Fais-In-Motion

Change Management and FAIS Specialists

New Legislation released for all FSPs

The long awaited “Twin Peaks” legislation has come into play. Product Specific Training, Class of Business (COB), Regulatory Exams, Full Qualifications and Continous Professional Development (CPD) are now required by legislation.

Who needs to do what by when?

Important dates to remember and consider. All dates are from the Key Individual or Representatives Date of First Appointment (DOFA):

Product Specific Training    – to be completed prior to rendering any financial service in the product.
Class of Business Training  – to be completed prior to managing or overseeing ( by KIs), or rendering any financial service in the Class

Transitional Arrangements

 Transitional arrangements apply to these requirements for some 2018 appointments and approvals as well as Representatives under supervision on 1 April 2018. These require urgent attention!
Regulatory Examinations (24 months)
Full Qualifications (72 months) Continuous Professional Development 
(appropriate activities over a 12-month cycle ending 31st May each year.)

Penalty for non conforming

By not completing the set  competency requirement Reps and Key Individuals stand the chance of debarment, and FSP’s could be fined or suspended for not conforming to legislative requirements and allowing their Reps to continue giving advice.

A full analysis is vital for anyone considering taking out insurance.  Reps need to be compliant to conduct a full analysis as they stand the risk of not understanding who needs to complete what and by when.

Board Notice 194 of 2017 published in December 2017 brought about numerous changes that impact the Regulatory Environment.

BN 194 of 2017 brought about changes in terms of the competency requirements for Financial Service Providers, Key Individuals and Representatives in the Financial Services industry.

Deadlines to conform put pressure on ALL FSP’s, large and small to conduct full evaluations on all staff, Representatives and Key Individuals to ensure a that they can meet the deadlines.

We offer all regulatory training using a blending approach which includes classroom workshops,  online digital training solutions as well as ongoing interaction with delegates.  These offerings are for Class of Business,   FAIS Exams (RE 1, RE 3, RE 4 and RE 5) and CDP Programs. 

Contact us now to obtain information so that we can analyse your needs and propose solutions accordingly.  We can make a difference irrespective of the size of your business or FSP.

Our blending approach also extends to “Train the Trainer” packages.  Give us the opportunity to equip your teams to conduct the relevant training for your business or FSP.

Our training material on our LMS or Yours?

Our online training is made available to your team through our bespoke Learner Management System (LMS). Alternatively, we can launch it through your corporate Learner Management System making is simpler for you to maintain and manage.

Flexibility is our Unique Value Proposition.

Ready to meet the requirements?

At Growth In Motion, our  team are ready and available to assist your organisation no matter what size. We offer our clients a choice of options,  which makes it feasible for an organisation of any size organisation to ensure they meet the stipulated deadlines.   You can this with our help and expertise.

 
Through our extensive knowledge, skills and experience and with a solid reputation in the Financial Services Industry, we can provide an end to end solution ensuring that your business will comply with new legislation and determinations.
This will pave the way for continuous, seamless compliance with the Financial Sector Amendment Act, Financial Advisory and Intermediary Services Act and going forward embracing the “Twin Peaks” model.
 All our products and services are geared to implement the RDR requirements.
 

We offer full Class of Business Training

Training and assessments on Product classes and sub classes.
These training solutions can be offered in class or online.

CPD activities are now required for

  • All Natural Person FSP’s
  • All Key Individuals
  • All Representatives
Did you know that certain representatives are not required to complete CPD?  Make sure you check your position! All records and evidence of CPD activities need to be kept on file for audit purposes.
Activities must cover a balanced range of appropriate aspects: simply doing the required minimum hours of CPD may not in itself ensure compliance!
Growth In Motion offer fully accredited CDP programs.  
 

Anywhere and Any how

Our unique value proposition allows us to offer our programs via our Learner Management System (LMS), or through your own in-house LMS.

We also offer Classroom training around the country.

Meet our Awesome Team

FAIS and COB Team. We have a unique, high value showcasing international exposure and experience in:

FAIS Training, Class of Business, CPD Training, People Change Enablement, Organisational Development, Facilitation, Learning, Compliance, Consulting, Coaching, and Design and Development 

Lita van Schalkwyk

Business Development and Programme Manager

 

Mary Hutchison

Relationship Manager

Anthony Campher

CFP®

Content Expert and Market Specialist

Mike Strohman

CFP®

Content Expert, Market Specialist in Bank and Insurance Industry, FAIS, RE and Compliance and Trainer

George Marneweck

Trainer and Specialist in Bank and Insurance Industry, FAIS, RE and Compliance

Thabo Mdakana

Design and Development Specialist: Online / Digital

Lawrence Jacobson

Design and Development Specialist: Online / Digital

Jabu Mnyakeni

Design and Development Specialist: Online / Digital

Raphael Tungwarara

Design and Development Specialist: Online / Digital

Claudine Chekerti

Design and Development Specialist: Online / Digital

Natasha Munemo

Design and Development Specialist: Online / Digital

Bradley Sorour

Trainer: Compliance and legal

A

Solutions for all size organisations

B

Years of experience in helping FSP’s train their people

C

Solution ready to act fast and deliver results

Contact Us

Contacts us to partner with you to successfully navigate  your people FSP meeting the change in the environment Don’t risk failure. Get Compliant. Speak to us today.

Meet some of our Customers

Growth In Motion has been privileded to work closely with many of South Africa’s top companies, as well a large international companies in the South African market.