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CIMA CPD: Noncompliant members

ll CIMA members are required to undertake CPD, which or unregulated. In an increasingly complex business landscape,
Ais an important part of the guarantee of professionalism a robust CPD monitoring programme ensures CIMA members
that CIMA membership imparts. To ensure that the are seen as professional, relevant, and properly equipped for
Institute’s CPD monitoring remains robust, fair, and the demands of business now and in the future. CPD is
targeted, Regulations Part 1 13–18, which govern CIMA’s CPD therefore a fundamental part of membership and protecting
monitoring requirements, were updated in March 2020. The the value and reputation of the profession, the wider
changes were communicated to members at the time. membership, and CIMA. CIMA will therefore take robust action
Regulation 18A introduced fixed financial penalties for on the small number of members who fail to comply with the
noncompliance (the Fixed Penalty Scheme). Nonsubmission of requirements.
an adequate CPD record to CIMA by a specified date is If selected for CPD monitoring, please ensure you comply
considered noncompliance and a breach of the regulations. with the requirements of that request. CIMA has a dedicated
Over the past monitoring periods there have been a small team that can help you through the CPD monitoring process
number of members who have not complied with CIMA’s CPD and answer any queries you may have. It is also important that
requirements. Regulatory action has been taken against those all your contact details are up to date with CIMA so that we can
members, which has included removal from membership or contact you easily should you be selected for monitoring.
referral to CIMA’s Professional Conduct department. More information on how to meet CIMA’s CPD requirements
Undertaking CPD and being monitored for compliance is can be found in the CPD monitoring area of the CIMAglobal
what sets professional accountants apart from the unqualified website.

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32 I FM MAGAZINE I December 2022