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Training NSF recognises the importance of effective training within a business and provides training courses and products designed to focus upon food and ancillary industries needs and meet specific client requirements. 2015 Standard Bank is a licensed financial services provider. Section 29 of the Determination stipulates that a FSP and representative must complete the class of business training relevant to those financial products for which they are authorised or appointed prior to vkc forex technopark stellenbosch of any financial service in respect of such products. A key individual must, likewise, complete the class of business training in respect of the classes of business it manages or oversees and for which it is approved to act as key individual prior to managing or overseeing the rendering of any such financial services.

Who should attend Class of Business training? All FSPs, Key Individuals and Representatives appointed after 1 April 2018. FSPs, Key Individuals and Representatives who seek authorisation, approval or appointment for new financial product categories after 1 April 2018. Representatives working under supervision as at 1 April 2018, or appointed under supervision after 1 April 2018. Certain exemptions apply, depending on the type of business one does, and how it is conducted. Please contact your compliance officer if in doubt.

The registrations will be open via the MyMBSE online system, from the 15th of March 2018. When can I start with the training? CoB Training Modules will be available from 03 April 2018. What Class of Business should I do? Please consult with your Compliance Officer in this regard. This will depend entirely on the FSP’s license category. By when do I need to complete my Class of Business?