Stellenbosch Office 25 Quantum Street Technopark, Stellenbosch, South Africa, 7600 Tel: +27 (21) 883 8000 Fax: +27(21) 880 1953 http://learn.mbse.ac.za Pretoria Office Brooklyn Forum Building Lobby 2, 2 nd Floor, Corner of Fehrsen and Veale Street, Brooklyn, Pretoria, South Africa, 0181 Tel: 087 702 6429 Fax: +27(12) 679 0472 www.mbse.ac.za FAQ s and answers 1. What is? Continuous Professional Development () is a lifelong learning process, where financial services professionals systematically engage in activities that maintain abilities, skills and knowledge required for professional practice. 2. Why should I do? In terms of the new Fit & Proper requirements (BN194), for regulatory (FSCA) purposes is now officially implemented as a requirement. This means advisors are obliged to perform activities towards regulatory (FSCA) requirements during a cycle, which is a period of 12 months commencing on 1 June of every year and ending 31 May of the following year, starting on 1 June 2018. Provision is also made for proportionate requirements for those who become liable during this cycle. 3. Is a once-off requirement or is it ongoing? Continuous professional development is required to maintain abilities, skills and knowledge required for professional practice. This requires lifelong or ongoing learning, meaning that activities need to be undertaken every year, during the cycle and is not a once-off requirement. 4. What is a activity? A activity is a verifiable activity that is accredited by a professional body who also allocates an hour value or a part thereof to the activity. Activities performed towards a qualification and product specific training does not qualify for points, but class of business training does, in most instances. 5. What type of activities should I complete? In terms of Board Notice 194 of 2017, regulatory (FSCA) activities should be relevant to the functions and roles you perform, and should: contribute to your skill, knowledge, expertise and professional and ethical standards required, address any identified needs or gaps in: o your technical knowledge, o generic knowledge and understanding of the environment in which you render financial services, or manage or oversee these o your knowledge and understanding of applicable laws; and should adequately take into account changing internal and external conditions relevant to the financial products for which you are authorized. Accordingly, activities should be categorised to ensure you are meeting all of the above requirements. activities offered by Moonstone are categorised as follows: Environment- changes in the financial services environment, and knowledge and understanding of applicable laws in the financial services sector Ethics- ethical standards required in the financial services sector Moonstone School of Excellence (Pty) Ltd Reg no. 2005/020855/07 Provisionally registered with the Department of Higher Education and Training as a Private Higher Education Institution until 31 December 2018 under the Higher Education Act, 1997. Registration certificate No. 2011/HE07/005 Accredited with INSETA: Accreditation No. 130225
- professional best practice in terms of provision of financial services, and generic knowledge and understanding of the environment and financial products for which you are authorised. & Abilities- best practice in terms of managing your practice. 6. Does Moonstone offer corporate packages for? Moonstone currently offers attractively priced packages for 6, 12 or 18 hours for the investment, long-term insurance and short-term insurance sectors and we are also able to offer packages in other sectors where requested to do so. Pricing and details available on request. Please contact Linzee Adendorff at linzee@mbse.ac.za. 7. What is the difference between FSCA and Professional Body? FSCA Professional Bodies Fulfils requirements for. Fit and Proper Determination in terms of Board Notice 194 maintaining professional designation and membership of a specific Professional Body e.g. iisa, FPI, etc. Consists of verifiable activities that are accredited by any SAQA registered professional body, and that are suitable to maintain competence in terms of Fit and Proper requirements a combination of verifiable and unverifiable activities as approved by that specific professional body for purposes of their specific requirements to maintain professional membership Excludes activities performed towards a qualification and product specific training -excluded activities are dependent on each specific Professional Body s requirements and differ from Professional Body to Professional Body Includes activities that are verifiable and completed, for example seminars, workshops, classes (with full attendance), online courses with s. a variety of activities that usually include verifiable activities and unverifiable activities such as reading materials, presentations on a relevant topic, pro bono services rendered, etc. Note: (FSCA) requirements should therefore be seen as being separate from professional membership requirements (although in certain cases the same activity may meet the needs for both sets of requirements). 8. Where can I register for courses? Please navigate to: http://mbse.moonstone.co.za and select the course/s you want to register for. Follow the instructions and use the convenient navigation guide available on the site, to assist you. If your registration is in respect of the FICA Awareness course, please contact Roydon Williams at roydon@mbse.ac.za for registration. 9. Where can I register for Fit and Proper Manager? Please navigate to: https://www.moonstonecompliance.co.za/services/fit-proper-tracker/ and complete the enquiry form. Alternatively, please contact Charne Seyffert at Tel. 021 880 7164, or email her at cseyffert@moonstonecompliance.co.za. 2
10. When can I start? Online activities are available on an ongoing basis and you will be able to access them as soon as payment has been received, and you have been enrolled. This process may take up to three business days. (Please also see schedule for Online courses and Workshops below). 11. How do I pay, what are the costs and why are fees charged for activities? Payments can be made via EFT or Credit Card. The cost will vary and will depend on the activity you want to register for. See prices in schedule below, or online. Any person that undertakes should note that amongst other factors, a substantial amount of time is spent on research, development and accreditation of these activities, hence, fees are charged for each activity undertaken. 12. How many hours of must I complete? This will depend on your role and the development needs identified for you by your FSP. In terms of BN194 of 2017, the minimum hours required are: If you are authorised to render financial services for... a single subclass of business within a single class of business more than one subclass of business within a single class of business more than one class of business Then you must complete a minimum of... six hours of activities per cycle 12 hours of activities per cycle 18 hours of activities per cycle. 13. What do I get after I have completed the training? Proof of Attendance and/or a Certificate of Completion will be issued after the completion of each activity indicating your verifiable hours for regulatory (FSCA) purposes. 14. Any admission requirements? In order to verify your identity for any approved event that requires physical attendance, proof in the form of a valid ID document, passport or drivers license will be required. A physical attendance register will be kept at all events and you will be required to sign in, attend for the full duration of the event, and sign out at the end of the event. For online approved activities, users are identified on registration, requested to upload a copy of their ID document onto the learner managements system, and issued with unique login and password details. Please allow three business days on initial registration for administration to be completed and access to be granted for an online activity/course. 15. Who can I contact for assistance with registration? Please contact Abigail Matthee on 021 880 7157 or email her at abigail@mbse.ac.za. If your registration is in respect of the FICA Awareness course, please contact Roydon Williams at roydon@mbse.ac.za for registration. 3
16. Is a requirement to be appointed as representative? You will have to consult with your compliance officer in this regard. 17. How many hours will be allocated to the training? Each activity is approved by an accredited professional body and will be allocated a hour value based on duration of the activity and any requirements. We will offer activities at MBSE that will provide the required hours as per BN 194 of 2017. 18. Will Moonstone upload my Hours to my Professional Body? To keep costs to a minimum, Moonstone will not forward records of activities to each of the relevant professional bodies for purposes of professional membership requirements. It thus remains your responsibility to upload your own hours to your profile with the relevant professional body. Moonstone will provide the information on the relevant hours for regulatory (FSCA) purposes, and on the specific category-linked hours as per the relevant accrediting professional body on each course s Announcements, to enable you to upload these hours on your profile with the professional body. 19. How do I check if a activity will be able to earn hours, if it is not done through Moonstone? activities to be used for (FSCA) purposes, must have been accredited by a Professional Body. Professional Body is defined in BN194 as being a body recognised by SAQA as a professional body for purposes of the NQF Act. Therefore, always check with the provider of the activity to ensure that the activity has been accredited by a Professional Body (this can be any Professional Body as recognized by SAQA and is not limited to FPI or to iisa) and for how many hours the activity has been approved. 20. How do I keep track of my hours for regulatory (FSCA) purposes for Moonstone events, online courses and approved publications? Moonstone will issue a certificate of attendance for full attendance of a physical event and will issue a certificate of completion for successful completion (including an ) of any approved activity (online course or approved publication). The certificate will state the date of completion, as well as the number of (FSCA) hours for the activity, as per notification from the relevant professional body. You will be able to access your details on our e-learning platform and print out your certificate once you have enrolled for and completed a activity. Note: You are responsible to keep your own records of certificates relating to activities, so that you can provide these records to your FSP as required. 21. Can I use Class of training to gain hours for regulatory (FSCA) purposes? The short answer is yes, but According to the new Fit & Proper requirements (BN194), only (1) activities performed towards a qualification and (2) product specific training do not qualify for points. Class of business training as a refresher, however, is regarded as an appropriate activity to maintain the abilities, skills and knowledge required for professionals in the various classes of business they advise in. This means that in most cases, the answer is yes, class of business can be used to gain hours for regulatory (FSCA) purposes. However, there are instances where a doubling-up, in other words completing class of business as part of your educational requirements to be fit and proper, while at the same time gaining hours for that same activity, is not appropriate. An example would be an advisor who is already fit and proper, but who has decided to add a new sub- 4
category of product to his license, and who therefore needs to complete the relevant class of business training. In this case it would not be appropriate to also claim hours for that training. Moonstone will ask you, in future, to decide before you purchase a class of business course, whether you are completing this as a activity, or to meet the new class of business requirements in terms of BN194. Certificates will in future also be issued accordingly, i.e. they will only show the (FSCA) hours if you have chosen to do the course as a activity. We have renamed all of the Class of courses to reflect the word in the respective class. Pricing will also be differentiated. 22. What is meant by Classes of? There are currently nine (9) classes of business. 1. Short-term Insurance: Personal Lines 2. Short-term Insurance: Commercial Lines 3. Long-term Insurance 4. Pension Fund Benefits 5. Short-term and Long-term Deposits 6. Structured Deposits 7. Investments 8. Forex Investments 9. Health Services Benefits 23. What is meant by subclasses of? The subclasses are secondary to each class of business. For example, the subclasses under short-term insurance: personal lines are as follows: 1.1 Personal lines: Accident and health policy 1.2 Personal lines: Liability policy 1.3 Personal lines: Miscellaneous policy 1.4 Personal lines: Motor policy 1.5 Personal lines: Property policy 1.6 Personal lines: Transportation policy 1.7 Personal lines: Short-term reinsurance policy As can be seen, short-term insurance: personal lines have seven (7) subclasses. Note: Class of courses are therefore also listed below as options for activities, and are offered online, or as classroom training if requested. 5
activities Packages: Moonstone currently offers attractively priced packages for 6, 12 or 18 hours for the investment, long-term insurance and shortterm insurance sectors and we are also able to offer packages in other sectors where requested to do so. Pricing and details available on request. Please contact Linzee Adendorff at linzee@mbse.ac.za, or Viwe Mlonzi at viwe@mbse.ac.za. Online courses (e-learning): Please take note of the following: *Prices quoted are as part of Moonstone s introductory offer and may be increased in the future **Prices quoted only include the original opportunities as included per each course s rules (generally two attempts are allowed). Any required re-writes on s will incur an admin fee. Course & Cost Target Market Availability (FSCA fit & proper) hours Fit and proper for key become fighting fit! R1 900, excl VAT for clients and public Supervision Requirements: FAIS Notice 86 of 2018 R1 725 excl VAT for clients and public Understanding the impact of Legislation and Codes of Conduct on your FAIS role R297.47, excl VAT for clients and public FICA Awareness (): Free of charge for Moonstone Compliance clients (Re-writes for Moonstone Compliance clients will incur an admin fee of R375.00 incl VAT) R500, excl VAT for public Key Individuals, business owners Financial advisors / key who act as a supervisor in terms of FAIS Financial advisors, employees in financial services sector Financial advisors / employees that need awareness of FICA requirements May 2019 7 hours on pass of 6 hours on pass of 3.5 hours on pass of 4.5 hours on pass of Moonstone Professional Body membership hours Compliance Institute members: 7 hours Compliance Institute Reference: MoE20180800049 Compliance Institute members: 7 hours Compliance Institute Reference: MoE20190200004 3 Points/hours Ethics & Practice Standards 0.5 Points/hours for pass of online FPI Reference: FPI18100102 3.5 Points Ethics & Practice Standards 1 Point for pass of online FPI Reference: FPI18050010 6
Course & Cost Target Market Availability (FSCA fit & proper) hours Introduction to POPI Act R467.45, excl VAT for clients and public Basic Compliance for your practice R509.95 excl VAT for clients and public Cyber security and data protection - compliance aspects for your practice Treating Customers Fairly (TCF) Overview R84.99 excl VAT for clients and public TCF unpacking what it means TCF practical measures needed to comply Compliance advice Compliance Practice and legislation R509.95 excl VAT for clients and public Compliance Principles of Materiality Compliance Environment Developing a CRMP Financial Advisors / employees in financial services sector / business owners Financial advisors / business owners Key / business owners Financial advisors / employees in financial services sector Financial advisors / employees in financial services sector Financial advisors / employees in financial services sector Compliance personnel, risk management personnel, Compliance personnel, risk management personnel, Compliance personnel, risk management personnel, Compliance personnel, risk management personnel, July 2019 May 2019 May2019 May 2019 5.5 hours on pass of 6 hours on pass of Anticipated 3 hours 1 Hour on pass of Anticipated 4 hours Anticipated 7 hours Anticipated 4 hours 6 hours on pass of Anticipated 3.5 hours Anticipated 3.5 hours Moonstone Professional Body membership hours 4.5 Points/hours Ethics & Practice Standards 1 Point/hour for pass of online FPI Reference: FPI19010053 Compliance Institute members: 6 hours Compliance Institute Reference: MoE20190200003 iisa members: 1 hour iisa Reference: EVT-20190305-0020 Compliance Institute members: 6 hours Compliance Institute Reference: MoE20190200006 7
Course & Cost Target Market Availability (FSCA fit & proper) hours Compliance risk analysis and identification Compliance risk Compliance risk management Compliance regulatory requirements Compliance Enterprise risk management Anti-Bribery How to be corruption free R267.72, excl VAT for clients and public Ethics for financial advisors R212.48, excl VAT for clients and public Compliance personnel, risk management personnel, Compliance personnel, risk management personnel, Compliance personnel, risk management personnel, Compliance personnel, risk management personnel, Compliance personnel, risk management personnel, Financial advisors / business owners Anticipated 5 hours Anticipated 4 hours Anticipated 10 hours Anticipated 3 hours Anticipated 4 hours 3.15 hours on pass of Financial advisors 2.5 hours on pass of Moonstone / Ethics Ethics Professional Body membership hours Ethics how to impress your clients Financial advisors Anticipated 2 hours Ethics The importance of data protection and Financial advisors / July 2019 Anticipated 3 hours / cyber security for financial advisers employees in financial services Using FAIS to build client relationships Financial advisors / Anticipated 1 hour / iisa members: 3.15 hour iisa Reference: EVT-20190225-0025 2 Points/hours Ethics & Practice standards 0.5 Point/hour for successful completion & pass of online FPI Reference: FPI19010052 8
Course & Cost Target Market Availability (FSCA fit & proper) hours employees in financial services sector Moonstone Professional Body membership hours continuity, disaster recovery and succession planning Essentials of protecting your and your clients information Essential meeting skills for professionals Leveraging the personal intelligence quotient Maintaining motivation during the highs and lows of business trajectory etiquette principles to build customer relationships Customer service and building relationships for financial advisors Effective communication and interpersonal skills in an advice-giving context Effective business writing skills for the financial advisor Effective presentation skills for the financial advisor owners, key Financial advisors, employees and business owners Financial advisors, Financial advisors, Financial advisors / key / business owners Financial advisors / employees in financial services sector Anticipated 2 hours Anticipated 1 hours Anticipated 1 hours Anticipated 1 hours Anticipated 1 hours Anticipated 7 hours Financial advisors Anticipated 7 hours Financial advisors Anticipated 7 hours Financial advisors Anticipated 3 hours Financial advisors Anticipated 3 hours / / / / / Edu-marketing to clients through digital Financial advisors / key May 2019 Anticipated 1 hours 9
Course & Cost Target Market Availability (FSCA fit & proper) hours newsletters and social marketing / business owners Moonstone Professional Body membership hours Coaching and mentoring skills for who act as a supervisor in terms of FAIS Time management and personal productivity skills for financial advisors Building assertiveness and confidence in an advice-giving context Fundamental Financial Maths : R849.90, excl VAT for clients and public Personal financial management and budgeting R212.48, excl VAT for clients and public Basic business budgeting skills Enhancing problem-solving and critical thinking in an advice context Customer service for the F & I The relationship between the F&I and the Motor Salesperson Warranties and how they work Financial advisors / key who act as a supervisor in terms of FAIS May 2019 Anticipated 7 hours Financial advisors May 2019 Anticipated 7 hours Financial advisors May 2019 Anticipated 7 hours Financial advisors requiring a refresher on basic math skills underlying financial planning calculations Financial advisors/employees in financial services sector 10 hours on pass of s 2.5 hours on pass of Financial advisors, business owners Anticipated 2 hours Financial advisors, key May 2019 Anticipated 1 hours, business owners F & Is Anticipated 3-4 hours F & Is May 2019 Anticipated 3-4 hours 8 Points/hours & abilities 2 Points/hours for successful completion & pass of online s FPI Reference: FPI18100115 2 Points/hours & abilities 0.5 Points/hours pass of FPI Reference: FPI19010051 F & Is June 2019 Anticipated 3-4 hours Self-mastery for financial advisors Financial Anticipated 7 hours 10
Course & Cost Target Market Availability (FSCA fit & proper) hours advisors/employees in financial services sector Moonstone Professional Body membership hours Essential policy and procedure writing skills Short-term insurance and validation of claims Introduction to Fintech Introduction to short-term insurance R424.95, excl VAT for clients and public Introduction to life-risk policies Impact of technology on short term insurance R127.49, excl VAT for clients and public Impact of technology on long term insurance Retirement Funds: Section 37C R339.96, excl VAT for clients and public Health Insurance and demarcation regulations R84.99, excl VAT for clients and public Compliance personnel, key, business owners Short term insurance advisors / financial advisors / employees Financial advisors / longterm insurance advisors / representatives Short term insurance advisors / financial advisors Financial advisors / longterm insurance advisors Financial advisors / shortterm insurance advisors / employees in short term insurance Financial advisors / longterm insurance advisors / employees in long term insurance Financial advisors / Retirement Fund Trustees / EB consultants and personnel May 2019 Anticipated 1 hours Anticipated 6 hours Anticipated 3 hours 5 hours on pass of Anticipated 6 hours 1.5 hours on pass of Anticipated 1.5 hours 4 hours on pass of Healthcare advisors 1 hour on pass of FPI Members: 4 Points/hours 1 Point/hour for successful completion and pass of online FPI Reference: FPI19020082 iisa members: 1.5 hour iisa Reference: EVT-20190225-0021 3.5 Points/hours & abilities 0.5 Points/hours for successful completion & pass of online s FPI Reference: FPI19010051 iisa members: 1 hour iisa Reference: iisa letter to Moonstone dd: 14 11
Course & Cost Target Market Availability (FSCA fit & proper) hours Moonstone September 2018 Professional Body membership hours Understanding, reading and interpreting financial statements Introduction to income tax and capital gains tax Assurance Fundamentals Includes an overview of business entities, the need for business assurance and business assurance plans Estate Planning Fundamentals Includes estate duty calculation, interpreting provisions of a will and intestate succession Personal financial planning fundamentals including the needs analysis Retirement planning fundamentals including the needs analysis Investment Planning fundamentals (longterm insurance, retail pension benefits and CIS) Investment Planning for Banking Retirement Fund Trustee trainingfundamentals Financial advisors / business owners Financial advisors (incl. new budget info) May 2019 Anticipated 12 hours Financial advisors Anticipated 7 hours Financial advisors Anticipated 12 hours Financial advisors Anticipated 12 hours Financial advisors / EB advisors May 2019 Anticipated 7 hours Financial advisors Anticipated 7 hours Financial advisors working in a banking environment New Retirement Fund Trustees May 2019 Anticipated 7 hours Anticipated 12 hours 12
Moonstone recognised Publications available as online activities: Course & Cost Availability: (FSCA fit & proper) hours Professional Body member hours Moonstone Monitor: R750, excl. VAT for clients & public per quarterly registration Moonstone Investment Indicators: R750, excl. VAT for clients & public per quarterly registration Each registration provides access to 12 weekly editions, reading articles and related s Each registration provides access to 12 weekly editions, reading articles and related s 0.5 hours per weekly edition by reading through the articles and completing an online. Note that a min. 100% pass mark is required to obtain hours but you have more than one opportunity to complete the 0.5 hours per weekly edition by reading through the articles and completing an online. Note that a min. 100% pass mark is required to obtain hours but you have more than one opportunity to complete the 0.5 Points (Knowledge) per weekly edition and successfully completed (100% pass mark required) 0.5 Points (Knowledge) per weekly edition and successfully completed (100% pass mark required) 13
Class of as refresher training for is also available as online learning and offers an extremely cost-effective method of earning points. (See classes and costs below). *Please take note that the MBSE Class of consists of a modular approach with either one or two overview modules on regulatory aspects and the economy (if applicable), in addition to the actual generic product modules in order to ensure that the requirements of Board Notice 194 are comprehensively addressed. These modules (Financial Services Overview and Economic and Investment Overview) are only completed once, and not repeated for subsequent Class of registrations therefore points for the overview module/s can only be claimed on first registration. Course & Cost Availability (FSCA fit & proper) hours Moonstone Refresher Long-Term Insurance (): R500, excl VAT for clients and public Refresher Health Services Benefits (): R500, excl VAT for clients and public Refresher Short-term Insurance Personal Lines (): R500, excl VAT for clients and public Refresher Short-term Insurance Commercial Lines (): R500, excl VAT for clients and public 1. *Financial Services Overview: 3.5 hours* 2. *Economic and Investment Overview: 3 hours* 3. Long-term Insurance: 6.5 hours Total: 13 hours on pass of 1. *Financial Services Overview: 3.5 hours* 2. Health Services Benefits: 6.0 hours Total: 9.5 hours on pass of 1. *Financial Services Overview: 3.5 hours* 2. Short-term Insurance Personal Lines: 6.5 hours Total: 10 hours on pass of 1. *Financial Services Overview: 3.5 hours* 2. Short-term Insurance Commercial Lines: 6.5 hours Professional Body membership hours 1. *Financial Services Overview: 3 Points Ethics & PS, 0.5 Point for pass of 2. *Economic and Investment Overview: 2.5 Points (Knowledge), 0.5 Point for pass of 3. Long-term Insurance: 6 Points (Knowledge), 0.5 Point for pass of FPI Reference: FPI18040022 1. *Financial Services Overview: 3 Points Ethics & PS, 0.5 Point for pass of 2. Health Services Benefits: 2 Points Ethics & Practice Standards, 3.5 Points (Knowledge), 0.5 Point for pass of FPI Reference: FPI18050056 iisa members: 1. *Financial Services Overview: 3.5 hours* 2. Short-term Insurance Personal Lines: 6.5 hours iisa Reference: iisa letter dated 28/03/2019 iisa members: 1. *Financial Services Overview: 3.5 hours* 14
Course & Cost Availability (FSCA fit & proper) hours Moonstone Total: 10 hours on pass of Refresher Investments (): R500, excl VAT for clients and public Refresher Pension Fund Benefits (): R500, excl VAT for clients and public Refresher Short -term & Long-term Deposits (): R500, excl VAT for clients and public 1. *Financial Services Overview: 3.5 hours* 2. *Economic and Investment Overview: 3 hours* 3. Investments: 8.5 hours Total: 15 hours on pass of 1. *Financial Services Overview: 3.5 hours* 2. *Economic and Investment Overview: 3 hours* 3. Pension Fund Benefits: 6.0 hours Total: 12.5 hours on pass of 1. *Financial Services Overview: 3.5 hours* 2. Short-term and Long-term Deposits: 5 hours Total: 8.5 hours on pass of Professional Body membership hours 2. Short-term Insurance Commercial Lines: 6.5 hours iisa Reference: iisa letter dated 28/03/2019 1. *Financial Services Overview: 3 Points Ethics & PS, 0.5 Point for pass of 2. *Economic and Investment Overview: 2.5 Points (Knowledge), 0.5 Point for pass of 3. Investments: 8 Points (Knowledge), 0.5 Point for pass of FPI Reference: FPI18060036 1. *Financial Services Overview: 3 Points Ethics & PS, 0.5 Point for pass of 2. *Economic and Investment Overview: 2.5 Points (Knowledge), 0.5 Point for pass of 3. Pension Fund Benefits: 5.5 Points (Knowledge), 0.5 Point for pass of FPI Reference: FPI18060002 1. *Financial Services Overview: 3 Points Ethics & PS, 0.5 Point for pass of Short-term and Long-term Deposits: 4.5 Points/hours knowledge, 0.5 Point for pass of FPI Reference: FPI18070028 15
Course & Cost Availability (FSCA fit & proper) hours Moonstone Refresher Structured Deposits (): R500, excl VAT for clients and public Refresher Forex Investments (): R500, excl VAT for clients and public 1. *Financial Services Overview: 3.5 hours* 2. Short-term and Long-term Deposits: 5 hours 3. Structured Deposits: 3 hours Total: 11.5 hours on pass of 1. *Financial Services Overview: 3.5 hours* 2. Forex Investments: 5 hours Total: 8.5 hours on pass of Professional Body membership hours 1. *Financial Services Overview: 3 Points Ethics & PS, 0.5 Point for pass of 2. Short-term and Long-term Deposits: 4.5 Points/hours knowledge, 0.5 Point for pass of Structured deposits: 2.5 Points knowledge, 0.5 Points for pass of FPI Reference: FPI18070026 1. *Financial Services Overview: 3 Points Ethics & PS, 0.5 Point for pass of 2. Forex Investments: 4.5 Points/hours knowledge, 0.5 Point for pass of FPI Reference: FPI18070043 16
Workshops (face-to-face training): Please take note of the following: *Prices quoted are as part of Moonstone s introductory offer and may be increased in the future **Classroom re-writes will be available online on request, and will incur and admin fee. Course & Cost Target Market Availability (FSCA fit & proper) hours Fit and proper for key become fighting fit! R3 320, excl VAT for clients and public Supervision Requirements: FAIS Notice 86 of 2018 R2 950, excl VAT for clients and public Key Individuals, business owners Financial advisors / key who act as a supervisor in terms of FAIS 7 hours on pass of Moonstone Professional Body membership hours Compliance Institute members: 7 hours Compliance Institute Reference: MoE20180800049 Anticipated 6 hours Compliance Institute members: 6 hours Compliance Institute Reference: MoE20190200004 17
Class of as refresher training for is also available as classroom training and offers a cost-effective method of earning points. (See classes and costs below). Please take note that the MBSE Class of consists of a modular approach with either one or two overview modules on regulatory aspects and the economy (if applicable), in addition to the actual generic product modules in order to ensure that the requirements of Board Notice 194 are comprehensively addressed. These modules (Financial Services Overview and Economic and Investment Overview) are only completed once, and not repeated for subsequent Class of registrations therefore points for the overview module/s can only be claimed on first registration. **Note that when you register for Classroom training, you will be able to get free re-writes online. Course & Cost Availability (FSCA fit & proper) hours Moonstone Refresher Long-Term Insurance (): R1 800, excl. VAT if first-time COB registration Refresher Short-term Insurance Personal Lines (): R1 800, excl. VAT if first-time COB registration Refresher Short-term Insurance Commercial Lines (): R1 800, excl. VAT if first-time COB registration Refresher Investments (): R2 700, excl. VAT if first-time COB registration Training schedule available on request 1. *Financial Services Overview: 3.5 hours* 2. *Economic and Investment Overview: 3 hours* 3. Long-term Insurance: 6.5 hours Total: 13 hours on pass of 1. *Financial Services Overview: 3.5 hours* 2. Short-term Insurance Personal Lines: 6.5 hours Total: 10 hours on pass of 1. *Financial Services Overview: 3.5 hours* 2. Short-term Insurance Commercial Lines: 6.5 hours Total: 10 hours on pass of 1. *Financial Services Overview: 3.5 hours* 2. *Economic and Investment Overview: 3 hours* Professional Body membership hours 1. *Financial Services Overview: 3 Points Ethics & PS, 0.5 Point for pass of 2. *Economic and Investment Overview: 2.5 Points (Knowledge), 0.5 Point for pass of 3. Long-term Insurance: 6 Points (Knowledge), 0.5 Point for pass of FPI Reference: FPI18040022 iisa members: 1. *Financial Services Overview: 3.5 hours* 2. Short-term Insurance Personal Lines: 6.5 hours iisa Reference: iisa email dated 30/5/2018 iisa members: 1. *Financial Services Overview: 3.5 hours* 2. Short-term Insurance Commercial Lines: 6.5 hours iisa Reference: iisa email dated 30/5/2018 1. *Financial Services Overview: 3 Points Ethics & PS, 0.5 Point for pass of 18
Course & Cost Availability (FSCA fit & proper) hours Moonstone 3. Investments: 8.5 hours Total: 15 hours on pass of Professional Body membership hours 2. *Economic and Investment Overview: 2.5 Points (Knowledge), 0.5 Point for pass of 3. Investments: 8 Points (Knowledge), 0.5 Point for pass of FPI Reference: FPI18060036 19