Google Links

Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Identify individual compliance requirements
   • Identify global regulatory frameworks and regulators for financial markets
   • Assess commonalities and key differences in legal requirements for buy-side and sell-side organisations
   • Identify regulatory requirements relevant to own job role
   • Identify industry standards, conventions, organisational requirements and whistleblowing policies and procedures relevant to own job role
   • Identify obligations under the organisation’s code of conduct for own job role
   • Map compliance requirements against individual position description and work practices
2. Escalate compliance issues
   • Identify critical steps for escalating regulatory and ethical concerns
   • Consult with appropriate persons when there is a potential breach of regulatory requirements or a breach of organisational policies or values
   • Escalate issues where there may be a breach of regulatory requirements or organisational policies, in accordance with organisational policies and procedures
   • Analyse and reflect on personal efficacy in identifying and actioning compliance issues
3. Monitor and apply changes in compliance requirements to own job role
   • Monitor changes in regulatory environment that may affect the requirements or responsibilities of own job role
   • Access and analyse documentation relating to changes in compliance issues
   • Undertake organisational training addressing changes in compliance requirements

Performance Evidence

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.

---

Knowledge Evidence

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.

---