Subject Title - INSETA

We discussed the tables under 2.3 above – refer to these tables to see whatthe experience requirements are for representatives in each category.Let‟s look at the GENERAL EXPERIENCE requirements that apply to ALLrepresentatives in ALL the categories. 27The representative must, on the date of appointment (by the FSP), meet theminimum experience required in the different subcategories (as described inthe relevant table).It must be practical experience gained in the rendering of financialservices in the different categories and the subcategories concernedprovided that the experience:– involved the active and ongoing gaining of knowledge, skillsand expertise required in terms of the Act;– was obtained through active involvement in providingfinancial services and could have been gained whilst workingunder supervision for the minimum experience period;– could have been gained within or outside the borders ofSouth Africa;– could have been gained in intermittent periods, not morethan five (5) years prior to the application, and includesexperience gained prior to the implementation of the FAISAct. The dates relating to the experience must be clearlystated;– could have been gained simultaneously in multiplesubcategories, provided that proof of such experience can besubmitted.Now we look at the SPECIFIC EXPERIENCE REQUIREMENTS forrepresentatives for each category.27 Sections 4(1)(b), 4(2)(b), 4(3)(b), 4(4)(b), 4(5)(b) of BN 10666 © INSETA - Section 1 12a