Financial Advisory and Intermediary Services Act 2002 (Act No. 37 of 2002)DeterminationsAmendment of the Determination of Fit and Proper Requirements, 2020Chapter 6 : Financial SoundnessPart 3 : Requirements applicable to specific Categories of FSPs and juristic representatives46. Application of Part |
| (1) | The requirements contained in this Part— |
| (a) | apply, subject to paragraph (b) to— |
| (i) | a Category I FSP that holds, controls or has access to client assets or that collects, holds or receives premiums or other monies in respect of a financial product; |
| (ii) | a Category II, IIA, III and IV FSP; and |
| (iii) | a juristic representative of an FSPs referred to in subparagraph (ii); |
| (b) | does not apply to— |
| (i) | a Category I FSP that does not hold, controls or has access to client assets or that does not collect, hold or receive premiums or other monies payable in respect of a financial product. |