Continuing professional development (CPD) requirements
Members of the Institute are required to comply with the CPD requirements set out in Statement 1.500 (October 2019). Holders of the specialist designation in insolvency ("SD (Insolvency)") are required to comply with one additional CPD requirement as also set out in Statement 1.500 (October 2019). This additional requirement is that they need to undertake, as part of the total CPD requirements as a member (60 verifiable hours in each rolling three-year period), at least five verifiable CPD hours relating to insolvency for each CPD reporting year.
Compliance with the CPD requirement for the SD (Insolvency) is one of the conditions for renewal of registration as an SD (Insolvency) holder. All holders of the SD (Insolvency) are required to complete their annual CPD declaration for the CPD period ended on 30 November each year for renewal of registration as a CPA. This substantiates that they have complied with the additional CPD requirement for renewal as an SD (Insolvency) holder.
Holders of the SD (Insolvency) who fulfil the Institute's CPD requirements for CPAs by fulfilling another GAA institute's CPD requirements are still required to undertake at least five verifiable CPD hours relating to insolvency for each CPD reporting year in order to satisfy the CPD requirement for SD (Insolvency) holders.
Generally, in order to serve the public interest, no exemption from CPD compliance will be granted to SD (Insolvency) holders.
