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

Determinations

Amendment of the Determination of Fit and Proper Requirements, 2020

Chapter 3 : Competence Requirements

Part 1 : Application and General Requirements

12. General competence requirements
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An FSP, key individual and representative must—

(a)have adequate, appropriate and relevant skills, knowledge and expertise in respect of the financial services, financial products and functions that it performs;
(b)comply with the minimum requirements set out in Part 2, 3, 4 and 5 of this Chapter; and
(c)maintain their competence.