Supervision Requirements : FAIS Notice 86 of 2018
3 CPDR366.00
Accreditation expiry date: 31/05/2025
There are several changes brought in by the new Exemption of Supervision, which takes effect on 1 February 2019. It is, therefore, important to know what exactly the Exemption provides and to plan and supervise accordingly. The Exemption is not only applicable to new entrants to the industry but also to existing representatives working under supervision.
The course aims to equip you with the knowledge you will need to ensure a smooth transition from the before the new supervision regime.
Once you have completed this course you will be able to:
- compare the provisions of the new exemption to those of the previous exemption.
- understand and explain when a representative may be appointed under supervision.
- know what the entry-level requirements for a representative working under supervision are.
- understand, explain and apply the seven conditions of the exemption; i.e. entry-level requirements, specific compliance periods, supervision agreement, duties of the FSP, duties of the supervisor, duties of the representative and intensity of supervision.
- know and apply the steps for appointing a representative under supervision.
- incorporate supervision according to the new exemption in your FSP.
Who Should Register
- Representative
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