Every module maps directly to the qualifying criteria in the FSCA Preparation Guide. Study what the exam actually tests.
Module 01
The FAIS Act - Definitions & Overview
Who the Act applies to, key definitions, and the regulatory framework for financial services.
Module 02
Authorisation & Registration
FSP licensing requirements, fit and proper standards, and the FSCA registration process.
Module 03
Code of Conduct
General Code of Conduct obligations - honesty, due care, confidentiality, and intermediary services.
Module 04
Disclosure Requirements
What must be disclosed to clients, when, and how - including product, remuneration, and risk disclosures.
Module 05
FIC Act - FICA Compliance
Anti-money laundering obligations, Know Your Customer (KYC), and cash transaction reporting.
Module 06
Ombud & Complaints
The FAIS Ombud's role, how to handle client complaints, and prescribed timeframes.
Module 07
Key Individual Obligations
Responsibilities of Key Individuals, supervision requirements, and accountability structures.
Module 08
Fit & Proper Requirements
Honesty and integrity standards, competency requirements, and continuous professional development.
Module 09
Administrative & Enforcement
FSCA powers, penalties for non-compliance, debarment, and the appeals process.
Module 10
Twin Peaks and the Regulatory Framework
The Twin Peaks model, the FSCA and Prudential Authority mandates, financial sector laws, and how regulators supervise and co-operate.
Module 11
The Compliance Officer and Ongoing FSP Compliance
The compliance officer's role and the ongoing compliance obligations an FSP must meet after authorisation.
Module 12
Record Keeping and Professional Ethics
Record-keeping obligations and the professional and ethical standards expected of FSPs and representatives.