According to CISI P6, what should be maintained regarding professional competence?

Maintaining and promoting professional competence is essential in the field of finance and investment, as outlined in the CISI P6. This emphasizes the importance of continuous learning and development in order to stay current with industry standards, regulations, and best practices. Actively maintaining competence allows professionals to provide high-quality services to clients, adapt to changes in the market, and uphold the integrity of the profession.

Engaging in professional development activities such as further education, training, and certifications contributes to the overall competence of an individual. Furthermore, promoting competence within a team or organization fosters a culture of excellence and responsibility, encouraging others to strive for professionalism and ethical conduct. This proactive approach ensures that individuals not only meet but also enhance their skills and knowledge, which is vital in a dynamic and evolving industry.

In contrast, maintaining competence in a static manner or viewing it as a self-serving endeavor does not align with the expectations set by professional bodies. Concealing competence from colleagues undermines collaboration and the sharing of knowledge, which is crucial in fostering a supportive professional environment.