The Institute makes available a CPD Compliance Report in January of each year. You will be asked to declare you have met the minimum CPD hours as set out below.

Note:

Starting in 2019, there is a new annual requirement in addition to the triennial requirement.

Only Students who have passed the MQE, but have not yet obtained their CBV designation, are required to complete CPD as per the requirements above. However, CPD becomes mandatory only in the year after you passed the MQE (in other words, the “clock starts” on the annual and triennial CPD requirements in the year after you pass the MQE).

CPD must be relevant and appropriate to your professional responsibilities. Ongoing CPD enables you to maintain and improve the skills that the public expects from you as a valuator. Activities must be either technical or practice-related in nature, in areas in which you are generally active, and may be related to valuation, litigation, quantifying economic losses, investment advice or investment management, pricing, negotiation or structuring transactions, including M&A. They may also be activities related to the industry in which you or your clients operate. They may also be related to managing a practice, ethics and standards, or personal or soft skills (if they enhance your abilities as a valuator).

You will need to use your professional judgment to determine what industry-related CPD is appropriate for your professional responsibilities. Some examples may include sessions on economic updates, tax updates, applicable laws and regulations, debt or equity markets, accounting standards, or other finance or business topics related to your industry. The records you maintain should evidence the nature of the CPD activity and its relevance to your responsibilities.

At least 50% of your CPD hours must be “verifiable” – able to be confirmed with evidence. This means you must have documentation to support your CPD activity. The chart below will help you determine if your CPD activity would count toward the verifiable hours required and help ensure you maintain the documents needed to support your CPD declaration and which are required by the Institute in the event you are audited.

To help record, update and track your hours, you can use our optional CPD Tracking System.

Important note: Starting in 2019, the CBV Institute online Tracking System is optional only, and filling in your hours in this system does not constitute CPD reporting. All Members and Students will be required to complete an annual CPD Compliance Report. 

You may qualify for an exemption in a given year, including CPD reporting, if:

Note: Exemption from the Mandatory CPD requirements in a given year may, at the discretion of the Institute, be granted for other extenuating circumstances.

Yes. Each year, CBV Institute performs CPD audits on randomly selected Members and Students. You may be audited at any time, so it is important to keep records and supporting documents related to your CPD activities.

If you did not complete the minimum annual and triennial CPD requirements by December 31 you will still need to complete your Compliance Report by March 1.

Following March 1, you will receive a letter via mail and email letting you know that you are not in compliance and you will have 6 months from the date of this letter to make up the CPD shortfall, otherwise your membership may be suspended.