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


Determination of Fit and Proper Requirements for Financial Services Providers, 2017

Chapter 3 : Competence Requirements

Part 2 : Minimum experience

Minimum experience requirements per Category of FSPs

18. Category II FSPs


(1) A Category II FSP and its representative must in relation to a financial product listed in Column A of Table 2 in Annexure One have the minimum experience in the rendering of Category II financial services in respect of the financial products listed in column B of the  Table.


(2) A key individual of a Category II FSP must have at least one year’s experience in the management or oversight of category II financial services.