CPD Program Assessment

Introduction

The Macau Institute of Financial Services (IFS) has been appointed by the Monetary Authority of Macao (AMCM) as the sole assessment authority for Continuous Professional Development (CPD) Program Activities. The objective of the CPD Program is to ensure that all insurance intermediaries maintain an adequate level of professional knowledge and skills appropriate to intermediary activities and responsibilities. Insurance intermediaries should comply with the requirements of the Insurance Intermediaries Quality Assurance Scheme (IIQAS). They are encouraged to carry on lifelong learning, enhance professionalism and provide excellent services to their potential customers and policy holders.

Assessment Criteria of CPD Activities

CPD activity providers are to submit application (see Assessment Criteria for details) and assessment fee to IFS at least 30 days before the commencement of the activity. All CPD activities are commited to an annually renewal basis. Expired CPD activities will be considered as cancelled if IFS has not received any renewal application within 6 months from the designated expiration date. After all relevant information has been submitted, CPD activity providers will receive a formal notification of the assessment result from IFS in one month.