SAIS Membership and Board Examinations

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1 Entry criteria SAIS Membership and Board Examinations The entry criteria to sit for the SAIS Membership and Board Examinations are as follows: Those with the following qualifications: B.Com (Hons) or B Com (Investments); (Accounting); or (Economics) Chartered Accountant (South Africa) [CA (SA)] Chartered Financial Analyst [CFA] Those who have completed any other degree AND the one-year SAIS recognised course Programme in Investment Analysis & Portfolio Management at UNISA. [Credit will be given for an SAIS recognised equivalent one year course at an approved South African University provided the course covers all the identified subjects]. Those who have completed any other degree AND who have written and passed or have been granted exemption from all of the following SAIFM Registered Persons examinations: The Regulation and Ethics of the South African Financial Markets Introduction to the Financial Markets The Equity Market The Derivatives Market The Bond Market Those who have written and passed or have been granted exemption from all of the following SAIFM Registered Persons Examinations: The Regulation and Ethics of the South African Financial Markets Introduction to the Financial Markets The Equity Market The Derivatives Market The Bond Market JSE Settlement Officer JSE Compliance Officer JSE Registered Securities Trader (For more information on the above go to Previously registered for the SAIS Membership and Board examinations.

2 Registration for Investment Advice & Portfolio Management, Finance and Taxation (Investment, Finance & Tax) examinations. 1. Candidates are not eligible for any of the Investment, Finance and Tax courses or examinations unless they have registered for Rules I or Rules II or have already passed Rules I and/or Rules II. 2. The objectives of the Investments, Finance & Tax Examinations are to assess the candidate s knowledge as it relates to stockbroking in South Africa. The test should be challenging, comprehensive, fair and most importantly relevant to someone wishing to practice as a South African stockbroker. As we are part of an international investment community it will also attempt to recognise current global best practice in investment management and financial reporting. 3. Exemption to subjects will be granted as follows: Investment Advice & Portfolio Management examination. Anybody who is a fully qualified Chartered Financial Analyst (CFA), [but not to anybody who has only passed one or two years CFA]; or a B.Com (Hons) (Investments), with the appropriate majors. Finance examination. Anybody who is a fully qualified CFA; or a fully qualified Chartered Accountant (South Africa) [CA(SA)]; or has an accounting degree with Accounting III. Taxation examination. Anybody who is a fully qualified CA(SA); or has an accounting degree with Taxation III. 4. The examinations will be held as follows: Investment Advice & Portfolio Management Mon, 13 Nov 2017 Taxation Mon, 20 Nov 2017 Finance Mon, 27 Nov 2017 The Act, Rules & Procedures: Parts I & II Mon, 4 Dec 2017 Registration for examinations closing date (remains) : 13 October 2017 The Investment Advice & Portfolio module examination will be three hours in duration. At least fifty per centum of the total marks will be allocated to the practical investment question. Candidates must achieve a pass mark for this question plus an aggregate pass mark for the whole examination in order to obtain credit for this subject. The balance will be short answers. The practical investments question will be in the traditional format of responding to a client s needs and requests. The short questions will test the broader knowledge of investment theory and management. The Finance and Tax module examinations will each be two hours & 15 mins in duration and will include both long and short answers. 5. Registration Registration for studying courses and registration for the examination can be done together or separately. To register for the study course, please complete the attached registration and order forms and to sais@sais.co.za together with proof of qualifications and proof of payment.

3 Once you have ed all the required documentation, contact us on / to ensure that all has been received in good order. The closing date to register for the study course/s will be notified in due course. To register, fill in the attached registration and order forms and , along with proof of payment AND proof of qualifications, to sais@sais.co.za. Once you have sent all the required documentation, con contact us on / to ensure that all has been received in good order. The closing date to register to sit for the examinations will be notified in due course. Note that should you pay and register for the examination and not meet the entry requirements by the closing date, you will not be allowed to sit for the examination and all fees paid for the examination will be forfeited. 6. Lectures Please indicate on the registration form if you would like to attend lectures. Should enough candidates indicate interest, SAIS will make arrangements to provide lectures in the evenings. There will be a fee for lectures for each of the three modules, which, unfortunately, will only be held in Sandton, Johannesburg. It is advisable to attend lectures, if in Johannesburg or surrounding area. 7. Study Notes Study notes will not be available for these three modules, as there are prescribed text books and/or publications However if lectures are given, then the lecture presentations of these three modules will be made available to non-lecture attendees for an additional fee for each module. 8. Lectures and Study Notes The SAIS reserves the right to change or reschedule scheduled lectures when it deems it necessary, without prior notice. No refund will be made in respect of lecture fees paid when the candidate does not attend lectures (scheduled or re-scheduled) for any reason what so ever. 9. Syllabi The syllabus is included with the first lecture of each of the three subjects. If you are not registering for the lectures or the study notes a copy will be forwarded to you on request, once updated. The syllabi will usually be covered in prescribed text books/publications which will be advised to all registered candidates. 10. Current Legislation Please note that lectures and study notes are revised each semester to ensure that they contain the up to date references to the prescribed text books and / or legislation. Where applicable, lectures and study notes are also revised each semester to ensure that they contain the latest amendments to the Act, Rules, Directives and any related legislation included in the syllabus. Study notes acquired from previous examinations are used at the candidates peril.

4 REGISTRATION FM; MarkX: Investment Analysis & Portfolio Management Finance Taxation PART A PLEASE COMPLETE FULLY. INCOMPLETE FMS WILL BE REJECTED Title : X Mr. Mrs Miss Other Surname: First Names: PART B : If already registered for Rules I or II THIS SEMESTER; proceed directly to Part C Date of Birth: D D M M C C Y Y ID No / Passport No Phone (W) CO D E - Cell: Fax: C O D E - Phone :( H) ( C O D E Postal Address: P O Box Town Postal Code Address: NATIONALITY: X SOUTH AFRICAN OTHER - SPECIFY: Employer: Occupation: PART C Entry Criteria Currently registered for Rules I Previously passed Rules I/II Date Passed: Examination venue: X JHB DBN CT Entry Criteria met please attach proof thereof NOTE: At least one box must be checked in order to qualify to sit for the examination Where EXEMPTION from a module is applied for; mark the appropriate block below and attach proof of exemption: means that you can NOT apply for an exemption in that module, so you must write the examination) Accounting Taxation Investment Advice & Portfolio Man. 1. CFA 2. B. Com (Hons) (Investments) [with appropriate majors] 3. CA (SA) 4. B.Com (Hons) or B.Com (Investments, Accounting or Economics) [Including Accounting III] 5. B.Com (Hons) or B.Com (Investments, Accounting or Economics) [Including Taxation III]

5 SAIS DER FM : X Investment Advice & Portfolio Man. Finance Taxation DATE CELL NUMBER ( ) NAME SURNAME DESCRIPTION PRICE VAT TOTAL Lectures & copy presentations (Lecture attendees) Investment Advice & Portfolio Management Finance Taxation Copy Lecture presentation (Only non-lecture attendees) Investment Advice & Portfolio Management Finance Taxation Examination (exam registration closing date: 13 Oct 2017) Investments Mon, 13 Nov 2017 Taxation - Mon, 20 Nov2017 Finance - Mon, 27 Nov 2017 Annual student membership fee (compulsory once per calendar year) unless registered for Rules I or Rules II for this semester TOTAL R R R CRESPONDENCE ONLY - - R R R R R R R R30.70 R R (Kindly note that SAIS is VAT approved hence going forward VAT is applicable on all payments Please do not register for the examination unless you have met the entry criteria. Banking Details: SAIS First National Bank Bank City Current Account Please note: 1. Complete this form and the registration form and , together with proof of payment. Once you have e- mailed the required documentation, please call to ensure that all has been received in good order. 2. Registration will only be done if the registration form is completed in full, signed and once proof of payment in full has been received. 3. No refund will be made in respect of lecture fees paid where the candidate does not attend lectures (whether scheduled or re-scheduled), for any reason whatsoever. No refund will be made for study notes for any reason whatsoever. 4. No refund or funds transfer to the next semester will be made in respect of examination fees paid where the candidate does not or is unable to write the examination, for any reason whatsoever.

6 5. Late registration will only be entertained in exceptional circumstances. Application for late registration must be made in writing to the chairperson of the SAIS and a late registration fee of R will be applicable in all circumstances. I undertake to: Pay unconditionally all fees and charges payable to the South African Institute of Stockbrokers as they fall due for payment. Notify the South African Institute of Stockbrokers in writing before the specified deadlines of my intention to cancel my registration, failing which, I admit liability of all fees I, the undersigned, understand that should I register for the examination and not meet the entry requirements by the closing date for exam registration, I will not be allowed to sit the examination and I will forfeit all fees paid Name Signature Date