Some of the provisions in FSCA FAIS Notice 17 of 2020 regarding CPD include:

CPD

2019/2020 CPD cycle (current cycle)

FSPs, key individuals and representatives, including supervised representatives where applicable, must obtain the minimum CPD hours for the 2019/2020 CPD Cycle by 31 August 2020, which gives FSPs, KIs and Reps an extra 3 months to complete the required CPD hours.

2020/2021 CPD cycle

Although the 2019/2020 CPD cycle deadline date has been extended by 3 months, the 2020/2021 CPD Cycle deadline dates remain unchanged as 31 May 2021. This means that the 2020/2021 CPD Cycle is effectively only 9 months and therefore, the required number of CPD hours for the 2020/2021 CPD cycle that will be applicable to an FSP, key individual, or representative (including a supervised representative where applicable) has also been reduced. In terms of FAIS Notice 17 of 2020, an FSP, KI or a Rep that is authorised, approved or appointed to render or manage or oversee the rendering of financial services in respect of:

a single subclass of business within a single class of business will be required to complete a minimum of 4 and a half hours of CPD activities.

more than one subclass of business within a single class of business will be required to complete a minimum of 9 hours of CPD activities.

more than one class of business will be required to complete a minimum of 13 and a half hours of CPD activities.