Those Relevant Practitioners who have at least 10 years of relevant customer-facing work experience described below, may be eligible for grandfathering.
| Recent PWM customer-facing functions (i.e. x = at least 5 years) | AND | Other customer-facing functions in the financial services industry (i.e. y = (10 years minus x), and multiplied by 2 [if x is not greater than 10 years]) |
| 5 years | 10 years | |
| 6 years | 8 years | |
| 7 years | 6 years | |
| 8 years | 4 years | |
| 9 years | 2 years | |
| >= 10 years | 0 year |
The counting of years of relevant experience is calculated up to the nearest month, with days less than one month rounded up to the nearest month and cut-off as at December 2014.
For example, an applicant employed in a PWM institution with customer-facing functions from 20 March 2007 to 31 December 2014, would have 7 years and 10 months relevant working experience and would need to have an additional 4 years and 4 months relevant working experience in other customer-facing functions in the financial services industry in order to meet the 10 years relevant working experience requirement.