Subject Title - INSETA

Experience requirements for Category I representativesAll the general experience requirements must be met in relation to Category Iand the subcategories concerned, and in addition:if the licence changes to include other financial services or othersubcategories, the experience requirements of the othersubcategories must be met provided that: 28– if the change includes additional financial service (advice andintermediary service), the representative must obtain 50% ofthe experience requirements applicable to the additionalfinancial services (as indicated in the applicable table); and– if the change relates to an additional subcategory, therepresentative must obtain 100% of the experiencerequirements applicable to the additional subcategory (asindicated in the applicable table).Experience requirements for Category II representativesAll the general experience requirements must be met in respect of CategoryII and the subcategories concerned, and in addition:the experience could have been gained in a team environment wherethe person participated in the process of making investmentdecisions while working under supervision; 29 andif the licence changes to include the financial services in othersubcategories, the experience requirements of the othersubcategories must be met. 30Experience requirements for Category IIA representativesAll the general experience requirements must be met in respect of CategoryIIA, and in addition:the representative must have three (3) years‟ practical experience inthe rendering of financial services in Category IIA.28 Section 4(1)(a)(iv) / (b) of BN 10629 Section 4(2)(a)(vi) / (b) of BN 10630 Section 4(2)(a)(vii) / (b) of BN 106© INSETA - Section 1 12a 67