The Financial Advisory and Intermediary Services Act, also known as FAIS, aims to regulate financial service providers (FSP’s) by protecting the consumer against improper conduct by such FSPs.
Celebrating 18 months in business When the first buds of new growth appear on the branches of trees, you know spring is just around the corner. The days get longer, the sun wakes you up a bit earlier in the mornings, you start digging around in your cupboard for shirts that have shorter sleeves. And …
“Life is like a multiple-choice question. Sometimes it’s the choices that confuse you, not the question itself.” – Anonymous How to Answer Multiple-Choice Questions So you’ve registered to write the RE1 and RE5 examinations in order to comply with the requirements of the Financial Services Board. Now what? You know the papers are going to …
“You cannot change the circumstances, the seasons or the wind, but you can change yourself. That is something you have charge of.” – Entrepreneur, author and motivational speaker Jim Rohn Autumn is always a colourful season, with the leaves gradually changing from green to copper to glowing red. Watching the trees shed their leaves is …
Can this person afford credit?…..Changes to the National Credit Act Read More »
To qualify as an F&I, you will need a few things. These are all listed below: 1. Firstly you will need to pass the NCA (National Credit Act) examination. It is a half-day course and the exam is written in the afternoon. You also have the option to do the course online but then you …
Training can be done either entirely web-based, or by using web-based training to supplement face-to-face training. Web based training gives the following advantages to the user: Can be done anytime Provides for intermediate online assessments so that the progress of the user can be measured real time Economies of scale and small infrastructure which …
According to Board Notice 260 of 2013, published in the Government Gazette of 19 December 2013, representatives must: 1. successfully complete the relevant first level regulatory examination by 30 June after the expiry of 24 months from the date of first appointment as a representative 2. successfully complete the relevant second …
Amendment to Fit and Proper Requirements for Representatives working under supervision Read More »
RE Level 1 The deadline for passing the Level 1 Regulatory Examination (RE5) is 31 March 2013 for all representatives who were appointed before 31 December 2010. At the FSB/Inseta workshops that were held countrywide during January and February 2013 to assist representatives in their preparation for the exam, the FSB indicated that there is …
February 2013: Update on Regulatory exams and other Fit and Proper Requirements Read More »
