The Financial Sector Conduct Authority (FSCA) has done it again… and provided some much needed relief for the industry in terms of meeting the Continuous Professional Development (CPD) cycle deadlines, given the current situation. This time it is for the completion of the CPD Cycle.
In terms of the Determination of Fit and Proper Requirements, representatives are obliged to comply with the required CPD hours within each CPD Cycle. This is a period of 12 months commencing on 1 June of every year and ending 31 May of the following year.
Yesterday, the FSCA issued FAIS Notice 17 of 2020 which provides an extension of the 2020 and 2021 cycles and also includes a reduction in the minimum hours per class and sub-class of business for the 2021 cycle.
Please contact us to partner with you to assess the implementation of this relief as well as develop a plan of action to achieve these revised timelines.
Director: Fathima Khan-Ahmod
Ahmod Consulting (Pty) Ltd.
Ahmod Consulting 