How should firms use the Regulatory Element Quarterly Performance Report in planning the content of their Firm Element training programs?
A. The Quarterly Performance Reports provide the aggregate performance of a firm’s registered employees who participated in the Regulatory Element during the most recent quarter. Performance is shown by subject area i.e., by module. Firms should review the reports to identify modules where firm personnel perform below the industry norm. For example, if a firm’s aggregate performance is below average in the “Suitability” module, the firm should consider including suitability in its Firm Element training plan.
Related Questions
- Does my firm still have to report payroll (on the Employer Payroll and Contract Labour Report) even if it already completed a quarterly report?
- What type of feedback do firms receive about their registered employees performance on the Regulatory Element?
- What Is a Performance and Accountability Report?
