List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
identify and escalate possible breaches of regulatory requirements or organisational policies in accordance with organisational procedures on at least three separate occasions.
The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
organisational, legislative and regulatory requirements relevant to own job role
industry codes of practice relevant to own job role
organisational policies and procedures relevant to workplace
key elements of the regulatory framework for financial markets including:
laws and regulations
industry standards, conventions and guidance documents
ethics
organisational policies and procedures
primary market regulators in Australia and overseas, including:
Australian Securities and Investments Commission (ASIC)
Australian Prudential Regulation Authority (APRA)
Australian Transaction Reports and Analysis Centre (AUSTRAC)
Australian Competition and Consumer Commission (ACCC)
regulatory and reporting obligations and processes relating to:
trade reporting
privacy
money laundering
overseas registration requirements for swaps dealers/substituted compliance
client disclosures
market misconduct
individual work requirements and practices as contained in position description and occupational standards.
Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.
This includes access to:
legislation, regulations and codes of conduct relevant to own job role
information about relevant professional associations required to produce the performance evidence
organisation policies and procedures relevant to own job role.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.