Assessing competence
Firms decide which methods to use when assessing employee competence. We define competence as having the skills, knowledge and expertise needed to discharge the responsibilities of an employee’s role. This competence includes achieving a good standard of ethical behaviour. It is not just a question of having the appropriate qualification and reading the Statements of Principle for Approved Persons where required. Firms need procedures in place with clear criteria for individuals to be assessed as competent, so all parties involved understand when competence has been reached. - See more at: https://www.the-fca.org.uk/training-and-competence#sthash.eO6ayOVT.dpuf