Debarment Processes and Procedures for an FSP

What is it about?

This workshop is aimed at anyone in an FSP role who wishes to understand the legislative procedures around debarment under the FAIS and FSR Acts. This workshop will cover in detail the regulations FSPs and key individuals need to know and follow when debarring a person. We will look at case law from the courts and the Financial Services Tribunal to see where FSPs have gone wrong and highlight how labour law principles and unfair labour practices intersect with FAIS. This workshop will explore some practical exercises dealing with debarment and disciplinary procedures. Finally, we will explore the implications of COFI on debarment.

The workshop is aimed at the following financial services role players, but not limited to:

Key individuals
Representatives
FSP Executives
Compliance Officers
Human Resources
Legal advisors
Labour law consultants and lawyers
Attorneys
Managers
Regulators
Union officials

Workshop outline

Debarment legislation: FAIS, FSR Act, PAJA, COFI and FSCA Guidance notes
Fit and Proper requirements
Types of debarment
Debarment and labour law
Debarment policies and procedures
Debarment hearings
Appeals

Outcomes of the workshop

On completion of the program the participant will be able to:

Identify the different legislative provisions relating to debarment by FSPs and the FSCA
Recognise how to follow debarment procedures
How to avoid pitfalls in debarment proceedings as FSP or representative
Distinguish between debarment and disciplinary actions and procedures
How to conduct debarment hearings
How to appeal debarment orders and dealing with the FSCA
Apply provision to reinstatement of representatives

Paul Rabenowitz

Paul Rabenowitz AIF^®, CFP^®, CIPM, FIFM, FPSA^®, GFS™, RF™, PGDFP, Adv PGDFP (With distinction), Certificate in Pension Funds Law, Certificate in Administration of Estates (With distinction), Programme in Investment Analysis and Portfolio Management (With distinction), Programme in Financial Management (With distinction), Programme in Risk Management (With distinction), Certificate in Fiduciary Governance, Certificate in Advanced Corporate Law and Securities Law

Paul is the founder of Lightbulb Learning and Training, which specialises in providing training for financial planners for formal qualifications, regulatory examinations, professional competence and the FPI Board Exams. In 2007, Paul was awarded the prize for top Advanced Post-graduate student in the country for both modules. He is the managing editor of the SA Financial Planning Handbook, SA Financial Planning Case Studies, Fundamentals of Financial Planning, Legislation Handbook and Preparatory Guide for RE 1 & RE 5, all published by LexisNexis. He is passionate about the education, transformation and professionalism of the financial planning industry. He has been a guest speaker at numerous events. Paul is also the founder of The Assembly Improv South Africa which provides facilitation in long-form improvisational comedy, team building and applied improv for developing financial planners’ communication skills. Paul has completed CFA level I and the Psychology of Financial Planning Specialist™ course. He is a Fellow of the South African Institute of Financial Markets and serves as a Governor on the SAIFM board.

Methodology

The workshop will be offered online whereby a delegate whose attendance has been confirmed in writing will receive by email –

a copy of the power point slides to be used in the workshop
a link to join the online workshop at the set time

CPD

CPD for FAIS purposes
This workshop provides verifiable CPD points in terms of the Determination of Fit and Proper Requirements for Financial Services Providers, BN 194 of 2017, provided that the content is appropriate for your role within the company. A certificate of attendance will be issued that could be submitted to your company’s compliance officer. The number of verifiable CPD hours will be up to 3 hours.

CPD for SAIFM members’ purposes
This workshop provides verifiable CPD points in terms of the CPD policy of SAIFM provided that the content is appropriate for your current or future role within the company. A certificate of attendance will be issued, which should be retained and submitted should you be selected for a SAIFM member CPD audit. The number of verifiable CPD hours will be up to 3 hours.

Enquiries

All enquiries can be directed to Melissa Joao: melissa@saifm.co.za / 011 802 4768

DATE 17 January 2024

TIME 09h00 – 12H00

COST
SAIFM Full members pay R3110.00 per person (Inc. VAT)
SAIFM Affiliate members pay R3405.00 per person (Inc. VAT)

KINDLY NOTE: Closing date for bookings and receipt of payment is 2 December 2023.

Disclaimer: Once SAIFM has confirmed that a workshop would carry on, cancellations will only happen in unforeseen, emergency situations such as the trainer becoming indisposed. In such extreme cases, proof of the event that necessitated the cancellation, including a doctors’ note if the trainer is indisposed, will be provided to delegates to present to their employers. While every effort is made to ensure that confirmed workshops continue uninterrupted, it may happen in rare circumstances that we are obliged to cancel. In such a case, a full refund will be made. It is recommended that uncapped wifi/fibre is made use of for the duration of the workshop. All data costs incurred will be for your own account.