The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Identify and apply organisational requirements of legal principles and regulatory obligations
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Source and access documents for legislation, regulations and policies relevant to provision of financial products and services Completed |
Evidence:
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Interpret and analyse legal principles and organisational implications relating to provision of financial products and services Completed |
Evidence:
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Identify organisational requirements of these documents and their impact on work practices in terms of procedural requirements Completed |
Evidence:
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Execute the procedural requirements relating to operational aspects of laws and regulations, and codes of practice in line with organisational policy Completed |
Evidence:
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Comply with role authorities and restrictions as identified in position profiles Completed |
Evidence:
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Implement internal monitoring/audit program according to organisational and role requirements Completed |
Evidence:
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Establish mechanisms to ensure maintenance and currency of regulatory literature Completed |
Evidence:
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Identify changes and implications of laws, regulations, rules and circulars
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Access changed legislation, regulations and policies in a timely manner Completed |
Evidence:
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Identify and communicate changes to regulatory requirements in line with organisational policy Completed |
Evidence:
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Review operational procedures to reflect changes to regulation and legislation Completed |
Evidence:
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Identify implications for products and services and implement changes in accordance with client, legislative and organisational requirements Completed |
Evidence:
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Comply with any relevant industry or professional codes
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Source, access and apply relevant industry and professional codes of practice to own work in accordance with industry and organisational requirements Completed |
Evidence:
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Interpret key principles and responsibilities in accordance with industry codes of practice Completed |
Evidence:
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Confirm and clarify own interpretation and application of industry codes of practice as required with relevant persons Completed |
Evidence:
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Understand and implement impact of codes of practice on work practices Completed |
Evidence:
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Demonstrate a commitment to comply with industry and professional codes of practice through own ethical behaviour Completed |
Evidence:
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Maintain statutory records
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Maintain copies of relevant records Completed |
Evidence:
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Keep copies of any relevant agreements on file Completed |
Evidence:
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Maintain evidence of current authorisation, training and relevant licences in accordance with organisational, legal and regulatory requirements available Completed |
Evidence:
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