Your CPD requirements.
Made easy.

You need CPD that matches the work you do — and each professional body has its own rules. This guide breaks down the requirements for FAIS, SAICA, and the Compliance Institute so you know exactly how many hours you need and what they must cover.

1. FAIS CPD Requirements

Key Individuals or Representatives must comply with CPD requirements. The CPD cycle starts on 1 June and ends on 31 May of every year.

What must it cover?

CPD can cover a broad range of subjects. We’ve got you here!

CPD must:

  1. be relevant to the function that the person is rendering;
  2. contribute to the skill, knowledge, expertise and professional or ethical standards of the person;
  3. address gaps in knowledge of laws, technicalities or generic financial services environment;
  4. take into account changing internal and external conditions relevant to the classes of business.

How many hours do I need?

If you are authorised for….

  1. a single subclass of business within a single class of business, you must complete a minimum of 6 hours of CPD activities per CPD cycle;
  2. more than one subclass of business within a single class of business, you must complete a minimum of 12 hours of CPD activities per CPD cycle; or
  3. more than one class of business, you must complete a minimum of 18 hours of CPD activities per CPD cycle

What is a class and a subclass of business? Find out here

Exemptions

  1. If you only render financial services in respect of: Long-term Insurance subcategory A and/or Friendly Society Benefits; and
  2. If you only render a financial service with regards to a Tier 2* financial product; and/or render an intermediary service (no advice) with regards to a Tier 1* financial product.
  3. Persons under supervision must first complete their Class of Business Training, Re Exams and Qualifications before the CPD Requirement kicks in.

What are the Tiers of financial products? Find out here

2. SAICA CPD Requirements Find out here

3. Compliance Institute CPD Requirements Find out here

4. Certified Tax Practitioner… Coming soon

5. Professional Accountant… Coming soon

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