If you’re in the financial services industry, you’ve likely come across the term DOFA — Date of First Appointment. But how many professionals truly understand the urgency and implications it carries?
Let’s break it down — and explain why the phase-out of legacy qualifications makes it more critical than ever to act now.
What Is DOFA?
Your DOFA is the official date you were first appointed to render financial services under supervision. According to FSCA regulations, you have exactly six years from your DOFA to complete a recognised FAIS qualification to meet the Qualification condition under the FAIS Fit and Proper Requirements.
Failing to do so means you are no longer considered Fit and Proper under FAIS legislation — a non-negotiable standard in the financial services industry that could result in debarment and the loss of your ability to work in the sector.
The Good News
While the industry prepares for the transition to QCTO-aligned qualifications, the Retail and Short-Term Insurance legacy qualifications are still available — and they remain valid, FSCA-recognised, and widely accepted.
Because replacement QCTO qualifications for these areas have not yet been finalised, the door remains open for you to complete your current qualification and secure your FAIS credits before your DOFA deadline.
Why This Is Urgent
With the legacy qualifications being phased out and no confirmed replacements in place, time is running out — especially if your DOFA anniversary is approaching.
If you’re waiting for the new system, consider these risks:
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You may run out of time before the QCTO qualifications are ready
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You could become non-compliant, risking debarment and job loss
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You cannot afford to miss the six-year cut-off for meeting your FAIS qualification requirement
What You Need to Do Now
1. Check your DOFA date — how much time has passed?
2. Calculate how much time you have left to meet the qualification requirement
3. If you’re still eligible, register immediately for the Retail or Short-Term Insurance qualification
Protect Your Career
Your FAIS qualification isn’t just a formality — it’s your license to operate as a representative in the financial services industry or as a Finance and Insurance Agent (F&I) in the motor dealer space.
Missing your DOFA deadline could mean the end of your career in this sector.
Choose the Right Qualification for Your Career Path
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Retail Insurance Qualification (NQF Level 4):
Ideal for Finance and Insurance Business Managers, particularly in vehicle dealerships and the retail sector. -
Short-Term Insurance Qualification (NQF Level 4):
Best suited for insurance representatives and advisors working in personal or commercial short-term insurance.
Act Now — Your Career Depends on It
Register today through our online portal and ensure your compliance before it’s too late.
Whether you’re new to the industry or approaching the end of your six-year window, this is your moment to take action. Don’t let this opportunity pass you by — take the next step now.