Under the FCA's regulations for training and competence, an individual working for an insurance intermediary can only perform unsupervised work once they have?

An individual working for an insurance intermediary must be assessed as competent before being allowed to perform unsupervised work under the Financial Conduct Authority's (FCA) regulations for training and competence. This assessment ensures that the individual possesses the necessary knowledge, skills, and understanding to carry out their duties effectively without direct supervision.

Competency assessment is crucial in maintaining high standards in the insurance industry and ensuring that personnel can make informed decisions that comply with regulatory requirements and ethical standards. Being deemed competent may involve a combination of practical experience, specific skills tests, or evaluations of an individual's ability to apply their training in real-world scenarios.

While the other options could be related to aspects of employment or development within a firm, they do not directly address the regulatory requirement mandated by the FCA for unsupervised work. Specifically, merely having a tenure at the firm or completing examinations does not guarantee that an individual is ready or competent to perform duties independently. The focus on competence as a criterion is a core principle in fostering accountability and responsible practices in the insurance sector.