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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Demonstrate an understanding of legal and ethical terminology in a banking environment 
SAQA US ID UNIT STANDARD TITLE
12765  Demonstrate an understanding of legal and ethical terminology in a banking environment 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
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 2  NQF Level 02 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
Persons credited with this Unit Standard know and understand basic legal and ethical terminology and concepts 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Open. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Describe the contractual capacity of different trading entities. 
OUTCOME RANGE 
Minors, persons married in and out of community of property, divorced persons, insolvent persons, the mentally incapacitated, alcoholics, drug addicts, sole proprietors, partnerships, close corporations, public companies, private companies, informal bodies such as churches, clubs, societies, non-profit organisations, trusts. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.The different trading entities are identified from given examples. 

ASSESSMENT CRITERION 2 
2.The rules pertaining to each trading entity are described for each of the above examples. 

ASSESSMENT CRITERION 3 
3.A decision is taken regarding the legality of each entity in the above examples. 

SPECIFIC OUTCOME 2 
Identify a range of different contract types and explain their importance to the organization. 
OUTCOME NOTES 
Identify a range of different contract types and explain their importance to the organization in banking situations. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.The different types of contracts are identified from a range of examples. 
ASSESSMENT CRITERION RANGE 
Suretyships, cessions and pledges and bonds.
 

ASSESSMENT CRITERION 2 
2.The terminology in the examples is defined and explained within the context of the contract. 

ASSESSMENT CRITERION 3 
3.The relevance of each type of contract to the organization is explained with examples. 

ASSESSMENT CRITERION 4 
4.The consequences of entering into an invalid contract are explained using examples. 

SPECIFIC OUTCOME 3 
Identify and briefly describe the regulations affecting the banking environment. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.The legislation affecting the banking environment. 
ASSESSMENT CRITERION RANGE 
Companies Act, Close Corporation Act, Trusts Act, Income Tax Act, VAT Act, Credit Agreements Act, Usury Act, Stamp Duty Act, Exchange Control Act, Insolvency Act, Road Traffic Act) is identified and described in not more than a simple paragraph.
 

ASSESSMENT CRITERION 2 
2.The purpose of the various Acts identified and described above is explained using banking examples. 

ASSESSMENT CRITERION 3 
3.Legislation relevant to specific banking situations is correctly identified using work-based examples. 

ASSESSMENT CRITERION 4 
4.The basic principles of compliance and the consequences of non-compliance with the legislation is explained using examples. 

SPECIFIC OUTCOME 4 
Explain the importance of ethical behaviour at work. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.An understanding of the principles and essential features of ethics and morality is demonstrated using case studies. 

ASSESSMENT CRITERION 2 
2.The Code of Banking Practice is located and it's main points summarized in relation to ethics in a banking environment. 

ASSESSMENT CRITERION 3 
3.The impact of unethical behaviour on the business is described in the context of a banking environment. 

ASSESSMENT CRITERION 4 
4.Ethical and unethical behaviours are differentiated from each other in case studies. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this Unit Standards shall be from the relevant education and Training Quality Assurer through formative and summative assessment by a registered Assessor. Assessment should be contextual and be conducted in the workplace as far as possible.

The relevant NSB and SGB should be notified of any feedback related to this qualification.
  • Assessors must be registered as an Assessor with the relevant ETQA
  • Moderators must be registered as assessors with the relevant ETQA
  • Training providers must be accredited by the relevant ETQA
  • Moderation should include both internal and external moderation where applicable
  • The relevant ETQA will co-ordinate all moderation activities in accordance with their policies and procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Language, jargon and terminology relating to legal issues
  • A sense of ethical issues especially as they relate to the banking environment. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
  • The learner is able to organize and manage oneself and one's activities responsibly and effectively in order to demonstrate ethical behaviour. 

  • UNIT STANDARD CCFO DEMONSTRATING 
  • The learner is able to demonstrate an understanding of the world as a set of interrelated systems by recognizing that problem-solving contexts do not exist in isolation, when considering the impact that ethical and moral issues have on business and society. 

  • REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
  • LEGAL REQUIREMENTS

    The following Acts are relevant to this Unit Standard. The learner needs to know where to locate the Act and explain briefly what it means and what it is for. The Companies Act, Close Corporation Act, Trusts Act, Income Tax Act, VAT .Act, Credit Agreements Act, Usury Act, Stamp Duty Act, Exchange Control Act, Insolvency Act, Road Traffic Act.
  • TERMINOLOGY
  • Simple legal terminology relating to legal entities, contracts, legislation and ethics can be explained. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20183   National Certificate: Banking  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2015-06-30  BANKSETA 


    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. Nedbank 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.