FAIS Act for key individuals and representatives

The Faculty of Law is proud to present the following new short programmes in 2010:

FAIS ACT FOR KEY INDIVIDUALS AND REPRESENTATIVES

The Financial Services Board published its latest “fit and proper” requirements on 29 December 2008. From now on, key individuals and compliance officers will have to sit for an exam in order to demonstrate that they comply with the said requirements as set out in the FAIS Act.

· This short programme is presented bi-annually from February to June and from July to November. Contact tuition is condensed into a five day programme (19 – 23 July, from 8:30 – 16:30).

· The FAIS Act is presented in such a way so as to equip students to not only to prepare for their statutory exams but to allow them to have a better understanding of their tasks as compliance officers and key individuals.

· Topics covered include: an historical overview and introduction to FAIS; Conceptual and legal framework pertaining to key individuals and representatives; Regulatory environment; Compliance functions; Licensing conditions; Record keeping, infrastructure of the FSP, accounting requirements, FICA and the FAIS ombud and Financial products.

· This unique programme not only presents an ideal opportunity for key individuals and compliance officers to prepare for their statutory exams, but also allows them to engage with others in the field and invites participants to share their experiences and to debate policy and other issues.

The Butterworths publication, The FAIS Act explained is included in the tuition fee. The co-authors are Prof Daleen Millard and Wendy Hattingh from the Financial Services Board.

NB: this programme is recognized by the FSB.

ENQUIRIES Contact number for general enquiries: 011 559 3739/3631

Email: ajacobs@uj.ac.za

Specialised enquiries: Prof D Millard, 011 559-2582; dmillard@uj.ac.za

Closing date: 15 May 2010

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