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Qualifications

The industry, persons, learning institutions, professional bodies, industry associations, training providers, employers (FSPs) may submit qualification applications to the Registrar for recognition as part of the new fit and proper requirements for consideration.

Transitional period prior to 2009

Date of First Appointment(DOFA) Date by which qualifications must be obtained
KI’s approved and Reps appointed up to 2007 30 or 60 credits, depending on licence category, in a registered skills programme by 31/12/2009
KI’s approved and Reps appointed in 2008 and 2009 OPTIONS:

1. Qualification as defined in Board Notice 106 of 2008, Part 10(1) consisting of 30 or 60 credits (as above), by 31/12/2011; or

2. A Full Qualification as recognised by the Registrar by 31/12/2013

New entrants from January 2010 onwards

KI’s approved in 2010 Recognised qualification as per the list of recognised qualifications in order to be approved as KI.
Reps appointed in 2010 under Supervision Entry level Matric /Grade 12 or School leaving certificate @ NQF level 4 (Excluding Cat 1.1 and 1.19 – minimum ABET Level 1)

 

A representative may only work for a period not exceeding six (6) years after date of first appointment under supervision, whilst obtaining the required experience, regulatory examination and recognised qualification as they apply.

List of Recognised Qualifications

Guidance note:

NB: Please be advised that the current qualification list BN76 of 2015 should be read in conjunction with the BN51 of 2017  

BN76 of 2015

BN51 of 2017

LIST NAME
List 1 List 1 Qualifications recognised for Category I FSPs
List 2 Specified subject(s) / module(s) / unit standard(s) based qualifications recognised for Category I FSPs
​List 3 List 3 Qualifications recognised for Category I FSPs for the transitional period only
List 4 List 4  Qualifications recognised for Category II and IIA FSPs
List 5 List 5 Qualifications recognised for Category III FSPs
List 6 Qualifications recognised for Category III FSPs for the transitional period only
List 7 List 7 Qualifications recognised for Category IV FSPs
List 8 Specified subject(s) / module(s) / unit standard(s) based qualifications recognised for Category IV FSPs
List 9 List 9 Qualifications recognised for Category IV FSPs for the transitional period only
List 10 Qualifications recognised for Category II and IIA FSPs for the transitional period only
List 11 Specified subject(s) / module(s) / unit standard(s) based qualifications recognised for Category II and IIA FSPs
List 12 Specified subject(s) / module(s) / unit standard(s) based qualifications recognised for Category III FSPs
List 13 List 13 Qualifications recognised for Compliance Officers

Click here to visit the SAQA webiste

List of Appropriate Subjects KIs and Reps

The following subjects are deemed to meet the requirements for appropriateness, and will be used in combination with the list of generic qualifications as approved by the Registrar.

“Generic qualification “means a qualification that addresses knowledge, skills and competence that are broadly applicable to the financial services industry, without addressing any specific type of narrow specialisation relating to a specific subcategory;

“Specific qualification “means a qualification that addresses specific and/or specialised knowledge, skills and competence that is applicable to the financial services industry, and may address a specific type of specialisation and/or subcategory in the financial services industry;

Category I Category II and IIA Category III
Accounting Accounting Accounting
Actuarial science Actuarial science Actuarial science
Agricultural economics Agricultural economics Applied Mathematics
Applied Mathematics Applied Mathematics Applied Statistics
Applied Statistics Applied Statistics Auditing
Auditing Auditing Business economics
Banking Banking Business Environment
Business Economics Business Economics Business Finance
Business Finance Business Finance Business information systems
Business Management Business Management Business Integration
Commercial law Commercial law Business Management
Companies law Companies law Companies law
Consumer behaviour Consumer behaviour Consumer behaviour
Corporate Finance Corporate Finance Companies law
Econometrics Econometrics Computer architecture
Economics Economics Corporate Finance
Estate and trust law Estate and trust law Econometrics
Finance Finance Economics
Financial Accounting Financial Accounting Estate and trust law
Financial analysis Financial analysis Finance
Financial Management Financial Management Financial Accounting
Financial planning Financial planning Financial analysis
Financial/Securities Markets Financial/Securities Markets Financial Management
Insurance Insurance Financial/Securities Markets
Interpretation of Statutes Interpretation of Statutes Interpretation of Statutes
Investment or Portfolio Management Investment or Portfolio Management Informatics
Law of contract or delict Law of contract or delict Information Technology Architecture
Management Accounting Management Accounting Information Technology Enterprise
Mathematical Statistics Mathematical Statistics Insurance
Mathematics Mathematics Investment
Marketing Marketing Law of contract or delict
Mercantile law Mercantile law Legal Environment
Portfolio Management Portfolio Management Management Accounting
Risk management Risk management Mathematics
Statistics or analytical techniques Statistics or analytical techniques Marketing
Strategic Management Strategic Management Mercantile law
Taxation Taxation Network administration
Taxation law Taxation law Process Management (Process Modelling and Control)
Wealth management Wealth management Programming
Risk Management
Services Marketing
Statistics
Strategic Communication
Management Skills
Strategic Marketing
Strategy
Taxation
Taxation law
Wealth management

List of Appropriate Subjects for Compliance Officers

SUBJECTS
Accounting Financial Planning
Auditing Financial/Securities Markets
Business Assurance Fraud Risk Management
Accounting Financial Planning
Auditing Financial/Securities Markets
Business Assurance Fraud Risk Management
Business Economics Health Care Benefits
Business Environment Informatics
Business Finance Insurance
Business Information Systems Interpretation of Statutes
Business Integration Law of Contract or Delict
Business Management Legal Environment
Commercial Law Mercantile Law
Companies Law Money Laundering Control
Compliance Management Network Administration
Computer Architecture Process Management (Process Modeling and Control)
Corporate Finance Retirement Planning
Corporate Governance Risk Management
Estate and Trust Law Strategic Communication Management Skills
Estate planning Strategic Management
Finance Strategy
Financial Management Wealth Management

Documents

  • Application process flow (pdf)
  • Application form (word)
  • Application form (pdf)
  • Application for Exemption (pdf)
  • Fees schedule (pdf)
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