Protection of Businesses Act, 1978
R 385
Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)Board NoticesQualifications and Experience of Compliance Officers in respect of Financial Services Business, 20022. Qualifications and experience of compliance officers |
A person to be appointed as compliance officer other than a director, member, auditor, trustee, principal officer, public officer or company secretary of a particular authorised financial service provider as contemplated in section 17(1)(b) of the Act must be a person complying with the following qualifications and experience, namely, the person must—
| (a) | hold a legal or accountancy university degree, and with at least 3 years experience as regards the financial services industry; or |
| (b) | have passed any specific financial services industry, or compliance related course recognised by the registrar by notice in the Gazette, with 3 year’s experience as regards the of financial services industry; or |
| (c) | already be appointed as a compliance officer by virtue of a law other than the Act relating to the financial services industry; or |
| (d) | be an accredited member of the Compliance Institute of South Africa, or any other organisation recognised by the registrar by notice in the Gazette, and who has at least 3 years’ experience as regards the financial services industry. |
