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FANews

The world is moving faster and FAnews would like to support you, our reader, in your current role as you progress with your career and on your journey in professional development. In ensuring you continue to be competent in your profession FAnews is now offering you IISA CPD hours to help develop and enhance your knowledge.

Become CPD smart and keep your game at the top - engage, develop and enhance your abilities by earning IISA and FPI CPD hours following these easy steps -

  1. Subscribe / download (https://www.fanews.co.za/latest-publications) to the FAnews Magazine;
  2. Register by filling in your personal details;
  3. Confirm your log-in details via email once you have registered;
  4. Log-in using your email and password;
  5. Click on the latest issue of the FAnews magazine; and
  6. Answer the multiple-choice questions related to each article listed and click submit.

In order to receive your CPD hours, you are required to complete ALL the questionnaires PER Edition.

However, if you get one or more questions wrong you will have a second chance to try again.

FAnews will submit your answers directly to the IISA and FPI.

Please note:

In the Board Notice 194 of 2017 the FSCA requires that all and any regulatory CPD activities be approved by a Professional Body.  This is reflected in the Definition of a CPD Activity in the Board Notice.  The FAnews magazine is approved by both the IISA and the FPI who are Professional Bodies.

Section 32 states that CPD activities are:

  • Market trends
  • Risk updates
  • Legislative update

FAnews purpose is to provide our readers with these updates in written form and make that available through our online platform for Regulatory CPD purposes.  What the Professional Bodies deem as relevant for Professions is beyond the scope of what the FSCA requires and therefore beyond what FAnews provides.

The FSCA does not require professional body membership of anyone in the industry in the current regulations and therefore this is irrespective of whether the affected 140 000 persons are members of professional bodies or not.  Any CPD that befits the requirements of Section 32 of Board Notice 194 of 2017 must be approved by a professional body.  The FIA is not a professional body but an industry association and as such approach the IISA and FPI for approval of their events to comply with the same requirements.

 

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Quick Polls

QUESTION

With regards to the COFI Bill, do you believe lumping the health and finance sector in the same basket will sustain the financial sector?

ANSWER

Yes, it forms part of the FSCA’s mandate to protect and maintain the sustainability of the financial sector, and to legislate fairness and make it the law
No, the products are different therefore the health sector should not have to be subjected to similar conduct requirements
This will cause problems. More consultations should be conducted before the final version of the COFI Bill is sent to Parliament for promulgation
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FAnews April 2019 Get the latest issue of FAnews

This month's headlines

Differences aside… in the name of fairness
Advice… now more important than ever
COFI… is this a reason to be positive?
Cyber cover: One size does not fit all
The need for member education
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