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 4 : Regulatory examinations

26. Regulatory examination requirements
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(1)A Category I FSP, its key individuals and representatives must successfully pass the applicable regulatory examination listed in Column A of Table A.

 

(2)A Category II FSP, its key individuals and representatives must successfully pass the applicable regulatory examination listed in Column B of Table A.

 

(3)A Category IIA FSP, its key individuals and representatives must successfully pass applicable the regulatory examination listed in Column C of Table A.

 

(4)A Category III FSP, its key individuals and representatives must successfully pass the applicable regulatory examination listed in Column D of Table A.

 

(5)A Category IV FSP, its key individuals and representatives must successfully pass the applicable regulatory examination listed in Column E of Table A.

 

(6)An FSP, a key individual and a representative must successfully pass the applicable regulatory examinations before that person’s authorisation, approval or appointment.

 

TABLE A

 

Column A

(Category I)

Column B

(Category II)

Column C

(Category IIA)

Column D

(Category III)

Column E

(Category IV)

FSP

RE 1

RE 1; and

RE 3

RE 1; and

RE 3

RE 1; and

RE 4

RE 1

Key Individual

RE 1

RE 1; and

RE 3

RE 1; and

RE 3

RE 1; and

RE 4;

RE 1

Representative

RE 5

RE 5

RE 5

RE 5

RE 5