Qualification requirements – Updated recognised list published

In an article in April we recapped the main qualification requirements based on Board Notice 194 of 2017.

Depending on the financial product/s which financial advisors are authorised for, new entrants to the industry may need to obtain an appropriate qualification for the applicable financial products within six years from their date of appointment for that financial product.

The question is: which qualifications are ‘acceptable’ qualifications and will meet fit and proper requirements?

Earlier this week, the Financial Sector Conduct Authority (FSCA) published the qualifications recognised in terms of section 24 of the 2017 Determination of Fit and Proper Requirements for FSPs and that are recognised in terms of section 52(2) of the Determination, for financial services providers, key individuals and representatives.

Click here to download the FSCA FAIS Notice 36 of 2019.

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