The competence requirements relating to regulatory examinations contained in this Part—
||subject to paragraph (b), apply to all FSPs, key individuals and representatives;
||a Category I FSP, its key individuals and representatives that are authorised, approved or appointed only to render financial services or manage or oversee financial services in respect of the financial products: Long-term Insurance subcategory A and/or Friendly Society Benefits; and
||a representative of a Category I FSP that is appointed only to—
||perform the execution of sales in respect of a Tier 1 financial product provided that the requirements in section 22(b)(ii) are complied with; and/or
||render financial services in respect of a Tier 2 financial product.