If enabled through the Competency Framework by the Admins, you will be able to provide feedback on competencies that your company has defined.
If you wish to provide/receive feedback on these competencies in the Instant Feedback module, navigate to 'Instant Feedback' > 'Actions' > 'Give/Request feedback'. The relevant competencies for the respective user selected (you or your colleagues) will be listed at the bottom. You can click the '+' next to the competency which you would like to provide/receive feedback on. You can then provide feedback on each specific competency separately. If you would like to obtain the description of the competency, simply click on the informational icon 'i' next to the competency in the list and the respective description will be visible for more details.