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: 

Administer basic client related transactions in a Collective Investment Scheme Manager or Linked Investment Service Provider (LISP) 
SAQA US ID UNIT STANDARD TITLE
117116  Administer basic client related transactions in a Collective Investment Scheme Manager or Linked Investment Service Provider (LISP) 
ORIGINATOR
SGB Insurance and Investment 
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 3  NQF Level 03  10 
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 
This unit standard introduces the knowledge and skills needed to administer basic client related transactions for local or foreign schemes in a Collective Investment Scheme Manager or Linked Investment Service Provider. It is based on the perspective of the Manager or Provider and not the investor.

The qualifying learner is capable of:
  • Explaining the products offered by a selected Collective Investment Scheme Manager or Linked Investment Service Provider.
  • Administering the selling of participatory interest by a Collective Investment Scheme Manager.
  • Administering the buying of participatory interest by a Collective Investment Scheme Manager.
  • Administering switches of participatory interest in a Collective Investment schemes.
  • Administering transfers of participatory interest in a Collective Investment schemes.
  • Maintaining client records in a Collective Investment Scheme Manager. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this unit standard. Learners should be able to use the required computer technology and should be competent in Communication and Mathematical Literacy at level 2. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is collective investment scheme both local and foreign, and transactions through a LISP
  • Changes to client records include, but are not limited to, personal details, banking details, income instruction and cessions/pledges.
  • Optional include payout and reinvestment.
  • Different parts of income distribution include, but are not limited to, interest and foreign and local dividends. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the products offered by a selected Collective Investment Scheme Manager or Linked Service Provider (LISP). 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The characteristics of at least two products are identified for a selected Collective Investment Scheme Manager or Linked Investment Service Provider (LISP). 

    ASSESSMENT CRITERION 2 
    The concept of income declaration is explained with reference to frequency. 

    ASSESSMENT CRITERION 3 
    The concept of income distribution is explained with reference to options and the different types of product. 

    ASSESSMENT CRITERION 4 
    Terminology used in local and foreign schemes is identified for investing into a scheme, disinvesting from a scheme, income distribution or dividends and the type of asset. 

    SPECIFIC OUTCOME 2 
    Administer the selling of participatory interest by a Collective Investment Scheme Manager. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of selling participatory interest in a collective investment scheme is explained with examples. 

    ASSESSMENT CRITERION 2 
    Rules relating to the sale of participatory interest in a collective investment scheme are explained with reference to the defined process and types of payment. 

    ASSESSMENT CRITERION 3 
    The sale of participatory interest in a collective investment scheme is administered according to the systems and business rules of a Collective Investment Scheme Manager. 

    ASSESSMENT CRITERION 4 
    The required documentation is identified and collated in order to complete the sale transaction. 

    SPECIFIC OUTCOME 3 
    Administer the buying of participatory interest by a Collective Investment Scheme Manager. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of buying participatory interest by a Collective Investment Scheme Manager is explained with examples. 

    ASSESSMENT CRITERION 2 
    Rules relating to the buying of participatory interest by a Collective Investment Scheme Manager are explained with reference to the defined process and types of payment to the investor. 

    ASSESSMENT CRITERION 3 
    The buying of participatory interest by a Collective Investment Scheme Manager is administered according to the systems and business rules of a Collective Investment Scheme Manager. 

    ASSESSMENT CRITERION 4 
    The required documentation is identified and collated in order to complete the buying transaction. 

    SPECIFIC OUTCOME 4 
    Administer switches of participatory interest in a collective investment scheme. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of switching participatory interest in a collective investment scheme is explained with examples. 

    ASSESSMENT CRITERION 2 
    Rules relating to the switching of participatory interest in a collective investment scheme are explained with examples. 

    ASSESSMENT CRITERION 3 
    The switching of participatory interest in a collective investment scheme is administered according to the systems and business rules of a Collective Investment Scheme Manager. 

    ASSESSMENT CRITERION 4 
    The required documentation is identified and collated in order to complete the switch transaction. 

    SPECIFIC OUTCOME 5 
    Administer the transfer of participatory interest in a collective investment scheme. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of transferring participatory interest in a collective investment scheme is explained with examples. 

    ASSESSMENT CRITERION 2 
    Rules relating to the transfer of participatory interest in a collective investment scheme are explained with reference to defined processes. 

    ASSESSMENT CRITERION 3 
    The transfer of participatory interest in a collective investment scheme is administered according to the systems and business rules of a Collective Investment Scheme Manager. 

    ASSESSMENT CRITERION 4 
    The required documentation is identified and collated in order to complete the transfer. 

    SPECIFIC OUTCOME 6 
    Maintain client records in a Collective Investment Scheme Manager. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Documents required to make changes to client records are identified with reference to company and legal requirements. 

    ASSESSMENT CRITERION 2 
    The concept of a cession is explained with reference to the use of cessions of participatory interest in collective investment schemes as collateral. 

    ASSESSMENT CRITERION 3 
    The impact of a cession on a client's investment is explained and an indication is given of the consequences of buying back participatory interest in a collective investment scheme before the withdrawal of a cession. 

    ASSESSMENT CRITERION 4 
    Changes to client records are effected according to an organisation's policy. 

    ASSESSMENT CRITERION 5 
    The different types of communication required for each client are identified and issued including statements, letters, market information and responses to client enquiries. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    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 ORGANISING 
    The learner is able to organise and manage him/herself and his/her activities responsibly and effectively in completing the required transactions within time specified in service level agreements. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in order to complete the required transactions. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively in issuing the different types of communication required by the various transactions. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use technology effectively in order to administer membership records. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

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

    UNIT STANDARD NOTES 
    Note that in this standard collective investment scheme includes both local and foreign schemes and transactions through a LISP. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  49089   National Certificate: Financial Services  Level 3  NQF Level 03  Reregistered  2023-06-30  INSETA 
    Elective  66613   Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    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. African Resources & Financial Training (Pty) Ltd 
    2. CKP Development Agency (Pty) Ltd. 
    3. De Vries Management & Training Services cc 
    4. Faisit (Pty) Ltd 
    5. Masifunde Training Centre (Pty) Ltd 
    6. Ray Strodl Consulting (Pty) Ltd 
    7. RJM Educational Consulting (Pty) Ltd 
    8. Sanlam Life Insurance 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.