Financial Advisory and Intermediary Services Act 2002 (Act No. 37 of 2002)DeterminationsAmendment of the Determination of Fit and Proper Requirements, 2020Chapter 5 : Operational Ability41. Representatives |
| (1) | A representative of an FSP must have the operational ability to effectively function as a representative of the FSP or perform the activities for which that person was appointed. |
| (2) | A juristic representative must at all times have at least one key individual responsible for managing or overseeing the financial services rendered by the representative. |