Annual Review of Competence Progression

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Annual Review of Competence Progression

A mechanism for assessing the competence of specialist trainees in the UK, which recently replaced RITA. The ARCP assesses the trainee’s portfolio of evidence, structured training report (STR), and any other documented assessments, and weighs the trainee’s suitability to progress to the next stage of training or confirm training completion (CCT).
References in periodicals archive ?
Despite the ARCP debacle, the equity REIT industry has remained stable over the past few years.
For the ARCP, he blamed the delay on the difficulty of municipalities, especially the poorer ones, to shoulder half the cost of the project, as required by the Department of Finance under the original terms of the loan.
The lawsuit, which was lodged by a group of ARCP investors, accused Schorsch and other executives of falsifying cash flow data to improperly inflate the company's stock value.
ARCP has agreed that, upon receipt of the cash payment and promissory note, ARCP will dismiss with prejudice its lawsuit against RCS Capital and the acquisition of Cole Capital will not proceed.
The independent members of the ARCP Board of Directors and ARCP management are evaluating all alternatives under the agreement and with respect to the Cole Capital business, generally," the firm said.
The fact that RCAP and ARCP are distinct corporate entities with separate boards and the like is technically true, but the scandal has tarnished the entire Schorsch brand.
ARCP stated further that it plans to use the cash proceeds to repay outstanding debts.
Another ARCP employee allegedly brought this methodological error to their attention, but no corrective change was made to the first quarter 10-Q while the issue was under review.
ARCP said it will be unwinding all of its relationships with entities in which Schorsch maintains an executive or director-level role or is a significant stockholder.
According to the firm, Schorsch and Block are two of the executives who built ARCP and assembled its property portfolio since its initial public offering in September 2011.
These developments followed the debacle of last October, when American Realty Capital Properties (now VEREIT) reported $23 million of accounting errors; at the time, the co-founder of ARCP, AR Capital and RCAP -- Nicholas Schorsch -- was executive chairman of both ARCP and RCAP.
ARCP has acquired properties for more than $ 15 billion in the past two years and recently took over the rival REIT, Cole Real Estate Investments, for $7.