In addition to conditions stated in Article (1-5) and taking into account what is stipulated in Article (1-6) of this Module, if the person is only licensed to practice the activity of Investment Advisor and the activity of Valuation of Assets or one of those two activities and not other Securities Activities, they shall comply with the following conditions: 1. All the employees of the Licensed Person who undertake major duties related to the activities of Investment Advisor or the activities of Valuation of Assets shall have both qualifications and experience to conduct those activities in accordance with Appendix 3 of this Module. 2. Where relevant, there shall not be less than four employees who are Representatives in respect of one or both of the activities of the Investment Advisor Activity and the Valuation of Assets Activity. 3. To have at least one senior investment advisor who meets the following minimum conditions: a. To have obtained a masters degree or a PhD in the economic, administrative or financial domains or one of the authorized professional certificates to perform the duties of the Investment Advisor in accordance with Appendix 3 of this Module. b. To have a minimum of five years’ experience in the field of investment consultation or financial analysis or in a similar professional field as referenced in the activities of the Investment Advisor as stated in Appendix 3 of this Module.