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 THAT HAS PASSED THE END DATE: |
Demonstrate insight into how the South African Constitution impacts on the financial services industry |
SAQA US ID | UNIT STANDARD TITLE | |||
230074 | Demonstrate insight into how the South African Constitution impacts on the financial services industry | |||
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 6 | Level TBA: Pre-2009 was L6 | 6 |
REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
Passed the End Date - Status was "Reregistered" |
2018-07-01 | 2023-06-30 | SAQA 06120/18 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2026-06-30 | 2029-06-30 |
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 replaces: |
US ID | Unit Standard Title | Pre-2009 NQF Level | NQF Level | Credits | Replacement Status |
14502 | Demonstrate knowledge and insight into how the South African Constitution has impacted on the financial services industry | Level 6 | Level TBA: Pre-2009 was L6 | 10 |
PURPOSE OF THE UNIT STANDARD |
This Unit Standard is intended to promote an in depth knowledge and understanding of how the South African Constitution impacts in the financial services sector. It requires application of knowledge of the Constitution within the financial services environment and analysis and interpretation of the impact on the sector. It provides an opportunity for the learner to integrate theory and practice and to engage in thinking processes at a high level. It will be useful for Senior Managers, Company Secretaries, Compliance Officers, Human Resources, Directors of Companies, Risk Managers and Trustees.
The qualifying learner is capable of: |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
It is assumed that learners are competent in Communication at NQF Level 4. |
UNIT STANDARD RANGE |
The typical scope of this Unit Standard is:
|
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Analyse the South African Constitution from different points of view. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The South African Constitution is analysed and interpreted from different points of view within the financial services sector and ways in which the Bill of Rights could influence decisions are explained with examples. |
ASSESSMENT CRITERION 2 |
Rulings on different issues in the financial services sector are analysed and an indication is given of how each relates back to the Constitution or Bill of Rights. |
SPECIFIC OUTCOME 2 |
Interpret the concept of equality as enshrined in the South African Constitution. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The concept of equality is explained with reference to the Bill of Rights. |
ASSESSMENT CRITERION 2 |
The effect of the Right to Equality on a business environment is explained with reference to employment issues, Human Resource Policies, Skills Development and Employee Benefits. |
SPECIFIC OUTCOME 3 |
Demonstrating insight into the impact of the Constitution on governance issues in the financial services sector. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Issues of governance in the Financial Services sector that link to the Bill of Rights are identified and explained with reference to transparency, access to information, confidentiality, equality and disclosure. |
ASSESSMENT CRITERION 2 |
The changing nature of compliance is explained with reference to fiduciary duties of Board members, Management Executive Committees and Trustees. |
ASSESSMENT CRITERION 3 |
Attitudes and values in the industry in response to issues of diversity and social responsibility are identified with examples. |
SPECIFIC OUTCOME 4 |
Apply the Bill of Rights to product development in a financial services sub sector. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The evolution of products in different financial services sub sectors is compared and an indication is given of how the Bill of Rights has influenced existing and new products. |
ASSESSMENT CRITERION 2 |
The application of risk rating is discussed as a constitutional issue. |
ASSESSMENT CRITERION 3 |
The impact of the Bill of Rights on business selection is explained with reference to underwriting and weighting factors. |
ASSESSMENT CRITERION 4 |
The demands and expectations of clients in the financial services market are analysed in relation to increased awareness of personal rights and holding business accountable for its actions. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
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 COLLECTING |
Learners can collect, organise and evaluate information when researching rulings and changing attitudes to diversity and social responsibility in the industry. |
UNIT STANDARD CCFO COMMUNICATING |
Learners can communicate effectively when presenting the findings of their research. |
UNIT STANDARD CCFO DEMONSTRATING |
Learners are able to demonstrate an understanding of the world as a set of related systems in showing insight into the impact of the Constitution and the Bill of Rights on the financial services sector. |
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 |
This unit standard replaces unit standard 14502, which is "Demonstrate knowledge and insight into how the South African Constitution has impacted on the financial services industry", Level 6, 10 credits. |
QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
Elective | 57918 | National Certificate: Short Term Insurance | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | INSETA |
Elective | 66611 | National Certificate: Wealth Management | Level 5 | NQF Level 05 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | 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. |
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. |