Continuous Professional Development, as a competency requirement of the FAIS Act’s Fit and Proper Requirements, aims to ensure that financial services providers, key individuals and representatives maintain their required competence. The CPD cycle runs from 1 June to 31 May of every year.

The following table sets out the requirements*:

*Requirements as set out in BN194 of 2017 

Milpark Education offers a bouquet of two-hour, six-hour and four-week online short programmes relevant to the functions of the FSP, KI and Representative.

PROGRAMMES AIM TO:

• Contribute to knowledge, expertise, ethical and professional standards, or
• Increase technical knowledge, or
• Provide generic knowledge and understanding of the financial services environment and regulation, or
• Provide updates on changes in the economic or the regulatory environment.

WHAT YOU WILL GET WHEN REGISTERING FOR A MILPARK ONLINE SHORT PROGRAMME:

• Access to online programme page with online material
• Depending on the topic:
  • Videos from industry experts guiding you through complex aspects of the material
  • Activities to complete to assess your own understanding and progress
  • Three attempts at the online assessments.
• Online verifiable certificate available within 24 hours of completion.
• Submission of the acquired CPD points to the relevant professional body.