1123 Dog Hill Lane

Wilson, KS 67490

+34 785 658 5316

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COB Training

COB Training - Class of Business Training

Class of Business 1, 2 and 3 are now available as one day workshops, self study or online. Choose the best way for you to study and pass your COB exam. In addition you will get 6 CPD credits when completing your course.

Class of Business 1, 2 or 3 Workshop: R 1350,00 (per COB course)

  • A one day facilitated workshop where you are taken through the study material with full explanations to prepare you for the exam.
  • You receive a printed study guide when attending.
  • Tea/coffee is served on arrival and during breaks.
  • Light lunch at midday break.
  • An electronic version of the slideshow is emailed to you after the workshop.
  • Exam Fee Included (Online or Class) We book your exams at the workshop.

Class of Business 1, 2 or 3 Self Study: R 950,00 (per COB course)

  • Receive your printed study guide by courier delivered to your doorstep
  • Support by phone and email
  • Presentation slideshow in electronic format
  • Exam Fee Included (Online or Class) Just let us know when you would like to write your exam

Class of Business 1, 2 or 3 Online: R 627,00 (per COB course)

  • You receive access to the E-learning platform where you may complete your course and write the exam online
  • Exam Fee Included (Online or Class) Just let us know when you would like to write your exam

Venue Details

All workshops and exams are done at our venue.

Lets Study
4 Trichard Ave
Discovery
Roodepoort

Class of Business Training is a legal requirement for all FSP’s, Key Individuals (KI’s) and Representatives (Reps) relevant to the financial products for which they are authorised before rendering any financial service regarding the products.

Deadlines have been set by when these competency requirements must be met.

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Class of Business Deadlines

  • Representatives under supervision on 1 April 2018 have to successfully complete Class of Business Training by 1 August 2019.​
  • Representatives under supervision on 1 April 2018 have to successfully complete Class of Business Training by 1 August 2019.​
  • Representatives appointed on or after 1 August 2018 have to successfully complete Class of Business Training by 31 January 2019. If you have been appointed by 1 August 2018 onward, you will not be allowed to conduct business prior to the successful completion of the COB training.​
  • The FSPs, KI's and Reps, authorised before 1 April 2018 are considered to have completed the COB training in view of their past experience and are therefore exempt from COB training, unless they add new products to their licence.​

Penalty for non conforming​

By not completing the set  competency requirement Reps and Key Individuals stand the chance of debarment , and FSP’s could be fined or suspended for their Reps continuing to give advice without conforming.

The Class of Business training is available online so you are able to study in your own time at your own pace.

There are 9 levels in Class Of Business:​

  1. Short-term Insurance (Personal Lines)
  2. Short-term Insurance (Commercial Lines)
  3. Long-term Insurance
  4. Pension Fund Benefits
  5. Short-term and Long-term Deposits
  6. Structured Deposits
  7. Investments
  8. Forex Investments
  9. Health Services Benefits

To see the details of each COB please click the link on the COB that you are interested in. If you are not sure which is the correct COB for you please give us a call on 010 300 7916 or complete the form and we will call you with the correct information.

Class Of Business Training

Board Notice 194 of 2017 required changes in terms of the competency requirements for Financial Service Providers (FSP), Key Individuals (KI’s) and Representatives (Reps) in the Financial Services industry.

The Board Notice stipulated deadlines by which all FSP’s, no irrespective of size, have to conduct complete evaluations on all staff, Reps and KI’s. It is the FSP’s responsibility to ensure they meet the set deadlines.