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: 

Complete and submit reports within the financial markets sector as required by legislation and by company policy 
SAQA US ID UNIT STANDARD TITLE
12881  Complete and submit reports within the financial markets sector as required by legislation and by company policy 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
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 5  Level TBA: Pre-2009 was L5 
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 is for people working in, or who intend working in, a Financial Markets environment. Persons accredited with this Unit Standard are able to complete and submit reports within the Financial Markets sector as required by the legislation and company policy 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learner is competent in communications at NQF Level 4 or equivalent. 

UNIT STANDARD RANGE 
"The legislation governing the Financial Markets" includes:

The Financial Markets control Act No. 55 of 1989
The Stock Exchanges Control Act No.1 of 1985
The Inspection of Financial Institutions Act No. 38 of 1984
The Financial Institutions (Investment of funds) Act No. 39 of 1984
The Custody and Administration of Securities Act No.85 of 1992
The Insider Trading Act No. 135 of 1998
The Marketable Securities Tax Act No. 32 of 1948
The Stamp Duties Act No.77 of 1968
The Uncertified Securities Tax Act No. 31 of 1988
The Schedule issued in terms of the Banks Act No. 94 of 1990
The Exchequer and Audit Act
The South African Reserve Bank Act
The Land Bank Act
The Banks Act
The Companies Act
The Bills of Exchange Act

However, not all of the legislation may apply to all learners, and as such not all need be assessed. The first five Acts listed are the most important, and should be focused on by users of this Unit Standard, unless the organisation or the learner identifies other Acts that have a major impact on their work. In this case, only the five most relevant Acts should be used. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Identify the records required by the Financial Markets legislation and the Exchange rules and direct 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The required records specified in the legislation, rules and directives governing the Financial Markets are identified with examples of where, when and how they are used 

ASSESSMENT CRITERION 2 
2.The person/s or position/s within the organisation responsible for the maintenance of the records is/are identified and an indication given of their specific roles in relation to the records 

SPECIFIC OUTCOME 2 
Identify the reports that must be submitted in order to comply with the legislation. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Company policy relating to the compilation and submission of reports is described and a check made that all the required reports are being kept 

ASSESSMENT CRITERION 2 
2. The content requirements of each report are summarised and company records checked against the requirements to ensure compliance 

ASSESSMENT CRITERION 3 
3. The format for each report is described briefly to ensure compliance 

ASSESSMENT CRITERION 4 
4. The frequency of each report is specified to ensure compliance 

SPECIFIC OUTCOME 3 
Complete and submit reports required in own job function. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Reports are completed as per agreed format 

ASSESSMENT CRITERION 2 
2. Reports contain the required information, analysis and recommendations 

ASSESSMENT CRITERION 3 
3. Reports are submitted in time to the specified recipient 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this Unit Standards shall be from the FASSET Education and Training Quality Assuror through formative and summative assessment by a registered Assessor. Assessment should be contextual and be conducted in the workplace as far as possible.
  • Assessors must be registered as an Assessor with the FASSET ETQA or with an ETQA that has a Memorandum of Understanding with the FASSET ETQA
  • Moderators must be registered as assessors with the FASSET ETQA or with an ETQA that has a Memorandum of Understanding with the FASSET ETQA
  • Training providers must be accredited by the Fasset ETQA or with an ETQA that has a Memorandum of Understanding with the FASSET ETQA
  • Moderation should include both internal and external moderation where applicable 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The terminology relating to the Financial Markets and instruments 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    Organize and manage oneself and one`s activities responsibly and effectively. For example it takes personal discipline to complete and submit reports on time. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information. For example, information to be included in reports must be analysed, organized and evaluated if the report is to be of value to the recipient. 

    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 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Fundamental  23653   National Diploma: Financial Markets  Level 6  NQF Level 06  Reregistered  2023-06-30  FASSET 
    Elective  50481   National Certificate: Financial Markets and Instruments  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  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. Felix Risk Training Consultants 
    2. Full Value Financial Services (Pty) Ltd 
    3. Nedbank Ltd 
    4. The Academy of Financial Markets 
    5. The Facilitation Workshop 
    6. The Institute of Literacy Advancement 



    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.