Please refer to BN 106 Of 2008 part IV Table A-B,
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TABLE A: CATEGORY I EXPERIENCE REQUIREMENTS FOR AN FSP AND REPRESENTATIVE
|
| Subcategory
| Advice:
Minimum Experience
| Service:
Minimum Experience
|
1.1
| Long-term Insurance subcategory A
| 6 months
| 2 months
|
1.2
| Short-term Insurance Personal Lines
| 1 year
| 6 months
|
1.3
| Long-term Insurance
|
1.3.1
| Subcategory B1
| 1 year
| 6 months
|
1.3.2
| Subcategory B2
| 1 year
| 6 months
|
1.4
| Long-term Insurance subcategory C
| 1 year
| 6 months
|
1.5
| Retail Pension Benefits
| 1 year
| 6 months
|
1.6
| Short-term Insurance Commercial Lines
| 1 year
| 6 months
|
1.7
| Pension Fund Benefits
| 1 year
| 6 months
|
1.8
| Securities and instruments: Shares
| 2 years
| 1 year
|
1.9
| Securities and Instruments: Money market instruments
| 2 years
| 1 year
|
1.10
| Securities and Instruments: Debentures and securitised debt
| 2 years
| 1 year
|
1.11
| Securities and Instruments: Warrants, certificates and other instruments acknowledging debt
| 2 years
| 1 year
|
1.12
| Securities and Instruments: Bonds
| 2 years
| 1 year
|
1.13
| Securities and Instruments: Derivative instruments excluding warrants
| 2 years
| 1 year
|
1.14
| Participatory Interests in one or more collective Investments schemes
| 1 year
| 1 year
|
1.15
| Forex Investment Business
| 2 years
| 1 year
|
1.16
| Health Service Benefits
| 2 years | 1 year
|
1.17
| Long-term Deposits | 6 months | 3 months
|
1.18
| Short-term Deposits | 6 months
| 3 months
|
1.19
| Friendly Society Benefits
| 6 months
| 2 months
|
TABLE B: CATEGORY II EXPERIENCE REQUIREMENTS FOR FSP AND REPRESENTATIVE
|
| Subcategory | Minimum Experience
|
2.1
| Long-term Insurance
|
2.1.1
| Subcategory B1 | 2 years
|
2.1.2
| Subcategory B2
| 2 years
|
2.2
| Long-term Insurance subcategory C | 2 years
|
2.3
| Retail Pension Benefits
| 2 years
|
2.4
| Pension Fund Benefits
| 2 years
|
2.5
| Securities and instruments: Shares
| 3 years
|
2.6
| Securities and Instruments: Money market instruments
| 3 years
|
2.7
| Securities and Instruments: Debentures and securitised debt
| 3 years
|
2.8
| Securities and Instruments: Warrants, certificates and other instruments acknowledging debt
| 3 years
|
2.9
| Securities and Instruments: Bonds
| 3 years
|
2.10
| Securities and Instruments: Derivative instruments excluding warrants
| 3 years
|
2.11
| Participatory Interests in one or more collective Investments schemes
| 2 years
|
2.12
| Forex Investment Business
| 3 years
|
2.13
| Long-term Deposits
| 1 year
|
2.14
| Short-term Deposits
| 1 year
|
