How many years of experience must a new qualifying party have within the last decade?

In order to qualify as a new qualifying party, the requirement is to have a minimum of 10 years of relevant experience in the field within the last decade. This experience is crucial as it ensures that the individual possesses the necessary skills, knowledge, and understanding of the industry, which are essential for making informed decisions and managing operations effectively. The emphasis on a full decade of experience reflects the complexity and evolving nature of the field, thus reinforcing the expectation for substantial hands-on exposure over an extended period. This requirement supports the goal of maintaining high standards within the profession.