NZQA registered unit standard
27101 version 2
Page 1 of 3
Title
Identify and evaluate financial services offered to stakeholders
Level
4
Credits
2
Purpose
People credited with this unit standard are able to identify and
evaluate financial services offered to stakeholders.
Classification
Māori Business and Management > Finance - Māori
Available grade
Achieved
Explanatory notes
1
Definitions
Stakeholder refers to the person or persons who have or may have a vested interest,
not necessarily financial, in the activity or outcomes of the activities.
Financial services refer to banking loans (personal, commercial, mortgage), foreign
exchange, investment, insurance, market shares.
2
Legislation and codes relevant to this unit standard includes: Commerce Act 1986;
Companies Act 1993; Consumer Guarantees Act 1993; Credit Contracts and
Consumer Finance Act 2003; Fair Trading Act 1986; Financial Advisers Act 2008;
Financial Reporting Act 1993; Financial Service Providers (Registration and Dispute
Resolution) Act 2008; Financial Transactions Reporting Act 1996; Income Tax Act
2007; KiwiSaver Act 2006; Privacy Act 1993; Securities Act 1978; Securities Markets
Act 1988; Superannuation Schemes Act 1989; Trustee Act 1956; industry codes of
practice.
3
Assessment against this unit standard may take place in a work environment, in a
simulated work environment, or a combination of these facilities within a financial
service industry context.
NZQA Māori Qualifications Services
SSB Code 194
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
27101 version 2
Page 2 of 3
Outcomes and evidence requirements
Outcome 1
Identify and evaluate financial services offered to stakeholders.
Evidence requirements
1.1
Financial services offered by financial institutions are identified and evaluated in
accordance with stakeholder needs.
financial institutions may include but are not limited to – banks,
building societies, credit unions, finance companies, unit trusts,
insurance companies, Government funding and assistance,
finance brokers, Iwi Asset Holding Companies, Crown Forestry
Rental Trust, off-shore partnerships;
evidence of two financial services from each of four financial
institutions is required.
Range
Replacement information
This unit standard replaced unit standard 2604.
Planned review date
31 December 2017
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
9 December 2010
31 December 2017
Rollover and
Revision
2
20 August 2015
N/A
Consent and Moderation Requirements (CMR) reference
0113
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
NZQA Māori Qualifications Services
SSB Code 194
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
27101 version 2
Page 3 of 3
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Comments on this unit standard
Please contact NZQA Māori Qualifications Services mqs@nzqa.govt.nz if you wish to
suggest changes to the content of this unit standard.
NZQA Māori Qualifications Services
SSB Code 194
 New Zealand Qualifications Authority 2016