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
|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.
|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.
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