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  1. Point in time

TC 2.2A Time limits

Calculation of time limits for attaining an appropriate qualification

TC 2.2A.1RRP
  1. (1)

    1For 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 482 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.

TC 2.2A.2RRP

For the purposes of calculating the 48 2months 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.

TC 2.2A.3RRP

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.

TC 2.2A.4GRP

Firms may wish their employees to attain an appropriate qualification within an earlier time limit or to place limits on the number of times that qualification can be taken.

TC 2.2A.5GRP

Firms may wish employees who carry on an overseeing activity specified in TC Appendix 1 to attain an appropriate qualification within 482 months of starting the activity.


TC 2.2A.6RRP

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.