Continuous Professional Development Training (CPD Hours)

The Financial Advisory and Intermediary Services Act, 2004 sets out the fit and proper requirements for financial services providers, key individuals and representatives. The fit and proper requirements were initially regulated by Board Notice 106 of 2008 which has now been repealed by Board Notice 194 of 2017 which was issued on the 15 December 2017. Not all provisions of this Board Notice come into effect on the same date, however the first effective date of some of the provisions is the 1st of May 2018.

The Board Notice introduces changes to the; product categorisation; required training for representatives and key individuals; operational ability of representatives; governance requirements and enhances financial soundness requirements for financial services providers. It further sets out regulatory requirements for juristic representatives.

In line with the Board Notice we offer the following CPD Trainings

• 1. FAIS Fit and Proper Requirements - 3.5 IISA CDP Hours
• 2. Twin Peak Act (FSR Act 9 of 2017) - 6 IISA CPD Hours