Paragraph 7
(1)
The qualification must be restricted to persons who—
(a)
have completed a course of theoretical instruction in the subjects prescribed for the purposes of paragraph 8, or
(b)
have a sufficient period of professional experience.
(2)
The reference in sub-paragraph (1)(b) to “a sufficient period of professional experience” is to not less than seven years' experience in a professional capacity in the fields of finance, law and accountancy.