4. EXTENT OF CONTINUING PROFESSIONAL EDUCATION
4.1 From January 1, 2002, at least 35 hours every year must be devoted to continuing study. A minimum of 14 hours in any one year (and at least 63 hours in a 3 year period) must be spent on structured courses.
Time-value of Structured Courses
4.2 The hours actually spent on participating in structured courses will count one for one towards the total requirements. However, time spent on course registration, lunches, dinners, coffee breaks and other social activities, and the completion of post-conference assessment forms should be excluded. Only the time spent on technical content, pre-reading and assignment completion should be recorded. The time allocation for pre-reading will be specified for each course.
4.3 Hours spent on course leadership or instruction are available for the first time only on a given topic. Further hours for the same topic will not be allowed where major upgrading or restructuring of the course or seminar material has not occurred. Five hours of preparation time is allowed for every hour of presentation.
4.4 A maximum of 14 hours per annum will be allowed for the following:
· Each major change in job environment.
· Each major involvement in effecting mergers, take-overs, public share issues, development and implementation of major financial or management information systems.
· Employment related experience involving the completion of a project or assignment which required the member to research and obtain knowledge in a qualifying field.
· Each article or brief published on a qualifying topic.
4.5 A maximum of 35 hours per annum will be allowed for study leading to a post graduate or another professional qualification.
4.6 Professional development of a repetitive nature will not normally qualify for CPE hours. Advance rulings as to the eligibility of professional development activities undertaken by members may be sought through the Institute’s Secretariat.
