Subject Title - INSETA

Key individual/FSP Ensure that the relevant andapplicable supervisionagreement/s are in placeand signed by the employeeand employer or thesupervisor and supervisee.Supervisorterms of therequirements of theGeneral Code. Ensure that the FSP/keyindividual takes thenecessary action toprotect the client whereit is found that thesupervisee's actionsmay not have been inthe interest of theclient. Have documentedevidence, together withthe supervisee, of themethod and frequencyof the supervision forthe period of servicesunder supervision.Supervisee(representative)two (2) years ofappointment asrepresentative. Must complete RE 2 andthe relevantqualification (for theapplicable category orsubcategory within six(6) years from the dateof appointment.Summary of specific supervisory requirements for Categories II, IIA and III(in addition to the above)The supervisor must also ensure the following: (remember key individualsare responsible for managing and overseeing, to ensure that supervisorscomply with the requirements)In Category II and IIA - when a supervisor signs-off on transactionsregarding intermediary services, the supervisor must check that therepresentative carries out instructions accurately and in line with therelevant mandate and/or consensus decision.Review and approve discretionary financial services provided byrepresentatives (Categories II and IIA), in writing before atransaction is concluded or executed.Approve a transaction before it is finalised if the representativerenders a discretionary financial service in respect of allrepresentatives acting under supervision of Category III OR if itcannot be approved before conclusion, it must be approved within areasonable time thereafter.Ensure that all actions by the representatives in Categories II andIIA, adhere to the mandate and/or morning meeting decisions.Conduct sample checks on a weekly basis to ensure that thesupervisee did not deviate from the relevant mandate and/orinvestment team meetings.© INSETA - Section 1 12a 91