The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Identify and apply organisational requirements of legal principles and regulatory obligations
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Source documents for legislation, regulations and policies relevant to the provision of financial products and services are sourced and accessed Completed |
Evidence:
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Key legal principles and organisational implications relating to the provision of financial products and services are interpreted and analysed Completed |
Evidence:
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The organisational requirements of these documents and their impact on work practices are identified in terms of procedural requirements Completed |
Evidence:
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Procedural requirements relating to operational aspects of laws and regulations and codes of practice are executed in line with organisational policy Completed |
Evidence:
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Role authorities and restrictions as identified in position profiles are complied with Completed |
Evidence:
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Internal monitoring/audit program is implemented according to organisational and role requirements Completed |
Evidence:
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Mechanism is established to ensure currency of regulatory literature is maintained Completed |
Evidence:
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Identify changes and implications of laws, regulations, rules and circulars
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Changed legislation, regulations and policies are accessed in a timely manner Completed |
Evidence:
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Changes to regulatory requirements are identified and communicated in line with organisational policy Completed |
Evidence:
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Operational procedures are reviewed and reflect changes to regulation and legislation Completed |
Evidence:
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Implications for products and services are identified and changes implemented in accordance with client, legislative and organisational requirements Completed |
Evidence:
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Comply with any relevant industry or professional codes
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Relevant industry and professional codes of practice are sourced, accessed and applied to own work in accordance with industry and organisational requirements Completed |
Evidence:
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Key principles and responsibilities are interpreted in accordance with industry codes of practice Completed |
Evidence:
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Own interpretation and application of industry codes of practice is confirmed and clarified as required with relevant persons Completed |
Evidence:
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Impact of codes of practice on work practices is understood and implemented Completed |
Evidence:
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Own ethical behaviour demonstrates a commitment to comply with industry and professional codes of practice Completed |
Evidence:
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Maintain statutory records
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Copies of relevant records are maintained Completed |
Evidence:
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Copies of any relevant agreements are kept on file Completed |
Evidence:
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Evidence of current authorisation, training and relevant licences are maintained in accordance with organisational, legal and regulatory requirements available Completed |
Evidence:
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