Government Gazette

Vol. 421, No. 21372, 21 July 2000

GENERAL NOTICE

Notice 726 of 2000

NSB 03 hereby registers an SGB for Financial Services for a period of three years, until 26 May 2003. The SGB will liaise closely with all the other sub-fields under Business, Commerce and Management Studies.

BRIEF OF THE SGB

1. Identify transformation, development and equity issues relevant to the sub-field Financial Services in NQF organising field 03 and develop mechanisms to include these issues within standards and qualifications as envisaged in 2 below [Regulation 24(1)(e)].
2. Generate the following standards and qualifications in accordance with Authority requirements.

• Certificates in Financial Services Practice (in the areas of Banking, Asset Management, Investments, Short and Long Term Insurance, Micro-Finance, Stock-Broking and Trust Services) at NQF Levels 2 to 4.
• Diploma in Financial Services (in the areas of Financial Solutions, Structuring of Risk, Provision of Insurance and Retirement Benefits, Marketing Financial Services, Financial Asset and Investment Management, Planning and Administration of Estates and Trusts) at NQF Level 5.
• Bachelors Degree in Financial Services Management (in the areas of Financial Systems Management, Asset and Investment Management, Risk Management, International Trade and Treasury Management) at NQF Level 6.
• Masters and Doctoral degrees in one or more of the areas of Global Financial Services and Risk Structuring at NQF levels 7 and 8 [Regulation 24(1)(a)]

3. Develop learning pathways for qualifications and standards for Financial Services in the subfield Finance, Economics and Accounting in NQF organising field 03 from levels 2 to 8 [Regulation 24 (1)(e)].
4. Recommend the qualifications and standards generated in 2, above, to National Standards Body 03 [Regulation 24 (1)(c)].
5. Recommend criteria for the registration of assessors and moderators or moderating bodies [Regulation 24(1)(d)].
6. Liaise with the proposed SGBs for Accountancy and Financial Management and for Economics in the sub-field Finance, Economics and Accounting in the generation of qualifications and standards and with other relevant SGBs generating qualifications and standards in the area o Management in the organising field [Regulation 24(1)(a)&(e)].
7. Accept and perform other related functions as requested by NSB 03 [Regulation 24(1)(e)].

COMPOSITION OF THE SGB