Public Finance Management Act, 1999
R 385
Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)Board NoticesExemption in respect of Services under Supervision in terms of Requirements and Conditions, 20083. Extent of exemption |
An authorised financial services provider is, in respect of a representative, exempted from the obligations under section 13(2)(a) of the Act regarding-
(a) | the experience requirements required in terms of paragraph 4(1)(b), (2)(b), (3)(b), (4)(b) and (5)( b) of the Determination of Fit and Proper Requirements, 2008; |
(b) | qualifications in terms of paragraph 5(1) (d) and (2)(d) of the Determination of Fit and Proper Requirements, 2008: |
(c) | the first and second level regulatory examinations referred to in subparagraphs (2)(c) and (3)(c) of paragraph 6 of the Determination of Fit and Proper Requirements, 2008 ; and |
[Paragraph 3(c) substituted by section 3(a)(i) of Board Notice 260 of 2013, dated 19 December 2013]
(d) | the Continuous Professional Development Requirements in terms of paragraph 7(1) of the Determination of Fit and Proper Requirements, 2008: |
Provided such provider complies with the requirements and conditions in paragraph 4 below.