Aim:

The aim of the SDPs is to develop individuals in order for them to eventually become Approved Executives.

Objectives:

• To provide individuals with a comprehensive understanding of the JSE Listings Requirements and Takeover Law.

• To provide an understanding of the Companies Act as it pertains to the role of a Sponsor and Approved Executive.

• To provide an understanding of King IV, Corporate Governance and Ethics as they pertain to the role of a Sponsor and Approved Executive.

• To provide an understanding of the relevant sections of the Financial Markets Act in terms of the various forms of Market Abuse.

Duration:

The SDPs run over five days with three exams thereafter over two days.

Programme Assessment:

• JSE Listings Requirements and Takeover Law: 70% weighting

• Companies Act, King IV and Ethics: 20% weighting

• Market Abuse: 10% weighting

To Obtain the Certification, Delegates must Satisfy the Following:

• Delegates must obtain a minimum pass of 75% for the JSE Listings Requirements and Takeover Law Examination.

• Delegates must obtain a minimum pass of 50% for the Companies Act, King IV and Ethics Exam.

• Delegates must obtain a minimum pass of 50% for the Market Abuse Exam.

The exam results are available approximately a month after the exams are written, with the exception of the November exams, these results are available by the end of January.

Examination(s) and Course Attendance Rules:

Delegates may only write the SDP examinations (being the three SDP examinations detailed above) if they have paid their fees. After the payment of fees, delegates must write the three SDP examinations in either the immediately following SDP (“first SDP”) or the SDP thereafter (“second SDP”). It is allowable for one or more SDP examination(s) to be written in the first SDP followed by the balance of the SDP examinations written in the second SDP (“SDP examination rules”). Therefore, a first attempt at an individual SDP examination may be effected in the first SDP or second SDP (“first attempt”).

It is not compulsory for delegates to attend the course lectures on their first attempt. However, any delegate that fails an examination(s) on his/her first attempt, who does not wish to incur further fees, must attend the lectures relevant to that/those failed examination(s) in the next SDP thereafter (“Next SDP”), and must rewrite the failed examination(s) in that Next SDP and must pass such examination(s). Should a delegate fail an examination(s) for a second time or only register to write a failed examination after the Next SDP, further fees will be charged on the pro rata basis detailed below.

Delegates will only be given exemption from the SDP examination rules and be allowed to carry SDP examinations past the second SDP or Next SDP if delegates can prove that illness or injury prevented lecture attendance and writing the SDP examination(s) involved. Note that being too busy, on holiday or any other reason not related to illness or injury does not qualify. Excluding illness and injury exemptions, if delegates fail to write all or some of the examinations in either the first or second SDP following receipt of their fees, such fees will be forfeited. Such delegates wishing to write any examinations thereafter will be invoiced again on the pro rata fees basis detailed below.

Any delegate that fails any SDP examination twice or who has not written any or all SDP examinations on a first attempt, and does not have an illness or injury exemption, and wishes to write thereafter – then for each such SDP examination attempt thereafter such delegate will have to pay a pro rata fee per SDP examination as follows – if all three SDP examinations are being rewritten = 100% of the fee at such time – if only the JSE LR/Takeover Law examination is being rewritten = 70% of the fee at such time – if only the Companies Act, King IV and Ethics examination is being rewritten = 20% of the fee at such time – if only the Market Abuse examination is being rewritten = 10% of the fee at such time, and so on  (“pro rata fees”). Any rewritten examination(s) require a delegate to attend lectures relevant to such examination(s) in that SDP.

Should a delegate wish to postpone their first attempt, this should be done in writing by email to KAR Presentations at kerry-ann@karpres.co.za, no later than one week before the scheduled SDP examinations.

Fees:

The fee for the SDP is R22 000 + VAT per delegate and is payable to KAR Presentations before the course date. The fee covers lectures, materials, tutorials, examinations and certification.