Educational Requirements

In considering the qualifications to be met by persons applying to be registered as dealer’s representatives, the FSC has established educational criteria to be satisfied by all applicants. These requirements were initially embodied in the Securities (Licensing and Registration) Regulations, 1996 which were approved by the Honourable Minister of Finance on the 15th May, 1996 and published in the Jamaica Gazette on the 20th May, 1996. However there have been subsequent amendments. In summary, all that must be submitted by persons applying for registration as a dealer’s representative are: certified copies of their passport, academic qualifications, marriage certificate, police report, two colour passport sized photographs (certified), confidential reports from two previous employers (within a five year period), name and full contact details of three character referees.  

Persons applying to be registered as a dealer’s representative must possess either: -

a)      A Bachelor's or higher degree in Economics, Accounting or business related subjects; or

b)      A professional qualification in Law or Accounting .

c)       A Diploma or Certificate in Economics, Accounting or business related subjects from a tertiary educational institution approved by the FSC.

In the case of sales representatives the qualifications to be met are set forth below:

a)      Associateship of the Chartered Insurance Institute (ACII) Qualification or equivalent.

b)      Certificate from the College of Insurance & Professional Studies in the class(es) of insurance business for which registration is being sought.