CPD Requirements and responsibilities for Financial Services Providers 21_22

R240.00

COB Category: All Classes of Business

Accreditation validity: October 8, 2022

CPD Points allocated: 3.0 hours | points on completion and pass of assessment

FPI approval number: EVT-20210928-0040

Course overview: The course considers the requirements imposed on a Financial Services Provider by the Financial Advisory and Intermediary Services (FAIS) Act to obtain and maintain their authorisation to provide financial services as a regular feature of business. Furthermore, the enforcement action that can be taken against a Financial Service Provider for non-compliance with the Financial Advisory and Intermediary Services (FAIS) Act is also considered.

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Description

Time allotted for course

The course consists of 6 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 Application Process 3 689 Entry 30 minutes
Topic 2 Fit and proper requirements for Financial Services Providers 9 807 Entry 85 minutes
Topic 3 Appointment of regulated officers 3 195 Entry 30 minutes
Topic 4 Ongoing licensing responsibilities 2 579 Entry 20 minutes
Topic 5 Enforcement action 1 398 Entry 10 minutes
Topic 6 Other license status changes 790 Entry 5 minutes
Assessment

 

    Total time 3.0

 

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: 15 questions
  • Duration: 45 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.

 

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