Continuing Professional Development (CPD) Policy

Preface

The Society undertakes to assure the public in the quality of professional services of HKRFP members. The Continuing Professional Development (“CPD”) requires the HKRFP members to observe in order to maintain and improve their professional competence and to meet the public expectations about the quality of their services.

1. Credit system
  1. Members are required to accumulate a minimum of 15 CPD hours per calendar year.
  2. Members, who have been granted retired status or have extenuating circumstances, are exempted from the CPD requirements.
  3. The Society may grant exemption to members, who have other reasonable reasons that they are unable to fulfill the CPD requirement in, upon receiving their application.
2. CPD records
  1. Members are required to maintain appropriate records of all CPD activities completed in a calendar year and sufficient supporting evidence for The Society to audit for at least three years. The report is due upon the membership renewal every year.
  2. Members are required to file a declaration of CPD compliance with The Society at the time of their annual membership renewal except for those are granted exemption from CPD requirments.
3. Non-Compliance
  1. If a non-compliance member fails to achieve the minimum required number of credits will be given advice on the appropriate CPD activities and an action plan for completing the shortfall within a reasonable period of timefor extension period.
  2. If, subsequent to the extension period, a member is still found not have achieved the minimum required number of CPD credits or found persistently not complied with the CPD requirements, the member may be referred to the Board for disciplinary action.
4. Qualifying structured courses

A structured course qualified as acceptable CPD if it is a formal course of learning which contributes to the growth in the professional knowledge and professional competence of an individual in the practice of the profession. A formal program means

  1. the course is at least not less than 50 minutes
  2. attendance is recorded
  3. attendees are provided a certificate of completion
5. Qualifying topics.

Courses dealing with the following general subject areas are acceptable:

  1. Accounting
  2. Asset management
  3. Budgeting and cost analysis
  4. Business ethics
  5. Business law
  6. Client and public relations
  7. Comminication skill
  8. Computer skills
  9. Crisis management
  10. Economics
  11. Financial planning
  12. Human resource management
  13. Information technology
  14. Insurance
  15. Interpersonal skills
  16. Investment
  17. Litigation support
  18. Mathematics
  19. Management advisory services
  20. Management and organization
  21. Motivational and behavioral studies
  22. Negotiation or dispute resolution
  23. Practice development
  24. Presentation skill
  25. Professional ethics
  26. Project management
  27. Specialized areas of industry
  28. Statistics
  29. Taxation
  30. Other relevant professional subjects