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.

Why Masthead?

CONTACT US

Phone:

+27 21 686 3588

E-mail:

 info@masthead.co.za