QUALIFICATION COMPLIANCE PERIOD FOR SUPERVISED REPRESENTATIVES

Condition 2 of FSCA FAIS Notice 86 of 2018 describes specific compliance periods for supervised representatives with regards to regulatory exams, class of business training, continuous professional development, experience as well as qualification requirements.

This is a reminder that in terms of the abovementioned Notice, a supervised representative must within six years from the date that person was first appointed as a representative in respect of a particular financial product, comply with the qualification requirements applicable to that financial product.

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