TC 2.2A Time limits

1. (1)

   For the purposes of TC 2.1.1 R, if an employee carries on an activity in TC Appendix 1 (other than an overseeing activity), a firm must ensure that the employee attains an appropriate qualification within 48 months of starting to carry on that activity.

2. (2)

   For the purposes of (1), a firm must record the date on which the employee starts to carry on that activity.

For the purposes of calculating the 48 months referred to in TC 2.2A.1 R, a firm must:

1. (1)

   aggregate periods of time spent carrying on the activity during different periods of employment; and

2. (2)

   disregard any period of 60 business days or more during which the employee is not carrying on the activity due to being continuously absent from work.

A firm must ensure that any employee who does not attain an appropriate qualification within the specified time:

1. (1)

   ceases to engage in the activity to which that qualification would relate; and

2. (2)

   does not resume that activity without first attaining an appropriate qualification.

A firm should, for the purposes of TC 3.1.1 R (Record keeping), make and retain records of the time limits within which the appropriate qualification has been attained.