SIGNIFY PRODUCTS - FAIS MANAGEMENT MODULE

 

FAIS Management Module

Organisations that employ FAIS representatives are required to maintain a FAIS representative register and to send changes on the status of representatives to the Financial Services Board (FSB) on a regular basis. The Signify HR FAIS Management module will assist you in the maintenance of the FAIS register, as well as determining if certain fit and proper requirements are met.

Prerequisites: This module requires the installation of any version of the Employee Management Module.
 
Functionality
FAIS Management Module
Load multiple FAIS licenses for each Financial Service Provider (FSP)
Associate a default FAIS license to every Subsidiary code
Link multiple licenses to an employee and manage the FAIS role of the employee for each individual license
Link the required financial categories to a FAIS Representative, Supervisor or Key Individual
Link Supervisors and Key Individuals to Representatives
Keep record of whether a Representative is fit and proper per financial category
Maintain a list of company specific in-house products and link these products to financial categories
Link required training and qualifications to in-house products. This information can be used by 3rd party systems to determine if employees are allowed to sell the products
Reports:
FAIS register reports and difference reports
Lists of Supervisors and Key Individuals with reporting reps
Indicate whether employees have the minimum requirement qualifications and whether the employees have FAIS relevant qualifications
3rd Party integration possible (example sales system)
 
 
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