NZQA 31859 Investment Services Environment and Concepts Assessment | Professional IQ College

31859 Investment Assessment 

Introduction

This assessment contains the information you need to determine competency for Investment:

Unit Standard 31859 — Demonstrate and apply knowledge of the investment services environment and concepts.

This document contains:

• Assessment Guidance
• Assessment Tasks 1-5
• Student Declaration Form
• Assessment Decision and Schedule Form

Assessment Guidance

The Assessment Process

To achieve the unit standard, you must complete and return to Professional IQ the following documents:

• Assessment answers for all questions or tasks.
• Student declaration form completed and signed.

The assessment is competency based and focuses on the application of learning in your future role as a financial adviser. The study guide provided for this unit standard contains the information necessary to develop your knowledge and understanding of investment concepts and the associated regulatory environment.

The qualified assessor will use their professional judgement and subject-matter expertise to evaluate your assessment ensuring that it is:

• Valid: meets the outcomes and evidence requirements of the unit standard being assessed
• Fair: a fair representation of what you can do and or know against the outcomes of the unit standard
• Authentic: it must be your own work and must not be copied from any course materials or other sources
• Sufficient: answers must be full and complete enough for the assessor to judge competency
• Consistent: answers are consistent with the assessor guidelines and national consistency requirements.

The evidence you submit must comply with any policies & procedures of your organisation, codes of practice of relevant professional bodies or any relevant legislative and regulatory requirements.

Students With Specific Needs

If you have specific learning needs, you should have informed Professional IQ of these at the time of enrolment. This enables the Academic Manager to discuss with you what appropriate support is required to complete your study and assessments.

The Assessor Role

The assessor will consider all written evidence provided by you and decide if it is competent or not yet competent.

The assessor may require you to provide more evidence on one or more questions or tasks, if in their judgement they feel the answer is insufficient or incorrect.

Where there is not enough evidence to make a decision on competency, your assessor will send you a Further Evidence Required request (FER) which means you will need to supply further information. They may contact you to have a professional conversation or to clarify a point in your answer.

The assessor will complete the Assessment Decision Form, including any feedback and return the result to you within 10 working days of receipt.

Please retain a copy of your assessment work and assessment results.

The Appeals Process

An explanation of the appeals process can be found in the Student Handbook located on Professional IQ under Student Resources.

If you disagree with an assessment decision, please follow the guide and complete an Assessment Appeal Form and send it to Student Support at Professional IQ. An independent assessor will be asked to investigate the appeal.

Resources

A copy of the unit standard can be downloaded from NZQA.

It is important you fully understand the outcomes and evidence requirements of the unit standard including any special notes, references and definitions applicable. The study guide is your main resource for this assessment.

You should read the study guide for this unit standard (as part of your course work) to enable you to answer the tasks listed in this assessment document.

References

This list is provided as a guide for students who are seeking further sources of information on this module:

• Code of Professional Conduct for Financial Advice Services;
• Consumer Guarantees Act 1993;
• Fair Trading Act 1986;
• Financial Markets Conduct Act 2013;
• Financial Services Legislation Amendment Act 2019;
• Income Tax Act 2007;
• KiwiSaver Act 2006;
• Trustee Act 1956;
• Trustee Amendment Act 1988;
• relevant industry codes of conduct;
  and all subsequent amendments and replacements.

Definition

Regulatory framework — legislation, regulations, codes of conduct and/or practice as they apply to financial services and the provision of investment services.