CPD – Sustainability

Tue Nov 28 2023

The Central Bank of Ireland has advised that they have published a Notice of Intention to recognise sustainability knowledge and competence in the Minimum Competency Code 2017 (MCC).

This change will be introduced by:

  • Updating the competencies for retail financial products in Appendix 3 of the MCC to include competencies relating to sustainability generally for all retail financial products. There will also be additional amendments to incorporate the suitability requirements under the Markets in Financial Instruments Directive II (MiFID II) and Insurance Distribution Directive (IDD).
  • Recognising sustainability training for Continuing Professional Development (CPD) hours, where it is directly relevant to a person’s role.

It is intended that these changes will come into force for anyone selling or providing advice on financial products or services that incorporate a sustainability element from 1 January 202


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