Competence Requirements - Minimum Experience
Financial Advisory and Intermediary Services Act
The Fit and Proper determination, Board Notice 194 of 2017 define experience in short as “ continuous practical working experience that entails the active and on-going gaining of knowledge, skills and expertise relevant to a particular category of FSP, particular financial service and, where applicable, a financial product …”
In the attached document we answer some frequently asked questions.
Should you have any further questions about the experience requirements you are welcome to submit questions to the FSCA at Fitandproper@fsca.co.za