FIA members can now access the Skye FAIS Competency Register at NO COST and qualifying members who have their applications approved will have free and permanent use of the register for the FSP and all its reps and employees. Please complete, sign and return the attached application. There are limited free licenses on offer and approval will be on a first come first served basis.
FSP’s and particularly SMME’s are finding it increasingly difficult to keep up with the ever changing FAIS compliance regulations. The recent FSCA Board Notice 194 OF 2017 and FAIS Notice 86 of 2018 outlined the new Fit and Proper requirements relating to Class of Business Training, CPD hours, Product Training and Qualification requirements. These requirements are based largely on representative license categories and date of first appointment (DOFA) dates for each FAIS representative in the practice. The new Competency Register, Planning and Control Requirements are complicated and time consuming and include a number of technical management challenges for most FSP’s. The Skye system seeks to simplify all this by building all the Fit and Proper rules and regulations, recognised qualifications, training providers, license categories and DOFA dates into the back-end of the IT system. The Management Reports produced are easy to use and talk to the needs of both small and larger brokerages in the Insurance Sector. We believe that the use of technology can and will improve the management of legislative challenges in the industry and the data used to generate reports for the company’s annual Workplace Skills Plan and Annual Training Reports for INSETA.
The FIA has negotiated FREE use of the Competence Register which will be funded by INSETA.
Users will also have the option to access the full Client Relationship and Document management, Compliance, HR and Practice Management modules at their own additional cost. For more information and a quote please contact Rob Lansdell at firstname.lastname@example.org or view www.skyetek.co.za.
We have included a few screenshots of the Skye Competency Module as well as a brochure listing the features and modules available for the full system.
Qualifying criteria for FIA members: The FSP needs to submit its 2019 Training Report to INSETA by 31 May 2019. If this has not already been submitted and you require assistance, then please contact Rob Lansdell at email@example.com or on (041) 5015300 for telephonic support. This report will include formal training, CPD and Product Training done during 2018 and planned training for 2019
The INSETA deadline for submission of Training Reports is 31 May 2019.