A person to be appointed as compliance officer other than a director, member, auditor, trustee, principal officer, public officer or company secretary of a particular authorised financial service provider as contemplated in section 17(1)(b) of the Act must be a person complying with the following qualifications and experience, namely, the person must—
| (a) | hold a legal or accountancy university degree, and with at least 3 years experience as regards the financial services industry; or |
| (b) | have passed any specific financial services industry, or compliance related course recognised by the registrar by notice in the Gazette, with 3 year’s experience as regards the of financial services industry; or |
| (c) | already be appointed as a compliance officer by virtue of a law other than the Act relating to the financial services industry; or |
| (d) | be an accredited member of the Compliance Institute of South Africa, or any other organisation recognised by the registrar by notice in the Gazette, and who has at least 3 years’ experience as regards the financial services industry. |
