Financial Advisory and Intermediary Services Act 2002 (Act No. 37 of 2002)DeterminationsDetermination of Fit and Proper Requirements for Financial Services Providers, 2017Chapter 3 : Competence RequirementsPart 2 : Minimum experienceMinimum experience requirements per Category of FSPs18. Category II FSPs |
| (1) | A Category II FSP and its representative must in relation to a financial product listed in Column A of Table 2 in Annexure One have the minimum experience in the rendering of Category II financial services in respect of the financial products listed in column B of the Table. |
| (2) | A key individual of a Category II FSP must have at least one year’s experience in the management or oversight of category II financial services. |