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: 

Recommend and manage non-discretionary investment portfolios based on the client's needs and requirements 
SAQA US ID UNIT STANDARD TITLE
12894  Recommend and manage non-discretionary investment portfolios based on the client's needs and requirements 
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 6  Level TBA: Pre-2009 was L6  18 
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 intended for people working in or who intend to work in the Financial Markets sector.

Persons credited with this Unit Standard know and understand the financial markets and are able to measure, analyse and evaluate the performance of the investments and make recommendations to the client based on their findings. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learner will have mastered the following unit standards prior to attempting this one: "Perform mathematical and statistical calculations relevant to the Financial Markets".

It is further assumed that the learner will be competent in Communication and Mathematical Literacy at NQF Level 4. 

UNIT STANDARD RANGE 
"Investor" means an investor with a minimum of R15 million to invest.

"The needs and objectives of the Investor" includes:
  • Their financial status and activities
  • The corporate and financial objectives
  • The risk and return requirements

    "The financial markets instruments" include:
  • Equities
  • Fixed income instruments
  • Currency instruments
  • Money market instruments
  • Derivatives 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate an understanding of the theory of investments 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Efficient market theory is explained with examples. 

    ASSESSMENT CRITERION 2 
    2. Portfolio theory is explained. 

    ASSESSMENT CRITERION 3 
    3. Asset pricing theories and models are explained. 

    SPECIFIC OUTCOME 2 
    Identify the needs and requirements of the investor/potential investor 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Information relating to the client's situation is identified. 

    ASSESSMENT CRITERION 2 
    2. The needs and objectives of the investor are established. 

    ASSESSMENT CRITERION 3 
    3. The current economic situation and financial market expectations relating to the various instruments is evaluated and presented to the investor. 

    SPECIFIC OUTCOME 3 
    The portfolio is constructed and revised in consultation with the client 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Portfolio management policies are defined and agreed. 

    ASSESSMENT CRITERION 2 
    2. Portfolio management strategies for the financial markets instruments are formulated. 

    ASSESSMENT CRITERION 3 
    3. The relevance and impact of tax and exchange control is factored into the portfolio. 

    ASSESSMENT CRITERION 4 
    4. Risk measurement and management mechanisms are established. 

    ASSESSMENT CRITERION 5 
    5. The portfolio structure meets the criteria for the definition of "portfolio" described in JSE Directive BZ1. 

    SPECIFIC OUTCOME 4 
    Measure and manage the performance of the portfolio 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Standards for the presentation of investment results are established. 

    ASSESSMENT CRITERION 2 
    2. The performance of the portfolio is tracked against the required return on an ongoing basis. 

    ASSESSMENT CRITERION 3 
    3. he performance results are analysed and reported to the investor as agreed. 

    ASSESSMENT CRITERION 4 
    4. Recommendations for portfolio changes are made to the investor when the agreed criteria to do so are met. 

    ASSESSMENT CRITERION 5 
    5. Agreed changes are made within the timeframe specified. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation and moderation:

    Accreditation for this Unit Standard 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 
    A demonstrated understanding of:
  • The terminology relating to the Financial Markets and instruments
  • Investment theory
  • Company specific products and services 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information. For example the client's portfolio performance should be tracked, measured and analysed continuously. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and / or language skills in the modes of oral and / or written persuasion. For example, mathematical skills are needed to analyse the portfolio performance and both written and verbal communication skills are needed to report back to the client. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility towards the environment and health of others. For example, performance of the portfolio can be tracked, measured and analysed using computer technology. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Contributing to the full personal development of each learner and the social and economic development of the society at large, by making it the underlying intention of any programme of learning to make an individual aware of the importance of developing entrepreneurial opportunities. For example, an investor is engaging in entrepreneurial activities, and the learner would benefit from an understanding of this in order to serve the client better. 

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

    UNIT STANDARD NOTES 
    Terminology:

    Terminology relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms" published by Who owns Whom/PSG Online in 2001. ISBN 1-919850-04-X.

    Values:

    The use of tasks and materials in the learning event plan should not discriminate against learners on any grounds proscribed in the Bill of Rights and should promote the orientations outlined in the critical cross-field outcomes.

    Domain:

    Financial Markets 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  23653   National Diploma: Financial Markets  Level 6  NQF Level 06  Reregistered  2023-06-30  FASSET 


    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.
     
    NONE 



    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.