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VIP SUPPORT MATERIAL FOR KEY INDIVIDUALS AND REPRESENTATIVES

A list of some important legislation upon which the examination has been based is provided below.

PLEASE NOTE: This list is not exhaustive and is meant to provide a guideline only. It is intended to assist examinees in preparation for the examination but must be viewed in conjunction with all other applicable legislation.

Top priority documents

  1. Financial Advisory and Intermediary Services Act (FAIS), Act 37 of 2002
  2. General Code of Conduct for Authorised Financial Services Providers and Representatives (Board Notice 80 of 2003)
  3. Exemption in respect of services under supervision in terms of Requirements and Conditions (Board Notice 104 of 2008)
  4. Determination of Fit and Proper Requirements for Financial Services Providers (Board Notice 106 of 2008)
  5. Amendment of the General Code of Conduct for Authorised Financial Services Providers and Representatives (Board Notice 58 of 2010)

Additional important and useful documents

  1. Financial Intelligence Centre Act (FICA), Act 38 of 2001
  2. Financial Intelligence Centre Amendment Act, 2008 published 27 August 2008
  3. Guidance Note 05 of the FICA Act 38 of 2001 (Cash Threshold Reporting)
  4. Fit & Proper Requirements in Plain Language for Key Individuals
  5. Fit & Proper Requirements in Plain Language for Representatives
  6. Fit & Proper Requirements in Plain Language for FSPs & Sole Proprietors

SUPPORT MATERIAL - LEGISLATION FOR FIRST-LEVEL REGULATORY EXAMINATION

1. Financial Intelligence Centre Act (FICA), Act 38 of 2001
2. Money Laundering and Terrorist Financing Control Regulations (GN R1595 of 2002)
3. FICA Schedule 1: List of Accountable Institutions
4. Financial Advisory and Intermediary Services Act (FAIS), Act 37 of 2002
5. Financial Advisory and Intermediary Services Regulations (GN879 of 2003)
6. Codes of Conduct for Administrative and Discretionary FSPs (Board Notice 79 of 2003)
7. BN 80 of 2003 (amended by BN 43 of 2008)
8. Rules on Proceedings of the Office of the Ombud for Financial Services Providers (Board Notice 81 of 2003)
9. Determination of Criteria and Guidelines for the Approval of Compliance Officers (Board Notice 84 of 2003)
10. Amendment of Code of Conduct for Administrative and Discretionary FSPs (Board Notice 3196 of 2003)
11. Code of Conduct for Authorised Financial Services Providers and their Representatives, involved in Forex Investment Business (Board Notice 39 of 2004)
12. Qualifications and Experience of Compliance Officers in respect of Financial Services Business (Board Notice 48 of 2008)
13. Notice of specific Code of Conduct for Authorised Financial Services Providers and Representatives conducting Short-Term Deposit Business (Board Notice 102 of 2004)
14. Exemption in respect of services under supervision in terms of Requirements and Conditions (Board Notice 104 of 2008)
15. Determination of Fit and Proper Requirements for Financial Services Providers (Board Notice 106 of 2008)
16. Amendment Notice on the General Code of Conduct for Authorised Financial Services Providers and Representatives (Board Notice 152 of 2008)
17. Hedge Fund Risk Disclosures (Board Notice 571 of 2008)
18. Notice on the Requirements for Professional Indemnity and Fidelity Insurance Cover for Providers (Board Notice 37 of 2009)
19. Determination of Compliance Report for Category I Authorised Financial Services Providers without a Compliance Officer 2009 (Board Notice 46 of 2009)
20. Notice on Requirements for Professional Indemnity and Fidelity Insurance Cover for Providers (Board Notice 123 of 2009)
21. Amendment of the General Code of Conduct for Authorised Financial Services Providers and Representatives (Board Notice 58 of 2010)
22. Amendment of Fit and Proper Requirements, Exemption of Services under Supervision, Continuous Professional Development and Determination of Qualifications and Qualifying Criteria (Board Notice 60 of 2010)
23. FSP Licensing Application Documentation
1. Financial Intelligence Centre Act (FICA), Act 38 of 2001
2. Money Laundering and Terrorist Financing Control Regulations (GN R1595 of 2002)
3. FICA Schedule 1: List of Accountable Institutions
4. Financial Advisory and Intermediary Services Act (FAIS), Act 37 of 2002
5. Financial Advisory and Intermediary Services Regulations (GN879 of 2003)
6. Codes of Conduct for Administrative and Discretionary FSPs (Board Notice 79 of 2003)
7. BN 80 of 2003 (amended by BN 43 of 2008)
8. Rules on Proceedings of the Office of the Ombud for Financial Services Providers (Board Notice 81 of 2003)
9. Determination of Criteria and Guidelines for the Approval of Compliance Officers (Board Notice 84 of 2003)
10. Amendment of Code of Conduct for Administrative and Discretionary FSPs (Board Notice 3196 of 2003)
11. Code of Conduct for Authorised Financial Services Providers and their Representatives, involved in Forex Investment Business (Board Notice 39 of 2004)
12. Notice of specific Code of Conduct for Authorised Financial Services Providers and Representatives conducting Short-Term Deposit Business (Board Notice 102 of 2004)
13. Qualifications and Experience of Compliance Officers in respect of Financial Services Business (Board Notice 48 of 2008)
14. Exemption in respect of services under supervision in terms of Requirements and Conditions (Board Notice 104 of 2008)
15. Determination of Fit and Proper Requirements for Financial Services Providers (Board Notice 106 of 2008)
16. Amendment Notice on the General Code of Conduct for Authorised Financial Services Providers and Representatives (Board Notice 152 of 2008)
17. Hedge Fund Risk Disclosures (Board Notice 571 of 2008)
18. Determination of Compliance Report for Category I Authorised Financial Services Providers without a Compliance Officer 2009 (Board Notice 46 of 2009)
19. Notice on Requirements for Professional Indemnity and Fidelity Insurance Cover for Providers (Board Notice 123 of 2009)
20. Amendment of the General Code of Conduct for Authorised Financial Services Providers and Representatives (Board Notice 58 of 2010)
21. Amendment of Fit and Proper Requirements, Exemption of Services under Supervision, Continuous Professional Development and Determination of Qualifications and Qualifying Criteria (Board Notice 60 of 2010)
22. FSP Licensing Application Documentation
23. Long Term Insurance Act, Act 52 of 1998
24. Long Term Insurance Policyholder Protection Rules, 2004
1. Financial Intelligence Centre Act (FICA), Act 38 of 2001
2. Financial Advisory and Intermediary Services Act (FAIS), Act 37 of 2002
3. Financial Advisory and Intermediary Services Regulations (GN879 of 2003)
4. Codes of Conduct for Administrative and Discretionary FSPs (Board Notice 79 of 2003)
5. BN 80 of 2003 (amended by BN 43 of 2008)
6. Amendment of Code of Conduct for Administrative and Discretionary FSPs (Board Notice 3196 of 2003)
7. Notice of specific Code of Conduct for Authorised Financial Services Providers and Representatives conducting Short-Term Deposit Business (Board Notice 102 of 2004)
8. Requirements imposed by the Financial Services Board for Nominees to operate in South Africa (Board Notice 63 of 2007)
9. Notice on Codes of Conduct for Administrative and Discretionary FSPs Amendment Notice (Board Notice 89 of 2007)
10. Determination of Fit and Proper Requirements for Financial Services Providers (Board Notice 106 of 2008)
11. Amendment Notice on the General Code of Conduct for Authorised Financial Services Providers and Representatives (Board Notice 152 of 2008)
12. Hedge Fund Risk Disclosures (Board Notice 571 of 2008)
13. Notice on Requirements for Professional Indemnity and Fidelity Insurance Cover for Providers (Board Notice 123 of 2009)
14. Amendment of the General Code of Conduct for Authorised Financial Services Providers and Representatives (Board Notice 58 of 2010)
15. Amendment of Fit and Proper Requirements, Exemption of Services under Supervision, Continuous Professional Development and Determination of Qualifications and Qualifying Criteria (Board Notice 60 of 2010)
16. FSP Licensing Application Documentation

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