CPD Accreditation detail

Professional Body: IOBSA

CPD hour allocation: CPD Hours (online learning): 3 CPD hours    

CPD registration number: IOB234

Course description:

The financial services industry in South Africa is constantly evolving, with regulatory updates shaping compliance requirements, consumer protection, and industry best practices. Staying informed about these changes is crucial for financial professionals, ensuring they remain compliant and can effectively advise clients.

In this course, we explore the latest regulatory developments in South Africa’s financial sector, examining key legislative changes, compliance expectations, and their impact on businesses and financial advisors. You’ll gain insights into new regulations, emerging risks, and best practices for staying ahead of compliance requirements.

The following topics will be covered in this course:

• Overview of South Africa’s Financial Regulatory Framework – Understanding key regulatory bodies, including the FSCA, SARB, and NCR.
• Recent Updates to the FAIS Act – How changes affect financial service providers and compliance obligations.
• Financial Sector Regulation (FSR) Act and Twin Peaks Model – Enhancing market conduct and prudential regulation.
• Updates in Anti-Money Laundering (AML) and Financial Crime Compliance – Strengthened measures to combat illicit financial activity.
• Consumer Protection and the Conduct Standard Framework – Ensuring fair treatment of clients in financial services.
• Tax and Retirement Fund Regulatory Changes – Implications of tax amendments and pension fund reforms.
• Cybersecurity and Data Protection Laws – Compliance with POPIA and safeguarding client information.
• Cryptocurrency and FinTech Regulation – The evolving landscape of digital assets and financial innovation.
• Best Practices for Compliance and Risk Management – Strategies to meet regulatory requirements and avoid penalties.

By the end of this course, you’ll be equipped with the knowledge to navigate South Africa’s evolving financial regulatory landscape, ensure compliance, and adapt to industry changes with confidence.