Subject Title - INSETA

Peter meets the honesty and integrity requirements.b) Jody qualified as a Chartered Accountant seven (7) yearsago. Three (3) months ago her membership of SAICA (theprofessional body that all Chartered Accountants must belongto) was terminated because they found her guilty offraudulent activities. Jody declared that this is not seriousbecause she wants to make a career change and doesn‟twant to practise as a CA any longer, therefore termination ofher membership is not relevant to her appointment as a keyindividual.Jody meets the honesty and integrity requirements.c) Jody meets the requirements because she was not foundguilty in any court of any acts of fraud, dishonesty or the likewithin the last five (5) years, although the FSP she workedfor, before applying to InsCo, had its licence withdrawn bythe FSB four (4) months ago because of mismanagement.Jody meets the honesty and integrity requirements.4. When submitting documentation with the application to be approvedas a key individual by the FSB, the following is required:a) Reference letters from previous employers must be submittedb) A detailed CV must be attached, indicating the experience theapplicant has gained within the last two (2) yearsc) A detailed CV must be attached, indicating the experience theapplicant has gained within the last five (5) yearsd) a) and b)e) a) and c)5. Key individuals must meet the following fit and proper requirements:a) All key individuals must have the required qualificationsb) All key individuals must complete the relevant regulatoryexaminations for the categories and subcategoriesc) All key individuals must have the minimum experiencerequirementsd) All of the above6 The following applies to changes in the personal circumstances of keyindividuals:a) Any change in the personal circumstances of a key individualafter approval by the Registrar, that affects his honesty andintegrity, must be declared to the FSP and FSB© INSETA - Section 1 12a 49