The Nine Classes of Business

We received a substantial number of enquiries about this topic in response to articles published last week. It is not only important to those who are required to do Class of Business (CoB) and Product Specific training – those required to perform CPD activities also need it to ascertain their obligations in this regard.

Board Notice 194 of 2017 contains a list of the nine classes as well as the various sub-classes under each class of business.

We suggest that you revisit you FSB licence to ascertain which classes and sub-classes of business you are registered for. If there are ones which you merely listed for convenience sake, but have never done business in, or do not intend becoming involved in in future, you should consider removing them from your licence.

Click here to download the relevant annexure from the Board Notice 194 of 2017.

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