The SEP/CRM is an all day, one man band lecture/performance by Dr D. of BM/VS fame, and involves sitting in a classroom for a day and not falling asleep.
JAR compliant annual SEP should take about an hour and a half and CRM refresher about 4 hours.
Every third year might take a bit longer for the SEPs with the extra items.
Dont see a problem with what EZY are doing at least on paper.