Courses


  R 550,00  

Bribery and Corruption

Ethics & Practice Standards

  • Learn the consequences of bribery and corruption and acknowledge the actions against it.
  • Get awareness on laws and regulations of anti-bribery and corruption through clear examples so as to mitigate the risks involved in an organization.




  R 200,00  

FIC for Non-Representatives

Information

  • Learn the consequences of money laundering and reporting time limes.
  • Get awareness on laws and regulations of FIC through clear examples so as to mitigate the risks involved in an organization.




  R 500,00  

Financial Markets

Technical

The Financial Markets Act (Act no. 19 of 2012) provides for regulation of the financial markets in South Africa. The course provides a brief introduction to the Act and thereafter consider the requirements and responsibilities imposed on the role-players regulated in terms of the Act. The course concludes by considering the stipulations to prevent market abuse and insider trading.





  R 250,00  

Fraud

Ethics & Practice Standards

Fraud can be prevalent in the workplace and business; employees need to be well trained and vigilant to prevent fraudulent offences from occurring.





  R 450,00  

Fundamentals of Long Term Insurance

Risk Management

After studying the topic, the learner should be able to:

  • Define a long-term insurance policy.
  • Outline the general features of the different type of life risk policies and long-term investment policies.
  • Define the different parties to a long-term insurance policy.
  • Explain the principles underlying long-term insurance policies.
  • Describe the fees and charges applicable to long-term insurance policies.
  • Outline the general risks associated with long term insurance policies




  R 400,00  

General Code of Conduct

Ethics & Practice Standards

The process of making certain changes to the General Code of Conduct has now come to an end with the final amendments published on 26 June 2020. Some of the provisions come into effect immediately while other provisions only start 6 or 12 months from date of publication (i.e. 26 December 2020 or 26 June 2021). 

The course considers the amendments and considers the Code of Conduct in it entirety with the amendments in place.





  R 150,00  

Introduction to Investments

Technical

By the end of this course you will be able to:

  • Know the difference between savings and investments
  • Different types of products
  • What is risk insurance
  • Who the role players are




  R 600,00  

Introduction to Short Term Insurance

Technical

LEARNING OUTCOMES

After studying the topic, the learner should be able to

·      Give an overview of short-term insurance

·      Explain the purpose of the Short-Term Insurance Act (53 of 1998) and related concepts

·      Explain the basic requirements of the Short-Term Insurance Act that apply to insurers

·      Explain how the Short-Term Insurance Act controls intermediaries

·      Explain how the Short-Term Insurance Act regulates Short-term insurance policies and protects individual policy holders





  R 500,00  

Policy Protection Rules

Ethics & Practice Standards

The course considers the policy holder protection rules (2017) issued in terms of the Long-term Insurance Act as amended by Government notice 997 of 28 September 2018.

The new rules also provide for micro insurance product standards to support the microinsurance regulatory framework as established by the Insurance Act 18 of 2017.





  R 900,00  

Policy Protection Rules - Short Term

Ethics & Practice Standards

The course considers the policy holder protection rules (2017) issued in terms of the Short-term Insurance Act as amended by Government notice 996 of 28 September 2018. The new rules also provide for micro insurance product standards to support the microinsurance regulatory framework as established by the Insurance Act 18 of 2017.





  R 400,00  

POPI

Ethics & Practice Standards

  • Learn the consequences of not adhereing to POPI
  • Understand the regulatory framework under which the processing of personal information is regulated
  • Outline the 8 data processing conditions imposed on responsible parties and operators




  R 300,00  

Record of Advice

Ethics & Practice Standards





  R 50,00  

Supervision - understanding the new criteria

Ethics & Practice Standards

AT the end of the course, learners will understand the following:

  • Board Notice 86 of 2018 stipulations regarding the conditions for which representatives may render services whilst working under supervision.




  R 50,00  

The Internet of Things in Insurance

Short-term Insurance: Commercial Lines

LEARNING OUTCOMES After studying the topic, the learner should be able to

  • Define the Internet of things.
  • Describe how the Internet of Things has already and will likely impact insurance in the




  R 400,00  

The Process of Debarment

Ethics & Practice Standards

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.





  R 200,00  

Time Management

General

Time management training most often begins with setting goals. These goals are recorded and may be broken down into a project, an action plan, or a simple task list. Activities are then rated based on urgency and importance, priorities assigned, and deadlines set. This process results in a plan with a task list or calendar of activities. Routine and recurring tasks are often given less focus to free time to work on tasks that contribute to important goals.





  R 450,00  

Treating Customers Fairly

Ethics & Practice Standards

  • Understanding the 6 outcomes
  • Fair treatment of customers underpins the General Code of Conduct for financial services providers (FSPs) and Representatives. While the principles embodied within the outcomes may already form part of the culture of an FSP’s business, the demonstration of the outcomes may not yet be in place and changes to some business processes may be required, and in some cases new processes may need to be implemented. 




  R 300,00  

Understanding Crypto Currency

Technical

This course is an introduction to Cryptocurrency (or Crypto Currency) as an investment class. It will address the nature, fees and general risks associated with such investments, with a specific focus on identifying appropriate clients, or group of clients, to this alternative intangible investment class.





  R 600,00  

Understanding the FIC ACT

Ethics & Practice Standards

  • Learn the consequences of money laundering and reporting time limes.
  • Get awareness on laws and regulations of FIC through clear examples so as to mitigate the risks involved in an organization.




  R 300,00  

Understanding the National Credit Act



Purpose of the National Credit Act

The Act has three main purposes, in terms of section 3; to promote and advance social and economic welfare of South Africans; to promote a fair, transparent, competitive, sustainable, responsible, efficient, effective and accessible credit market and industry, and to protect consumer.







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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