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 3 : Competence Requirements

Part 2 : Minimum experience

Minimum experience requirements per Category of FSPs

19. Category IIA FSPs

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(1)A Category IIA FSP and its representatives must have at least three years’ experience in the rendering of category IIA financial services.

 

(2)A key individual of a Category IIA FSP must have at least one year’s experience in the management or oversight of category IIA financial services.