This class of membership is intended to provide recognition to the most senior and accomplished financial markets practitioners who have applied for fellowship and have been approved by the Board of Governors. The requirements for fellowship are as follows:

• The applicant should have been a full member for at least 6 months.
• The applicant must have passed the Registered Persons Examination or such equivalent or superior examination as the Board of Governors may approve.
• The applicant must have established his or her professional expertise in the financial markets.
• This means that –
• The applicant must have been actively involved in the financial markets for at least five years.
• The applicant must have currently a senior or top management position (i.e. a position where decision-making can significantly be influenced).
• The applicant must have acquired such professional expertise and eminence in the field of the financial markets that his/her admission would be in the best interests of SAIFM.
• The applicant must have made a contribution to the financial markets. This means that he or she should comply with two or more of the following:
• He/she should have played a significant role in developing or running one or more markets, instruments, indices, market benchmarks or similar developments or achievements.
• He/she should have an academic qualification superior to and approved by the Board in addition to the minimum examination requirements laid down by the Board.
• He/she should have publications in accredited journals, or textbooks or active participation in conferences (presenting) excluding presentations to clients, excluding presentations made to clients and newsletters for own clients.
• He/she should have played in role in educating financial market participants through formal education, on-the-job training or through contributing the establishment of training institutes.
• He/she should have done pioneering work in relevant fields.

Maintenance of fellowship status

Annual subscription: A fellow shall maintain his or her fellowship status by paying a subscription of R906-00 (VAT inclusive) per annum in advance for the year 1 August to 31 July; and

Continued professional development (CPD): A fellow shall comply with the Institute's CPD requirements in terms of the Institute's CPD policy to maintain the status of fellowship.

Designation

A fellow shall be entitled to using the appellation FIFM after his or her name, on condition that:

• the fellow's subscription is paid up to date or arrangements have been made for payment thereof with the Institute. Should payment not be received by the Institute within three months of the commencement of the subscription year, a member's status shall revert to affiliate membership; and
• the fellow complies with the Institute's CPD requirements
• the fellow has not been suspended or expelled in terms of the Charter for contravening the Institute's Charter or Code of Conduct.

Benefits of fellowship

A fellow shall be entitled to the following benefits of this class of membership:

• making use of the Institute's examinations
• participating in training workshops for general financial markets education or in preparation for examinations with the appropriate discount relevant to this class of membership
• attending conferences with the appropriate discount relevant to this class of membership
• receiving the Institute's online magazine, advertisements for positions in the financial markets and any other newsletters that the Institute may issue
• participating in any other activities that the Institute may offer to further its main objectives, including continued professional development (CPD) initiatives
• voting at the annual general meeting
• eligibility to be elected to the Board of Governors

To apply for fellowship, please send a comprehensive CV covering as a minimum the requirements above, accompanied by a letter addressed to the Board of SAIFM providing a motivation of why you would like to become a fellow of SAIFM and why your admission as a fellow would be in the best interests of SAIFM to Christie-anne van Wyngaardt.