Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSFMK505 Mapping and Delivery Guide
Comply with financial services regulation and industry codes of practice
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSFMK505 - Comply with financial services regulation and industry codes of practice |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to ensure compliance with finance industry regulations and industry codes of practice on an organisational level.It applies to individuals who use, maintain and disseminate highly specialised knowledge to a range of personnel to ensure compliance and quality standards.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial markets field of work and include access to: office equipment, technology, software and consumables financial services legislative and industry code of practice information. Assessors must satisfy NVR/AQTF assessor requirements. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Identify and apply organisational requirements of regulatory obligations |
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Element: Identify changes to regulations and procedural implications |
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Element: Comply with any relevant industry or professional codes |
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Element: Maintain statutory records |
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