General ACCAWhen to submit CPD for new member

Hi, Just wanted to confirm I'm understanding the timing correctly. So ACCA states that "If you have just become a member you need to ensure that you’re participating in our CPD program from 1 January after you became a member". So I achieved membership on 23 Jan 2022. So for me the next 1 Jan would be 1 Jan 2023. So my understanding is that I only need to start doing CPD for the calendar year 2023 and submit my first declaration on 1st January 2024 for the period (1 Jan - 31 Dec 2023)? I am exempt from any CPD in 2022 since I achieved my membership after 1st of January Is my understanding correct?