Course Summary:

The Central Bank of Ireland issued its new Minimum Competency Code (MCC) on 1st September 2011 replacing the Minimum Competency Requirements which came into effect on 1st January 2007. The Code took effect on 1st December 2011 and replaces the Requirements from that date.

This half day training course will help to enable appropriate personnel to record, monitor and plan for the Minimum Competency Code for existing personnel and new recruits. It will outline the requirements needed on a day-to-day basis including compliance, recording and monitoring. It will also outline the requirements needed in the Employee Handbook, Employee Contracts etc.

Course Content:

Section 1: How MCC fits into Fit and Proper Standards

  • Minimum competency standards
  • Recognised qualifications
  • Demonstrating appropriate experience and qualifications

Section 2: New Entrants

  • Initial training
  • Supervision
  • Working towards a recognised qualification
  • Time frames

Section 3: Grandfathering Arrangements

  • What is acceptable?
  • What needs to be done?
  • Grandfathering assessment
  • Compliance with experience requirement
  • CPD requirement

Section 4: Prescribed Script Function

  • Requirements of devising a script
  • Training programme
  • Additional on-going training requirements
  • Procedure when requests for information and advice occur
  • Supervision

Section 5: Continuing Professional Development (CPD)

  • On-going maintenance of CPD
  • Timeframes for qualification holders
  • Timeframes for grandfathered persons
  • Functions
  • Procedure for surplus hours
  • Procedure for shortfalls
  • Formal CPD hours
  • Procedure for undertaking CPD hours
  • Procedure for pro-rata adjustment of CPD hours

Section 6: Records Requirements

  • Procedure for recording and monitoring qualified persons and grandfathered persons
  • Procedure for recording breaches of CPD requirements
  • Procedure for recording pro-rata adjustments
  • Procedure for recording all other relevant documentation

Section 7: Minimum Competency Qualifications

  • Procedure for outlining recognised qualifications for each particular job role
  • Exemptions from recognised qualifications
  • Procedure for recording and recording other qualifications that may meet competencies

Course Outcome:

After the completion of this course participants will have an overall understanding of how to comply with the Code. It will enable them to develop procedures for existing employees and new recruits to ensure that they have the appropriate experience and qualifications for dealing with customers or for undertaking the specified functions that are outlined in the Code. It will also help develop a system for ensuring all appropriate records are documented and kept.

Who Should Attend:

This course would be applicable for the following personnel:

  • Board Directors
  • Compliance Officers
  • HR Personnel
  • Financial Regulators


€380 per attendee (All training fees are VAT exempt)


Date Time Venue

Thursday 26th October 2017

9:15 am- 1.15 pm


38/39 Baggot Street, Dublin 2

Alternative Payments:

To pay by bank transfer/cheque please make your booking via including the course name, course date, your name and contact details (including email address and telephone number). We will email you with an invoice and course details which includes the details of how to make payments.


If you wish to enquire about a course before booking, please contact us at

CPD details:

Institute of Bankers: Formal CPD Hours

QFA: 3.5 hours
CPD Member: 3.5 hours
RS CPD Member: 3.5 hours
LCOI: 3.5 hours
Chartered Banker: 3.5 hours
CeB (Certified Banker): 3.5 hours

Insurance Institute of Ireland: Formal CPD Hours

CPD Member: 3.5 hours for MCC Product Categories 4,5,6

ACII/FCII Chartered Insurance Institute CPD Scheme: 3.5 hours

Life Association of Ireland (LIA)

3.5 Formal Hours

What Others Say:

Please click here to read what previous attendees have said about our courses.

Please read:

For more information on our Terms & Conditions and Cancellation Policy and Privacy Statement please click the link.

Copyright © 2014-2017 Compliance Ireland - Financial Services Regulation Training and Consulting. All Rights Reserved.
38-39 Baggot St. Lower, Dublin 2, Ireland Tel: +353 (0)1 425 5962 Email:
site design: cobweb