Understanding the process of debarment

Understanding the process of debarment

Category

Ethics & Practice Standards

CPD

5.5 CPD points

Course Description

Understand the obligation of the FSP to debar a representative or key individual.

·      Understand the meaning of debarment. 

·      Understand in which time frame debarment must be affected by the FSP.

·      Outline the process that must be followed by an FSP when debarring a representative.

·      Describe debarment by Financial Sector Conduct Authority (FSCA).

·      Describe what needs to be done when a person cannot be located.

Course Info

Prerequisites:
None
Skill Level:
All
Price: R 550.00
 

CURRICULUMS

  • Understanding the process of debarment



Compliance in Perspective

Compliance reflects conformance to the required legislative aspects. Failure to comply with these standards will result in businesses being exposed to risk, often with adverse effects. Through the FAIS and FIC Acts, compliance has been made an integral part of the business processes with more focus and reporting on compliance aspects. With this focus and the negative impact and implications of not complying, non-compliance is simply not an option. There are many complexities to incorporate compliance into daily business activities. It is the focus of VAPS Consultancy to assist customers to incorporate legislative requirements into policies and procedures to manage the risk of the business.




ABOUT US

VAPS Consultancy has been in operation since 2004 in providing Value Added Products and Services, mainly in the motor industry. The compliance function has become a major value-added service to customers to provide guidance, support, policies and procedures, monitoring and risk management to ensure customers operating within a compliance framework. Effectively VAPS offers compliance solutions to business partners.

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