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

Determinations

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

Chapter 1 : Interpretation, Purpose and Application of Determination

4. Fit and proper requirements

 

(1) The fit and proper requirements for each of the categories of FSPs, key individuals and representatives are—
(a) personal character qualities of honesty and integrity, as set out in Chapter 2;
(b) good standing, as set out in Chapter 2;
(c) competence, as set out in Chapter 3;
(d) continuous professional development, as set out in Chapter 4;
(e) operational ability, as set out in Chapter 5; and
(f) financial soundness, as set out in Chapter 6.

 

(2) To qualify for authorisation, approval or appointment as an FSP, key individual or representative a person must comply with the fit and proper requirements to the extent applicable to FSPs, key individuals and representatives in the relevant categories.