CPD Amended Fit and Proper Requirements 20_21

R280.00

COB Category: All Classes of Business

Accreditation valid until: 31 May 2021

CPD Points allocated: 3.5 points | hours

FPI approval number: FPI20050206

Course overview: The amended fit and proper requirements course are an on-line short course outlining the new fit and proper requirements prescribed under Board Notice 194 of 2017 as applicable to financial services providers and representatives in Category I.

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Description

Time allotted for course

The course consists of 4 topics with an assessment that needs to be completed. The time allotted for each aspect is as follows:

Topic number Title Word count Level Time allotted
Topic 1 Categorization of financial services providers 2314 Entry level 20 minutes
Topic 2 Fit and proper requirements for the FSP 4333 Entry level 45 minutes
Topic 3 Fit and proper requirements for representatives 3275 Entry level 30 minutes
Topic 4 Responsibilities relating to competency requirements 2579 Entry level 25 minutes
Assessment 30 minutes

 

    Total time 3.5 hours

 

Assessment and certification

After completion of the workshop the learner must complete an electronic assessment on the learning management system.

  • Form of assessment: Multiple Choice Questions
  • Number of questions: 10 questions
  • Duration: 30 minutes
  • Competency mark: 60%

 

Upon obtaining a competency mark of 60% the learning will receive a certificate of completion. The learner will be afforded an opportunity to re-do the workshop should a competency mark not be attained.