Regulation 5

For the purposes of sections 9(1)(d) and 11(1)(a), the prescribed course that an individual must successfully complete for the individual to be registered as a registered corporate service provider or registered qualified individual, or to have the individual’s registration as a registered corporate service provider or registered qualified individual renewed, is the AML/CPF/CFT course.

An individual must not be registered as a registered corporate service provider or registered qualified individual, or have the individual’s registration as a registered corporate service provider or registered qualified individual renewed, if the individual has not successfully completed the AML/CPF/CFT course within a period of 6 months (or any other period determined by the Registrar) immediately before the date of the application for registration or the application for renewal of registration, as the case may be.

For the purposes of this regulation, an individual has not successfully completed the AML/CPF/CFT course unless, if required by the Registrar to do so, the individual has also passed the AML/CPF/CFT test.