Yes. A retail investment advisers firm is permitted to suspend the CPD requirements for the period of time where an adviser is continuously absent from work if the absence is due to: maternity, paternity or adoption leave; long-term illness or disability or caring responsibilities for a family member who has a long-term illness or disability.
Individuals who have been employed outside of the role of retail investment adviser or been unemployed without intention of returning to the role would not be expected to carry out CPD for the period of absence. We extend these exemptions to our CPA and Chartered Memberships.
However, individuals who intend to return to the role but who may have been temporarily employed outside of the role or taken voluntary/ enforced unemployment/ garden leave, would be expected to carry out CPD to keep their knowledge up-to-date.