How often must registered persons complete a computer-based training session under the regulatory element?

Registered persons are required to complete a computer-based training session under the regulatory element every three years. This requirement is part of the ongoing education that professionals must undertake to stay updated on important industry regulations and practices. The three-year cycle is designed to ensure that individuals remain well-informed about changes in regulations, compliance obligations, and ethical standards relevant to their roles, which is crucial for maintaining the integrity of the financial services industry.

In addition to the regulatory training, registered individuals also have the responsibility to fulfill continuing education requirements that may encompass other training sessions, but the specific focus on the computer-based training is mandated at this three-year interval to emphasize its importance in ongoing professional development. This interval allows the industry to adapt to changes while still ensuring that professionals are not overwhelmed with frequent mandatory training, striking a balance between compliance and practicality for those in the field.