Unit Standard No.12164Page 3
THE FINANCIAL ADVISORY AND INTERMEDIARY SERVICES ACT
This series consists of six modules:
Module 1 – Introduction
This module looks at the NQF, Skills Development terminology, the concept of outcomes based education, and the unit standard upon which this material is based.
Module 2 – FAIS in context
This module places the legislation in context in relation to other pieces of legislation.
Module3: The purpose of FAIS
This workshop will examine the reason for the introduction of the FAIS legislation.
Module 4: How the authorisation process works
This module will explore the authorisation process to be followed by a Financial Services Provider.
Module 5: The application of disclosure and conduct requirements in a selected sub sector
This module will focus on the requirements of disclosure and conduct and its application thereof within a selected sub-sector.
Module 6: Mechanisms for enforcement and implications and rights of recourse available to aggrieved clients
This module provides a practical look at the mechanisms available for enforcement and looks at the implications for both the intermediary as well as the industry.
It also looks at the different rights of recourse that clients have under the FAIS legislation.
INSMAT final materials31/10/03