With less than 50 days before the end of the current CPD cycle, are your hours matching the Fit and Proper requirements?
In terms of the Fit & Proper requirements (BN194), Continuous Professional Development (CPD) for regulatory (FSCA) purposes was officially in April last year.
This means advisors are obliged to perform CPD activities during a CPD cycle, which is a period of 12 months commencing on 1 June of every year and ending 31 May of the following year, starting on 1 June 2018. Provision is also made for proportionate CPD requirements for those who become liable during this cycle.
| If you render financial services for… | Then you must complete a minimum of… |
| a single subclass of business within a single class of business | six hours of CPD activities per CPD cycle |
| more than one subclass of business within a single class of business | 12 hours of CPD activities per CPD cycle |
| more than one class of business | 18 hours of CPD activities per CPD cycle |
Moonstone offers various events that are CPD accredited. Visit the Moonstone Event page for more information.
If you have any questions about CPD hours, we suggest that you download and study our informative – FAQ Guide. Maybe you only require 12 hours and not 18.
Alternatively, phone Linzee Adendorff on (021) 8838000 or email her on linzee@mbse.ac.za to address the problem urgently.
