1. TITLE: Complete and submit reports within the financial markets sector as required
by the legislation and company policy

2.UNIT STANDARD NUMBER:12881

3.LEVEL ON THE NQF:5

4.CREDITS:7

5.FIELD:Business, Commerce and Management Studies

Sub Field:Finance, Economic and Accounting

6.ISSUE DATE:30/04/2003

7.REVIEW DATE:30/04/2006

8.PURPOSE:

Persons accredited with this unit standard are able to complete and submit reports within the financial markets sector as required by the legislation and company policy

9.LEARNING ASSUMED TO BE IN PLACE:

It is assumed that the learner will have achieved English at Grade 12 level or equivalent.

10.SPECIFIC OUTCOMES AND ASSESSMENT CRITERIA:

Specific Outcome 1: /

Identify the records required by the financial markets legislation and the Exchange rules and directives

Assessment Criteria

1.1The required records specified in the legislation, rules and directives governing the financial markets are identified

1.2The person/s or position/s within the organisation responsible for the maintenance of the records is identified

Specific Outcome 2: / Identify the reports that must be submitted in order to comply with the legislation

Assessment Criteria

2.1Company policy relating to the compilation and submission of reports is described

2.2The content requirements of each report is summarised

2.3The format for each report is described briefly

2.4The frequency of each report is specified

Specific Outcome 3: /

Complete and submit reports required in own job function

Assessment Criteria

3.1Reports are completed as per agreed format

3.2Reports contain the required information, analysis and recommendations

3.3Reports are submitted timeously to the specified recipient

11.ACCREDITATION AND MODERATION:

Accreditation for this Unit Standard shall be from the relevant Education and Training Quality Assurer through formative and summative assessment by a registered Assessor. Assessment should be contextual and be conducted in the workplace as far as possible.

The relevant NSB and SGB should be notified of any feedback related to this qualification.

  • Assessors must be registered as an Assessor with the relevant ETQA
  • Moderators must be registered as assessors with the relevant ETQA
  • Training providers must be accredited by the relevant ETQA
  • Moderation should include both internal and external moderation where applicable
  • The relevant ETQA will co-ordinate all moderation activities in accordance with their policies and procedures

12.RANGE STATEMENT:

"The legislation governing the financial markets" includes:

  • The Financial Markets control Act No. 55 of 1989
  • The Stock Exchanges Control Act No.1 of 1985
  • The Inspection of Financial Institutions Act No. 38 of 1984
  • The Financial Institutions (Investment of funds) Act No. 39 of 1984
  • The Custody and Administration of Securities Act No.85 of 1992
  • The Insider Trading Act No. 135 of 1998
  • The Marketable Securities Tax Act No. 32 of 1948
  • The Stamp Duties Act No.77 of 1968
  • The Uncertified Securities Tax Act No. 31 of 1988
  • The Schedule issued in terms of the Banks Act No. 94 of 1990
  • The Exchequer and Audit Act
  • The South African Reserve Bank Act
  • The Land Bank Act
  • The Banks Act
  • The Companies Act
  • The Bills of Exchange Act

However, not all of the legislation may apply to all learners, and as such not all need be taught or assessed. The first five Acts listed are possibly the most important, and should be focused on by users of this unit standard, unless the organisation or the learner identifies other Acts that have a major impact on their work. In this case, only the five most relevant Acts should be used.

13.NOTES:

  • EMBEDDED KNOWLEDGE

A demonstrated understanding of:

The terminology relating to the Financial Markets and instruments

  • CRITICAL CROSS-FIELD AND DEVELOPMENTAL OUTCOMES

The ability to:

  • Organize and manage oneself and one's activities responsibly and effectively. For example it takes personal discipline to complete and submit reports on time.
  • Collect, analyse, organise and critically evaluate information. For example, information to be included in reports must be analysed, organized and evaluated if the report is to be of value to the recipient.
  • TERMINOLOGY

Terminology relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms" published by Who owns Whom / PSG Online in 2001. ISBN 1-919850-04-X

See notes above relating to the range of legislation affecting the financial markets.

  • VALUES

The use of tasks and materials in the learning event plan should not discriminate against learners on any grounds proscribed in the Bill of Rights and should promote the orientations outlined in the critical cross-field outcomes.

  • DOMAIN:

Financial Markets

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