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Experience

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 Investment schemes 1 year 1 year
1.15 Forex Investment Business 2 years 1 year
1.16 Health Service Benefits 2 years 2 years
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 investment scheme 2 years
2.12 Forex Investment Business 3 years
2.13 Long-term deposits 1 year
2.14 Short-term deposits 1 year
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