Key Individual Responsibilities – Understanding your role and obligations

Seminar Information

Key Individuals have an enormous responsibility to ensure that they carry out their duties of managing and overseeing the activities of an FSP with the necessary due care, skill and diligence. The activity of “managing” means to have executive control or authority and “overseeing” is the function of supervising a person/s and their work in an official capacity.

Attend this seminar to be sure that as a Key Individual, you fully understand what it means to manage and oversee an FSP.

You will learn about:

  • The importance of acting with due care, skill and diligence in the execution of all duties.
  • Acting within the standards and rules set by legislation.
  • The management and oversight of statutory obligations of the FSP.
  • The rendering of financial services of the FSP and persons authorised to act on its behalf.
  • Instilling a culture of “Treating Customers Fairly” in all aspects of the business.

 

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: Free
Cost for non-members: R 850,00 (incl VAT)


How will attendees benefit

By participating in this seminar, you will:

  • Know what is required of a Key Individual when managing and overseeing the FSP.
  • Be able to describe the role of the Key Individual and monitoring of Representatives and Services under supervision.
  • Have an in-depth understanding of the new Fit and Proper Requirements.
  • Have a broader understanding of the regulatory environment in which the FSP functions.
  • Know the recordkeeping obligations of the FSP.
  • Be comfortable with the requirements of managing the FSP infrastructure.

Who should attend

Key Individuals and any person who is looking to take on the responsibility of a Key Individual should attend so they have a clear knowledge of the obligations and duties which they will have to carry out. Read more about Key Individual Responsibilities.

What attendees had to say about this seminar

“I would like to take this opportunity to thank your team at Masthead. You certainly added value to our practice and the challenges we face as independent brokers. I personally have a clear understanding of the role I play and what is expected of me as a Key Individual in our practice.”

Norman Ehlers | Prestige Wealth Management

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

B-BBEE CERTIFICATE

Masthead is a level 2 B-BBEE contributor.

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