Subject Title - INSETA

What must be done?The FSP must maintain a register ofrepresentatives, and key individualsof such representatives, which mustbe regularly updated and be availableto the Registrar for reference orinspection purposes.The register must: provide a record of all therepresentatives of an FSP (andwhere applicable, keyindividuals of therepresentatives) which showspersonal information andcapacity of the representative(employee/mandatory). reflect compliance with fit andproper requirements; and show the applicable categoriesand subcategories therepresentative is appointed foror key individual is approved forThe Registrar may requireinformation from FSPs to enable theRegistrar to maintain andcontinuously update a central registerof all representatives and keyindividuals.Who must do it and how?The key individual must ensure thatprocesses are in place to ensure thatthe register is constantly updated –adding and removing representativesand key individuals. The register must be sent(uploaded) to the Registrarwithin 15 days of amendmentseither in hard copy format orelectronically. Changes in the circumstances ofrepresentatives or keyindividuals must be recorded inthe register. Key individuals must ensurethat there are adequateprocedures in place to recordthe information as well as toidentify changes in theinformation and record same.(See Chapter 3 for examples of whatshould be included in the register.)106 © INSETA - Section 1 12a