Subject Title - INSETA

3.3.7 Continuous professional development for representativesRepresentatives will also have to complete CPD programmes - refer to thediscussions in Chapter 2 above, which apply to representatives as well.The FSB must approve CPD activities and/or programmes and BN 103 of2008 contains the conditions for approval.Examples of verifiable CPD programmes and/or activities include thefollowing:a) Courses, conferences and seminarsb) Studies leading to informal assessments (e.g. additional qualification,which may be done through private study, distance learning orattendance at formal courses)c) Workshops ord) Structured self-study programmes, including web-based, computerbasedor paper-based delivery that assess knowledge.The amount of time spent by the role-players (such as Key Individuals,Representatives and Compliance Officers) on updating skills and knowledgethrough participation in CPD programmes, reflects the CPD notional hourswhich are prescribed for each function in the subordinate legislation. CPD willrequire that between 15 to 60 notional hours be achieved during a three-yearcycle.CPD notional hours must be completed every three years. The three-yearcycle will start on successful completion of the highest level regulatoryexamination. However, CPD cannot start later than six years from date offirst-ever appointment into a FAIS role or date of approval as a KI.3.4 REPRESENTATIVE REGISTER3.4.1 Overview of the register of representativesThe FAIS Act 34 requires that every FSP must have and maintain a registerwith information about the appointed representatives and where therepresentatives have key individuals, the information of those key individualsmust also appear on the register. (Juristic representatives will have keyindividuals).34 Section 13 of the FAIS Act 37 of 2002© INSETA - Section 1 12a 73