COB 1 Personal Lines

Class of Business 1 Short Term Insurance - Personal Lines

The COB 1 consists of 3 modules that you have to complete for your qualification.

  • MODULE 1: Overview of the financial services sector
  • MODULE 2: Short Term Insurance Fundamentals
  • MODULE 3: Fundamentals of short term insurance personal lines
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COB 2 Commercial Lines

Class of Business 2 Short Term Insurance - Commercial Lines

The COB 2 consists of 3 modules that you have to complete for your qualification.

  • MODULE 1: Overview of the financial services sector
  • MODULE 2: Short Term Insurance Fundamentals
  • MODULE 3: Fundamentals of short term insurance personal lines
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COB 3 Long Term Insurance

Class of Business 3 Long Term Insurance

The COB 3 consists of 3 modules that you have to complete for your qualification.

  • MODULE 1: Overview of the financial services sector
  • MODULE 2: Short Term Insurance Fundamentals
  • MODULE 3: Fundamentals of short term insurance personal lines
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Class of Business Training Deadline

The training deadline for Class of Business is based on your DoFA date. DoFA date means your date of first appointment requiring you to be registered according to the FAIS act. Your DoFA date does not represent the date you were employed by the company you represent, nor does it change when you move from one company to another. Take note that your DoFA date is not changed or extended should you leave the industry and return to the industry at a later date.

To know your deadline for Class of Business, Regulatory Exams and obtaining your qualification as required by law, you need to know your DoFA date.

Below is an image that explains the deadlines.

class of business deadlines

Class of Business Training deadline for the first product you sell is 12 months from your DoFA date, for the second product you have 24 months to complete your COB for that product.

The FSCA designed product training to combine product specific aspects with certain legislative requirements. According to stakeholders, this is positive as the requirements (such as tax consequences) in Section 7 of the General Code of Conduct can be integrated into the class of business training criteria. This will lead to a more coordinated and competent financial services sector where FSPs, KIs and representatives will be able to understand products themselves and the related legislation. Under the current requirements, first level REs focus on legislation and the second level REs on product knowledge. In the proposed product training this knowledge can be combined.

COB Training and Product Spesific Training Record Keeping

Conformation of Class of Business Training and Product spesific training must be provided externally and internally for FSP's, KI's and representatives.It is the responsibility of the FSP to record the participants of a class of business and/or product spesific training in their competence register within 15 days after completion of the training. Reporting to the FSCA is not required but the FSP must retain all relevant information and documents for a period of at least 5 years or as the Registrar specifies.

With class of business and product specific training FSPs, KIs and representatives are responsible for providing confirmation of training – provided both internally and externally. The FSP must record all the participants of any class of business or product specific training in the FSP’s competence register within 15 days after the participants completed the training. The FSP does not need to report this to the FSCA, but the FSP is required to retain all the information and documentation for at least five years or for any other purposes as specified by the Registrar.

class of business training

Frequently Asked Questions

When will Class of Business be available for registration?

The registrations are open and you can get registered today.

When can I start with the training?

CoB Training Modules have been available and you can start anytime.

What Class of Business should I do?

Please consult with your Compliance Officer in this regard. This will depend entirely on the FSP’s license category.

By when do I need to complete my Class of Business?

Please confirm with your Compliance Officer.

Can I do more than one Class of Business at the same time?

This is not recommended, but if you are prepared to put in the hours, you can do so at your own pace. Alternatively, you can complete a module at a time.

How long does a module take to complete?

The duration of the training is approximately 2 – 3 weeks per module, based on a 45 minute to 1-hour allocated study time, per working day. Some modules take longer than others due to the content thereof.


Class of Business Training Requirements

The Act stipulates that Class of Business training requirements for a FSP and representative is that they must complete the class of business (CoB) training relevant to those financial products for which they are authorised prior to rendering any financial service in respect of such products.

A key individual must, likewise, complete the CoB training in respect of the classes of business for which he/she is approved to act as key individual prior to managing the rendering of any such financial services.

Class of Business Training Material

Class of Business Material is made available to students once they register for a course. The Class of Business material is developed and approved by several providers. The material is accredited with the exams you will write.


There are 9 levels in Class Of Business:

  • COB 1 Short-term Insurance (Personal Lines)
  • COB 2 Short-term Insurance (Commercial Lines)
  • COB 3 Long-term Insurance
  • COB 4 Pension Fund Benefits
  • COB 5 Short-term and Long-term Deposits
  • COB 6 Structured Deposits
  • COB 7 Investments
  • COB 8 Forex Investments
  • COB 9 Health Services Benefits

Contact Us

Lets Study Training
23 Mollie Rd, Whiteridge,
Randburg, 1709
P: 010 300 7916

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