CPD DEADLINE AND CONSEQUENCES OF NON-COMPLIANCE

The extended deadline for completion of the minimum required CPD hours for the current CPD cycle is 31 August 2020. Representatives and key individuals must complete the minimum required CPD hours by midnight on 31 August 2020.  

CPD is a requirement in terms of Chapter 4 of the FAIS Fit and Proper Requirements, 2017. Representatives and key individuals who do not comply with the Fit and Proper Requirements, 2017 may not render financial services or manage and oversee the rendering of financial services, and should be removed from the FSP’s license.

ICS must submit irregularity reports to the FSCA in all cases of non-compliance with FAIS and the Fit and Proper Requirements, 2017.  

To avoid negative repercussions, please urgently complete the required CPD before midnight on 31 August 2020. 

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