Skip to the content

FSP Updates

For those who did not meet the CPD requirements on the 31st of May 2019, the FSCA released the following exemption:  (Spoiler - You have until 31st July 2019 to comply) The Exemption from Continuous Professional Development Requirements, 2019 - No 2 of 2019 This exemption allows FSPs, key individuals and representatives until 31 July 2019 to comply with the CPD requirements ...

Is there a legislated COB Pass Mark? Not at the moment. The legislation states that: An FSP must ensure that it, its key individuals and representatives are proficient in respect of, understand, and have completed adequate and appropriate class of business training and product specific training relevant to, the particular financial products in respect of which they render fi ...

Duties of FSP's relating to Competency Registers All training that is undertaken by a Financial Services Professional must be recorded in his or her Competency Register. The FSP has 15-days from the date of training to record the information. Information recorded in a competency register must be retained for at least five years for all financial products that the FSP provided ...