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 FSPs20. Category III FSPs |
| (1) | A Category III FSP and its representatives must have at least three years’ experience in the rendering of category III financial services. |
| (2) | A key individual of a Category III FSP must have at least one year’s experience in the management or oversight of category III financial services. |