Introduction to the new Fit and Proper Requirements
Seminar Information
We will provide you with an introduction to the new Fit and Proper Requirements so you understand the changes and how your FSP, Key Individuals and Representatives will be impacted.
On completion of this seminar you will:
Be aware of the six new product categories which some FSPs will need to apply for.
Understand the new definitions and concepts, such as product tiers, classes and subclasses.
Know what it means for an FSP to be in “Good Standing” – an addition that forms part of the Honesty and Integrity requirements.
Be informed of the changes and additions to the Competence requirements which include Qualifications, RE Exams, Experience requirements, Class of Business Training, Product Specific Training and Continuous Professional Development.
Understand the Operational Ability Requirements that have been added, specifically the Governance Framework which FSPs will now need to adopt, document and implement.
Be aware of the important changes to the Financial Soundness requirements and new reporting requirements
Recognise the transitional arrangements and exemptions applicable to your FSP
CPD hours: 1.5 Cost for members: Free Cost for non-members: R 450,00 (incl VAT)
Who should attend
Key personnel of Financial Service Providers including; Key Individuals, business owners, Representatives and compliance personnel.
How will attendees benefit
By participating in this seminar, you will gain a good understanding and overview of the new licencing requirements as well as other changes which you will need to implement and comply with to ensure your practice remains in business.
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.
This document illustrates the Privacy Policy for this Website, www.masthead.co.za
Personal Information
The privacy policy illustrates how Masthead (Pty) Ltd protects the information that is provided to it by its users.
Masthead (Pty) Ltd will not sell or rent its user’s personal identifiable information to third parties.
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Electronic Communications
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Changing of Information
Masthead (Pty) Ltd reserves the right to change the Privacy Policy on an ad hoc basis at its sole discretion. Masthead (Pty) Ltd is not responsible for the content or privacy practices of non-Masthead websites to which it refers.
Contact information
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Information, ideas and opinions expressed on this site should not be regarded as binding advice or the official opinion of Masthead (Pty) Ltd and users are encouraged to consult professional advice before taking any course of action related to information, ideas or opinions expressed on this site.
DISCLAIMER
Masthead (Pty) Ltd has, and will continue to take reasonable care to ensure that all information, in so far as this is under its control, provided on this website is true and correct.
Masthead (Pty) Ltd shall not be responsible for, and therefore disclaims any liability for, any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this website.
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Links to other sites
Our website contains links to other sites. Please be aware that Masthead is not responsible for the privacy practices of such other sites. We encourage users to be aware when they leave our site and to read the privacy statements of each and every website that collects personally identifiable information. This privacy statement applies solely to information collected by this website.
