Fit and Proper – FORWARD

FSCA Fit and Proper Requirements

Requirements to obtain authorisation from the Financial Sector Conduct Authority

Operational Abililty
Financial Soundness
Qualification
RE1
RE5
Experience per product sub category
CPD
Honesty and Integrity

Requirements to obtain authorisation from the Financial Sector Conduct Authority

Operational Abililty
Financial Soundness
Qualification
RE1
RE5
Experience per product sub category
CPD
Honesty and Integrity

Requirements to become a Representative

FSB approved Qualification
RE5
Experience per product sub category
CPD
Honesty and Integrity

Requirements to become a Key Individual

FSB approved Qualification
RE1
Experience per product sub category
Experience as a manager
CPD
Honesty and Integrity

Requirements to become a Sole Proprietor

FSB approved Qualification
RE5
Experience per product sub category
CPD
Honesty and Integrity

Supervision

Should the prospective representative not comply with the qualification and/or, experience and or RE5 requirements then this can be obtained under supervision with a contract designed to reach the requirements within the prescribed time limits.