Category I FSPs without a CO – how to complete your Compliance Report

Seminar Information

Are you a Category I FSP without a compliance officer? 

Your annual Compliance Report must be submitted to the Financial Sector Conduct Authority (FSCA) by 28 February 2019.

During the FSCA’s last round of onsite audits, they visited 60 FSPs without an external compliance officer and found that at least 80% of these FSPs had areas of non-compliance.

An added concern is Board Notice 194 that came into effect on 1 April 2018 as it brought with it a number of Fit and Proper requirements that every FSP will need to meet. A number of these requirements have been incorporated in the Compliance Report and FSPs who are not familiar with Board Notice 194 will struggle to complete their Compliance Report.

We know this can be daunting for FSPs that are not familiar with the terminology, the interpretations and processes set out by the FSCA. Masthead has assisted many FSPs to complete their annual Compliance Reports. We can make this process a hassle-free and easy one.

Attend our three-hour session facilitated by an experienced compliance officer. During this session you will be guided through each question in the Compliance Report. The terminology, interpretations and processes set out by the FSCA will be explained and you’ll be given tips on how to best demonstrate that your FSP is compliant.

CPD hours:

  • FSPs, Key Individuals and Representatives who attend this seminar will earn 3 CPD points towards maintaining their competence requirements.
  • FPI members will be able to earn 3 CPD points in the Ethics and Practice Standards category.

Cost for members: This seminar is not applicable to members
Cost for non-members: R850.00 (incl VAT)


Who should complete this course

Key Individuals and Sole Proprietors who do not have an external compliance officer and are unsure of what to report on, how the report needs to be completed, which annexures to complete and what documents need to be submitted.

How will attendees benefit

By the end of the session, you will know what the FSCA is looking for and you will have sufficient insight and know-how to complete your Compliance Report with ease.

Accredited by the Financial Planning Institute of Southern Africa (FPI)

MASTHEAD IS

A national supplier of risk management services to independent financial advisors and other licensed financial service providers (FSPs). Established in 2004, we help our clients overcome their risk management challenges so they can grow and thrive in an increasingly regulated industry. Providing professional guidance and practical support, our team of specialists is passionately committed to delivering tangible solutions.

Why Masthead?

CONTACT US

Phone:

+27 21 686 3588

E-mail:

 info@masthead.co.za

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