CPD is a commonly used abbreviation for Continuing Professional Development.
Many regulated industries require individuals to build up a wealth of knowledge to show their progression and competence for their role. This is a key theme for all firms who are regulated by the Financial Conduct Authority (FCA) (including Appointed Representatives).
In order to comply with the FCA’s requirements firms must be able to provide evidence of any relevant training undertaken. Therefore it is advisable for firms to keep a training file that records their CPD in order to fulfil this requirement.