Financial Advisory and Intermediary Services Act 2002 (Act No. 37 of 2002)DeterminationsDetermination of Fit and Proper Requirements for Financial Services Providers, 2017Chapter 4 : Continuous Professional Development31. Application of Chapter |
| (1) | Subject to subsection (2) the fit and proper requirements relating to CPD contained in this Chapter apply to all FSPs, key individuals and representatives. |
| (2) | The fit and proper requirements relating to CPD contained in this Chapter do not apply to— |
| (a) | a Category I FSP, its key individuals and representatives that are authorised, approved or appointed only to render financial services or manage or oversee financial services in respect of the financial products: Long-term Insurance subcategory A and/or Friendly Society Benefits; and |
| (b) | a representative of a Category I FSP that is appointed to only— |
| (i) | render a financial service in respect of a Tier 2 financial product; and/or |
| (ii) | render an intermediary service in respect of a Tier 1 financial product. |