Sign In
41 Matroosberg Rd, Ashlea Gardens, Pretoria, 0002

Please refer to BN 106 Of 2008 part IV Table A-B, click here to view the BN

​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