UPDATING OF COMPETENCE REGISTER FOR CATEGORY I REPRESENTATIVES UNDER SUPERVISION

Category I representatives working under supervision as at 1 April 2018 (and a person authorised or appointed after 1 April 2018 but prior to 1 May 2018) had to comply with the FAIS fit and proper product specific training requirements by 31 July 2018.

Please send a copy of your Competence Register, reflecting this training, to your compliance officer at ICS as soon as you have updated the Register, but no later than the end of August 2018. Please keep in mind that an FSP must within 15 days after the training has occurred, record the training in its Competence Register.

Should you have any Category I representative working under supervision who should have complied with the product specific training requirements by 31 July 2018, but has failed to do so, this person should immediately be removed as a representative and refrain from rendering financial services until he/she has complied with the product specific training requirements.

Please contact your compliance officer at ICS should you have any queries regarding the above.

 

 

 

 

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