In order to become a qualified Stockbroker you have to pass the Stockbroker exams set and administered by SAIS. To obtain the designation “Stockbroker” you have to meet the fit-and-proper requirements of SAIS and apply for and retain membership of the professional body. Membership of SAIS requires the payment of annual membership fees and adherence to the SAIS Code of Conduct.
A person who meets any of the following entry requirements may enter for the Stockbroker learning programme and/or exams.
The learning programme consists of five comprehensive and focused modules that aim to prepare practitioners for a career in stockbroking. The modules focus on best practice and aim to promote professionalism, integrity and credibility. The modules are:
The syllabi are made available to candidates once they have registered for the exams. The syllabi outline the learning outcomes against which candidates will be assessed in the exam.
In order to receive study materials, candidates have to register for the respective courses. The study materials consist of any combination of: references to prescribed text books and publications, study notes, lectures, practical examples and exercises. In some instances lectures will be available online. Others are offered in person in Johannesburg. The attendance of lectures is not compulsory but it is highly recommended. Students who register for the courses will also have access to lecturers if they have specific questions or problems related to the course content.
Please note that study materials are revised on a continuous basis and that old study materials may no longer be sufficient to prepare candidates for the exams.
Exemption from examinations may be granted if a candidate is qualified as follows:
A person 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 Honours (Investments), with the appropriate majors.
A person who is a fully qualified CFA; or a fully qualified Chartered Accountant (South Africa) CA (SA); or has an accounting degree with Accounting III.
A person who is a fully qualified CA(SA); or has an accounting degree with Taxation III.
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