Cap. 487 ст. 43MProfessional and organisational requirements.

(1) An authorised insurance undertaking, an authorised reinsurance undertaking, and their employees, carrying out insurance distribution activities and reinsurance distribution activities, as applicable, are required to possess appropriate knowledge and ability in order to complete their tasks and perform their duties adequately, as may be determined by means of Insurance Distribution Rules issued under this article.

(2) An authorised insurance undertaking and an authorised reinsurance undertaking and their employees, carrying out insurance distribution activities and reinsurance distribution activities, as applicable, shall comply with continuing professional training and development requirements in order to maintain an adequate level of performance corresponding to the role they perform and the relevant market, as may be determined by means of Insurance Distribution Rules and, or Conduct of Business Rules issued under this article.