Financial Advisory and Intermediary Services Act (FAIS)

Brought to you by ISS Compliance

General description

“How to give advice” and “How not to give advice”.

How to give advice is a guide to assist sales persons in being comfortable with the processes required in selling financial products based on ADVICE.

How not to give advice is a guide to enhance production by allowing more persons to sell financial products or otherwise render intermediary services whilst meeting the requirements of the FAIS act

Content of course

How Not to Give Advice - FAIS Breakdown for non-advisers

The main aim of the Act
How does the Act do this
What is a financial service?
Who is allowed to sell and under what conditions?
Summary of Summaries

How to Give Advice - FAIS Breakdown for advisers

The content from above plus;
How do I do this?
Practical examples

Aimed at

There are two courses available aim to meet the “operational ability” requirements of this Act

Prerequisites

None

Objectives

By completing this practical course you will be able:

To explain the main aims of the Act;
To explain the main tools used by the regulator;
To explain what a financial product is;
To explain what a financial service is;
To explain who is allowed to sell financial products and under what circumstances; and
To explain when it is necessary to give advice and what processes are to be followed?

Duration

2 hours

Assessment type

5 online assessments to complete at the end of each module

Cost

R500.00 (excl VAT)

Demo

Click here to view the demo

Technical specifications

Adobe Flash player

Available on DVD

Please request pricing

Available on Flash drive

Available with high encryption to secure the data, please request pricing.