Regulatory Examinations: First Level

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General description

This course is designed to help easily explain and understand the applicable tasks and qualifying criteria for the First Level regulatory examination that are described in Board Notice 105 of 2008 for key individuals and representatives.

Subject Matter Expert: Adri Grobler B.Iuris LLB

Consultant to the Banking Association South Africa; BANKSETA; the National Treasury; and the financial services sector on issues such as training and workshop facilitation, practical interpretation and implementation of legislation compliance and risk management requirements; development of reference and training material on Compliance, Risk management, FAIS, NCA; Conference speaker on FAIS, NCA and market conduct legislation and research consultant on financial regulation in South Africa.

Content of course

Module 1: Introduction to the FAIS Act
Module 2: The fit and proper requirements of the Key Individual in terms of the FAIS Act
Module 3: The fit and proper requirements of the Representative in terms of the FAIS Act
Module 4: Services under supervision
Module 5: Management responsibilities of the KI
Module 6: Obligations under the codes of conduct
Module 7: Oversee and manage the compliance function
Module 8: The regulatory universe in which the FSP and the Key Individual function
Module 9: Maintain the FSP license, and manage the infrastructure
Module 10: Voluntary lapsing of license
Module 11: Record keeping obligations of the FSP
Module 12: Auditing and accounting requirements for the FSP
Module 13: The impact of the FICA of FSPs
Module 14: Investigations by the FAIS Ombud

Aimed at

This course is aimed at all Key Individual's in Category I, II, IIA and III

Prerequisites

None

Objectives

By completing this practical course you will be able:

To explain and understand the purpose of the Financial Advisory and Intermediary Services Act;
To explain and understand the regulations of the Financial Advisory and Intermediary Services Act;
To explain and understand the General Code of Conduct;
To explain and understand the determination of Fit and Proper requirements

Duration

Approximately 4 hours

Assessment type

14 online assessments at the end of each module and one final assessment

Cost

Online version R595.00 per person (excl VAT)

CD ROM/ DVD version R695.00 per person (excl VAT)

Demo

Click here to view the demo

Technical specifications

Adobe Flash player

Sound

ADSL Internet connectivity