Subject Title - INSETA

) Once a key individual has been approved by the Registrar, itdoes not matter if his personal circumstances change andaffect the honesty and integrity requirementsc) If a key individual is found guilty of any of the prohibitedactions within two (2) years after approval, it must bereported to the FSP and FSBd) All of the above7. The competency requirements for key individuals include thefollowing:a) Ongoing compliance with continuous professionaldevelopment (CPD) requirementsb) Minimum experience requirementsc) Completion of relevant regulatory examinationsd) a) and b)e) All of the above8. With regard to management and oversight experience of keyindividuals:a) It must already exist when the key individual applies forapprovalb) It can be gained while working under supervision of anotherkey individualc) It must be obtained within five (5) years of approvald) It must be obtained within two (2) years of approval9. The qualifying criteria serve two purposes:a) They are used to determine the fit and proper status of keyindividualsb) They are used to evaluate the content of the qualificationsagainstc) They are used to set the standards for the regulatoryexaminationsd) They are used to determine the experience of key individualse) a) and b)f) b) and c)g) d) and e)54 © INSETA - Section 1 12a