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Financial Advisory and Intermediary Services Act 2002 (Act No. 37 of 2002)


Amendment of the Determination of Fit and Proper Requirements, 2020

Chapter 3 : Competence Requirements

Part 1 : Application and General Requirements

12. General competence requirements


An FSP, key individual and representative must—

(a) have adequate, appropriate and relevant skills, knowledge and expertise in respect of the financial services, financial products and functions that it performs;
(b) comply with the minimum requirements set out in Part 2, 3, 4 and 5 of this Chapter; and
(c) maintain their competence.