undertaken which may be requested for review for purposes of monitoring compliance with the CPD requirements.

When recording CPD activity, Members should include information such as the date, organisation presenting the activity, description of the activity, method of learning and time expended. CPD hours earned can be recorded to the nearest half hour. To assist Members in maintaining appropriate records, an example CPD record form is provided in Appendix 4.

Members are also required to keep supporting documentation as evidence of attendance or completion of the CPD activities, e.g. enrolment records, certificate of attendance, certificate of completion, written confirmation of participation by an instructor, provider or employer.

Members must keep their CPD records and supporting documentation for a minimum of 3 years. Such records and supporting documentation shall be subject to review by the Institute and shall be provided to the Institute upon request.

Members subject to mandatory CPD who have attained the age of sixty years old and who have retired from gainful employment and business activity may seek exemption from the CPD requirements by making a written application to the Institute.

A Member subject to mandatory CPD who is unable to meet the CPD requirements due to special circumstances may apply for exemption from CPD. Circumstances recognised for exemption include:

(a) Prolonged illness or disability
(b) Onerous caring duties for a close family member
(c) Parental leave
(d) Unemployment
(e) Career break

Applications for exemption from CPD under regulation 10.2 must be made in writing accompanied by supporting evidence such as a medical certificate or letter from the employer confirming a leave of absence from work. The period of absence from work must be at least three months to be eligible for exemption from the CPD requirements and generally, exemption will be granted pro rata to the period of absence from work.

Exemption from CPD, once granted, will remain in force unless there is a change in the circumstances on which it was granted. It is the responsibility of Members to notify the Institute:

(a) in the case of a Member granted exemption under regulation 10.1, when he takes up new employment or commences business activity;
(b) in the case of a Member granted exemption under regulation 10.2, when the circumstances on which it was granted cease to exist.

The Member shall thereupon become subject to the CPD requirements
under regulation 5.1.

Member who has been granted exemption from the CPD requirements under regulation 10.1 or 10.2 will still be required to submit an annual CPD declaration in accordance with regulation 7.

Click here if you wish to apply for CPD exemption. Please go to the Special Request section in the Portal to submit your application.