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: 

Outline the structure of the collective investment industry 
SAQA US ID UNIT STANDARD TITLE
243147  Outline the structure of the collective investment 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 3  NQF Level 03 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
8999  Outline the structure of the collective investment industry  Level 3  NQF Level 03   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard provides a broad introduction to the collective investment industry. It builds on the Unit Standard Describe collective investment schemes. It will be useful for learners in Administration in Collective Investment Scheme Managers.

The qualifying learner is capable of:
  • Identifying the main elements in the structure of the collective investment industry.
  • Describing the structure of a Collective Investment Schemes Manager.
  • Explaining how the collective investment industry is regulated.
  • Identifying the legislation that applies to the collective investment industry. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at Level 2. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • The main elements in the collective investment industry include, but are not limited to the Collective Investment Schemes Manager, trustee/custodian and portfolio manager.
  • Legislation includes the Collective Investment Schemes Control Act, 45 of 2002 (CISCA), the Financial Advisory and Intermediary Services Act (FAIS), the Financial Intelligence Centre Act (FICA) and the Protection of Constitutional Democracy Aainst Terrorism and Related Activities Act (POCDATARA).
  • Third party portfolios may be commonly referred to as white labeling.
  • Functions of ACI include, but are not limited to, establishing the regulatory environment and regulating advertising and members. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify the main elements in the structure of the collective investment industry. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The main elements of the Collective Investment industry are identified and an indication is given of the relationship between the elements with reference to the purpose of each. 

    ASSESSMENT CRITERION 2 
    The main elements of a collective investment scheme within the Collective Investment industry are identified with reference to a selected collective investment scheme manager. 

    ASSESSMENT CRITERION 3 
    The purpose of a deed or document of incorporation is explained and the main provisions of the documents are identified with reference to a deed or document of incorporation for a selected collective investment scheme portfolio. 

    SPECIFIC OUTCOME 2 
    Describe the structure of a Collective Investment Scheme Manager. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The structure and functions of a Collective Investment Scheme Manager are explained for a selected Collective Investment Scheme Manager. 

    ASSESSMENT CRITERION 2 
    The concept of third part portfolios is explained with examples. 

    SPECIFIC OUTCOME 3 
    Explain how the collective investment industry is regulated. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The role and functions of the Financial Services Board (FSB) are explained as they apply to the collective investment industry. 

    ASSESSMENT CRITERION 2 
    The functions of the Association of Collective Investments (ACI) are explained in relation to the members and investors. 

    ASSESSMENT CRITERION 3 
    The purpose of industry regulation is explained with reference to protection of the investor. 

    SPECIFIC OUTCOME 4 
    Identify the legislation that applies to the collective investment industry. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Legislation governing the collective investment industry is identified and an indication is given of the purpose of each Act. 

    ASSESSMENT CRITERION 2 
    The impact of legislation on collective investment scheme managers is explained with reference to the know your client requirements, compliance and limitations on giving advice. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

  • 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 COMMUNICATING 
    Learners can use visual and mathematical communication skills when explaining the structure of a Collective Investment Schemes Manager. 

    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 8999, ' Outline the structure of the collective investment industry ', Level 3, 2 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66613   Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  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.
     
    1. African Resources & Financial Training (Pty) Ltd 
    2. CKP Development Agency (Pty) Ltd 
    3. De Vries Management & Training Services cc 
    4. Faisit (Pty) Ltd 
    5. Investmentwise (Pty) Ltd 
    6. Ray Strodl Consulting (Pty) Ltd 
    7. RJM Educational Consulting (Pty) Ltd 
    8. Sanlam Life Insurance Ltd 
    9. The Graduate Institute of Financial Sciences (Pty) Ltd 
    10. Umfolozi FET College - Central Office 



    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.