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 compliance requirements
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Statutory, legislative and regulatory requirements relevant to the brokerage are identified and documented Completed |
Evidence:
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Compliance requirements are identified and analysed for implementation Completed |
Evidence:
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Up-to-date checklist of statutory operational requirements is maintained and observed including reporting requirements and time limits Completed |
Evidence:
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Accurate, reliable and up-to-date information on compliance requirements is identified and collated in a form suitable for analysis and is updated on a regular annual basis or as amendments occur Completed |
Evidence:
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Evaluate compliance factors and determine risk assessment
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Impact of requirements on the brokerage is identified Completed |
Evidence:
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Key risk areas in the brokerage for non-compliance are identified and evaluated in terms of likelihood and intensity Completed |
Evidence:
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Compliance risk factors are evaluated within the context of organisation's mitigating capabilities Completed |
Evidence:
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Establish compliance strategies
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Stakeholder parties to compliance strategy and implementation are identified Completed |
Evidence:
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Ways of systematising compliance strategy are identified Completed |
Evidence:
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Cost-benefit variances are reviewed for implementation Completed |
Evidence:
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Existing strategies are identified and reviewed Completed |
Evidence:
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Alternate strategies are identified and assessed in consultation with the stakeholders Completed |
Evidence:
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Most appropriate strategy is selected Completed |
Evidence:
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Establish resource requirements for compliance purposes
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Technical resources required for compliance purposes are identified and sourced Completed |
Evidence:
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Personnel requirements for the operation of the compliance program are determined and appropriate staff are assigned or recruited, as appropriate Completed |
Evidence:
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Compliance requirements for each role in the organisation are identified and documented Completed |
Evidence:
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Minimum training standards for all personnel are identified and a training program developed in conjunction with appropriate personnel Completed |
Evidence:
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Staff supervision and monitoring processes are in place to ensure staff compliance with requirements Completed |
Evidence:
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Implement and maintain compliance systems
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Regulatory requirements are incorporated into operational procedures Completed |
Evidence:
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Documentation and communication systems that ensure compliance are developed Completed |
Evidence:
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Practices and procedures in brokerage are reviewed for compliance Completed |
Evidence:
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Non-compliance practices are identified and measures put in place to correct these Completed |
Evidence:
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Irregularities, non-compliance and breaches are promptly identified and attended to Completed |
Evidence:
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Staff are consulted to test integrity of systems Completed |
Evidence:
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Areas for improvement in systems are identified through staff consultation and recommendations made to appropriate personnel Completed |
Evidence:
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Process for reporting of breaches of laws and regulations is documented Completed |
Evidence:
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Documentation and operational, and communication systems are implemented and checked for viability Completed |
Evidence:
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New compliance requirements are integrated into work systems as required Completed |
Evidence:
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Ensure statutory reporting requirements are met
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Identify reporting requirements and establish timeframes for reporting Completed |
Evidence:
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Organisational guidelines for preparing statutory reports are accessed and made available to relevant staff Completed |
Evidence:
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Statutory reports are prepared according to organisational guidelines and statutory requirements Completed |
Evidence:
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Statutory reports are checked for compliance Completed |
Evidence:
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Submission of statutory reports is confirmed with the appropriate parties Completed |
Evidence:
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