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FSP Updates

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 ...