SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Explain the application of the Promotion of Access to Information Act, 2 of 2002 and the Electronic Transactions and Communications Act, 25 of 2002, in Wealth Management 
SAQA US ID UNIT STANDARD TITLE
113928  Explain the application of the Promotion of Access to Information Act, 2 of 2002 and the Electronic Transactions and Communications Act, 25 of 2002, in Wealth Management 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 
2004-02-11  2007-02-11  SAQA 1852/04 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2008-02-11   2011-02-11  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
243225  Explain the application of the Promotion of Access to Information Act, 2 of 2002 and the Electronic Transactions and Communications Act, 25 of 2002, in a business environment  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners in a financial services environment. It will add value to financial planners, intermediaries financial advisers, representatives, personal assistants, administration assistants, healthcare intermediaries, coordinators of medical schemes and financial call centre agents who work in positions where the legislation is applicable.

The qualifying learner is capable of:
  • Explaining the requirements of the Access to Information Act that impact on wealth management.
  • Explaining the purpose of the Electronic Transactions and Communications Act and the implications for wealth management.
  • Explaining protection issues in the Electronic Transactions and Communications Act.
  • Explaining the application of the Electronic Transactions and Communications Act to the use of electronic systems in wealth management. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication, Mathematical Literacy and Financial Literacy at Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is the Promotion of Access to Information Act, 2 of 2002 and the Electronic Transactions and Communications Act, 25 of 2002 as the legislation impacts on financial planners and wealth managers and their dealings with clients. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the requirements of the Access to Information Act that impact on wealth management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. A manual is created using the criteria of the Human Rights Commission (HRC) as required in the Act. 

    ASSESSMENT CRITERION 2 
    2. The consequences of falsifying or destroying information are explained with examples. 

    ASSESSMENT CRITERION 3 
    3. The link between the South African Constitution and the Access to Information Act is explained with reference to the rights of the individual. 

    SPECIFIC OUTCOME 2 
    Explain the purpose of the electronic transactions and communications Act. 
    OUTCOME NOTES 
    Explain the purpose of the electronic transactions and communications Act and the implications for wealth management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The purpose of the Act is explained and an indication is given of how the Act regulates electronic transactions in wealth management. 

    ASSESSMENT CRITERION 2 
    2. A data message is analysed for compliance. 

    ASSESSMENT CRITERION 3 
    3. The status of electronic documents is explained and an indication is given of how this impacts on wealth management. 

    SPECIFIC OUTCOME 3 
    Explain protection issues in the electronic transactions and communications Act. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The concept of consumer protection is explained with reference to cooling off period, unsolicited goods and services, unsolicited communications (SPAM) and the foreign law complaints process. 

    ASSESSMENT CRITERION 2 
    2. The principles that apply to electronic collection and production of personal information are explained and an indication is given of how these affect financial planning. 

    SPECIFIC OUTCOME 4 
    Explain application of electronic transactions and communications Act. 
    OUTCOME NOTES 
    Explain the application of the Electronic Transactions and Communications Act to the use of electronic systems in wealth management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The code of ethics relating to the use of electronic systems is known and applied to wealth management. 

    ASSESSMENT CRITERION 2 
    2. The relationship between a client and a service provider is explained with reference to setting up a website in the wealth management environment. 

    ASSESSMENT CRITERION 3 
    3. The concept of cyber crime is explained and an indication is given of the consequences of committing cyber crime for financial planners and people in wealth management. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation for this Unit Standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative and formative assessment by a registered assessor.
  • Assessors must be registered as an Assessor with the relevant ETQA
  • Moderators must be registered as assessors with the relevant ETQA, or with an ETQA that has a Memorandum of Agreement with the relevant ETQA.
  • Training providers must be accredited by the relevant ETQA.

    Moderation should include both internal and external moderation where applicable. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is capable of communicating effectively in a wealth management environment using an electronic system. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 243225, which is "Explain the application of the Promotion of Access to Information Act, 2 of 2002 and the Electronic Transactions and Communications Act, 25 of 2002, in a business environment", Level 4, 2 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  48493   National Certificate: Financial Services: Wealth Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2007-02-11  Was INSETA until Last Date for Achievement 
    Elective  49649   Further Education and Training Certificate: Long-term Insurance  Level 4  NQF Level 04  Reregistered  2023-06-30  INSETA 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  INSETA 
    Elective  48640   National Certificate: Financial Services Management  Level 4  Level TBA: Pre-2009 was L4  Reregistered  2023-06-30  INSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Alcari Learning Centre (Pty) Ltd 
    2. BRC Solutions (Pty) Ltd 
    3. CKP Development Agency (Pty) Ltd. 
    4. De Vries Management & Training Services cc 
    5. Discovery Life Ltd 
    6. EJW Financial Services (Pty) Ltd 
    7. Executive People Development Solutions (Pty) Ltd 
    8. Faisit (Pty) Ltd 
    9. Intec College 
    10. Intelligo Solutions Pty (Ltd) 
    11. Invuya Institute of Learning (Pty) Ltd 
    12. Masifunde Training Centre (Pty) Ltd 
    13. Octomate (Pty) Ltd 
    14. Outsurance Insurance Company Ltd 
    15. Ripple Effect 4 (Pty) Ltd 
    16. RJM Educational Consulting PTY LTD 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.