Membership Fees
| 2025 Fees | |
|---|---|
| Membership Category | 2025 Fee (incl. VAT) |
| Individual Members | |
| Associate Stockbroker | R 7 182.00 |
| Affiliate Stockbroker | R 7 182.00 |
| Certified Financial Markets Practitioner | R 7 182.00 |
| Retired Stockbroker | R 2 874.00 |
| Student Member | R 274.00 |
FMP Learnership Fees
| Item | 2025 Fee (incl. VAT) |
|---|---|
| Workplace Provider | |
| Workplace provider application fee This is a once-off fee for the workplace (employer) | R 8 144.00 |
| Workplace provider monitoring fee Annual fee | R 5 248.00 |
| Learner | |
| EISA exam fee Per learner | R 7 622.00 |
CPD Fees
| Item | 2024 Fee (incl. VAT) |
|---|---|
| CPD Providers | |
| CPD Provider Application | R 5 953.00 |
| CPD Provider Annual Renewal | R 4 167.00 |
| CPD Programme Approval | R 1 191.00 |
| CPD Programme Approval – multiple days Per day | R 1 012.00 |
| *Corporate Member: CPD Programme Approval After first 10 applications | R 558.00 |
| *Corporate Member: CPD Programme Approval – multiple days Per day (after first 10 applications) | R 448.00 |
| SAIS CPD Courses | |
| Non-member course registration | R 1 191.00 |
| SAIS member course registration | - |
*Corporate Member Discounts
- Corporate members will receive the first 10 events for free as providers.
- Corporate members will receive a discount on the provider application and programme fee.
- Corporate members will receive a 10% discount per course for the first 10 non-members.
Professional Stockbroker Exams
| Professional Stockbroker Exams | 2025 Fee (incl. VAT) |
|---|---|
| Finance Exam | R 7 813.00 |
| Investment Advice & Portfolio Management (IAPM) Exam | R 7 813.00 |
| Legislation Exam | R 7 813.00 |
| Rules Part 1 Exam | R 7 813.00 |
| Rules Part 2 Exam | R 7 813.00 |
| Taxation in Financial Markets Exam | R 7 813.00 |
Kindly note that applications for examinations in Semester 2 will open on the 2nd of June 2025
Exemptions
| Exemptions | 2025 Fee (incl. VAT) |
|---|---|
| Application for exemption from the Finance Exam | R 1 874.00 |
| Application for exemption from the IAPM Exam | R 1 874.00 |
FINANCIAL MARKETS PROFESSIONAL REGULATORY RECOGNITION EXAMS
| Financial Markets Professional Regulatory Recognition Exams | 2025 Fee (incl. VAT) |
|---|---|
| Equities Compliance Officer | R 5 000.00 |
| Equities Clearing and Settlement Officer | R 5 000.00 |
| Equities Trader | R 5 000.00 |
| Derivatives Compliance Officer | R 5 000.00 |
| Derivatives Trader | R 5 000.00 |
| IRC* Compliance Officer | R 5 000.00 |
| IRC* Clearing and Settlement Officer | R 5 000.00 |
| IRC* Trader | R 5 000.00 |
| IAPM** (Equities, Derivatives & IRC) | R 5 000.00 |
| IAPM** Equities | R 5 000.00 |
| IAPM** Derivatives | R 5 000.00 |
| IAPM** IRC | R 5 000.00 |