CPD Accreditation detail:
Professional Body: Compliance Institute Southern Africa
CPD hour allocation: CPD Hours (online learning): 2 CPD hours
CISA Accreditation Number: GiE2021060006
The FAIS Act regulates the market conduct of both Financial Services Providers (FSPs) and Representatives in order to enhance the professionalism of the financial services sector. One of the ways to achieve this is to ensure that FSPs and Representatives make certain disclosures to clients when they are being consulted about financial products. The reason for this requirement is to ensure that the clients receiving financial services will be able to make informed decisions and that their financial needs and means are addressed by the financial products that are sold to them.
In this course, we will take a close look at the disclosures that FSPs and Representatives are required to make in terms of the FAIS Act and the General Code of Conduct.
The General Code of Conduct requires FSPs and Representatives to act in such a manner that clients will be able to make informed decisions about financial products and transactions.
This course addresses the requirements of a product provider, FSP and specifically a Representative on what information needs to be made available to the client.
WHO SHOULD REGISTER?
- Existing Key Individuals, Representatives and Compliance officers.
No minimum requirement.