The Council for Medical Schemes (CMS) is introducing a new requirement for people applying to be accredited as healthcare brokers for the first time, or brokers renewing their accreditation and whose qualifications have not been verified by the CMS. From 1 December, broker applicants must verify and pay for the verification of their qualifications before […]
The formal “Lists of Qualifications Recognised for Financial Services Providers, Key Individuals and Representatives, 2021” came into operation on 31 May 2021. This replaces its namesake for 2020. The list contains approved qualifications for Categories I, II, IIA and III. It is important to bear in mind that all qualifications are subject to approval, and […]
Legalbrief Today reports as follows: “The SA Qualifications Authority (Saqa) has been forced to operate at limited capacity due to funding constraints, which could leave thousands of prospective students and employees in limbo. Saqa, which falls under the Department of Higher Education, Science & Innovation, recently had to offload more than a third of its […]
Here is some good news for you if: -your study plans were interrupted by the pandemic -you left it too late to register for studies in the 2021 academic year -you were unsure of how to kick-start your career in financial planning You now have a second chance by making use of MBSE’s 2nd semester […]
The competency requirements under FAIS are often misunderstood, leading to many people stressing unnecessarily. Prior to 2010, transitional arrangements were in place which allowed for “FAIS Credits” to be obtained which would exempt representatives from having to obtain a full qualification. It is important to note that this only applies to those licence categories which […]
People appointed before 2010 had various options regarding prescribed qualifications, including obtaining a certain minimum number of credits, depending on what categories they were licensed for. My alert colleague, Paull Lawrence, sent us a reminder that those representatives appointed between 1 January 2010 and 30 June 2010 have until the end of June 2016 to obtain a full qualification in […]
Align your training and development needs with the Regulator’s drive towards professionalization by making use of the services listed below. Just click on the title for more information. HIGHER CERTIFICATE IN WEALTH MANAGEMENT (NQF 5) This qualification provides learners with a wide range of specialised and technical skills, as well as a broad based knowledge of […]
The proposals concerning competency requirements under the new Fit and Proper regulations, published in December 2015, include the following: Experience It is proposed that, in order for a person to be approved as a key individual of a Category I FSP, he or she must have obtained experience in the management and/or oversight of the rendering of […]
The regulatory examinations took precedence for most people in the industry, and may have averted the focus from the qualification requirement, particularly in the case of representatives working under supervision. Industry demands for production of business often take precedence over legal requirements, particularly if the time frame to obtain a qualification is six years. The […]
