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Tag Archives | CPD

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CPD – 31 May Deadline drawing ever nearer

In terms of the Fit & Proper requirements (BN194), CPD for regulatory (FSCA) purposes was officially implemented as a requirement. This means advisors are obliged to perform CPD activities towards regulatory (FSCA) CPD requirements during a CPD cycle, which is a period of 12 months commencing on 1 June of every year and ending 31 May of […]

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Key-Individual

Key Individual Workshops – back by popular demand

Due to high demand for the KI workshops in October 2018, Moonstone will run more workshops in the next few months. More about the workshop The new Fit and Proper requirements published in December 2017 introduced a whole new set of requirements for Financial Services Providers (FSPs), key individuals and representatives. From 1 April 2018, the Key Individual is […]

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Moonstone Investment Indicators also approved for CPD hours

The new Fit and Proper Determination requires that certain individuals are required to obtain a specified number of Continuous Professional Development (CPD) hours between 1 June 2018 and 31 May 2019. The FPI has now also recognised Moonstone Investment Indicators as a vehicle towards obtaining (CPD) hours; we received the following response from the professional body: It is a […]

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Moonstone Monitor approved for CPD hours

The new Fit and Proper Determination requires that certain individuals are required to obtain a specified number of Continuous Professional Development (CPD) hours between 1 June 2018 and 31 May 2019. In response to an application to the FPI, a SAQA recognised Professional Body, for recognition of the Moonstone Monitor as a vehicle towards obtaining (CPD) hours; we received […]

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The Essentials of CPD

If we had to draw up a hit parade of enquiries received from readers, debarments would be top of the pops, closely followed by CPD – continuous professional development. This is not surprising as some naughty training service providers used this quite extensively to market their services despite the fact that, for the majority of […]

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CPD and Reps Working Under Supervision

K writes: I read your article on the effective date of 1 June 2018 for Continuous Professional Development, and your comment that it leaves little time to plan for compliance. Please clarify whether representatives under supervision will also have to comply with CPD from 1 June 2018 or only when they have met all the other requirements with regards […]

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CPD Important considerations before you proceed

In a nutshell In terms of Section 32 of Board Notice 194 of 2017 (Determination of Fit and Proper Requirements for Financial Services Providers, 2017), every sole proprietor, key individual and representative must comply with the minimum Continuous Professional Development (CPD) requirements set out in Sections 31 to 34 of the Board Notice (see link […]

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cpd

Continuous Professional Development

Under the old dispensation, Continuous Professional Development (CPD) was the third leg of the journey towards becoming a true professional, after successfully completing the level 1 and 2 regulatory examinations. Now that the level 2 REs have been replaced by line of business and product specific training under the new Fit and Proper requirements, CPD is a […]

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