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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

20. Category III FSPs


(1) A Category III FSP and its representatives must have at least three years’ experience in the rendering of category III financial services.


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