Category: Financial services
FAIS Act (37 of 2002) – Fit and proper requirements
Author: Gary Moore Date: 20 November 2017 The provisions of the Financial Advisory and Intermediary Services Act, 2002[1] which provide for the determining of “fit and proper requirements,” and for the granting of exemptions therefrom, …
Financial Services Laws General Amendment Act (45 of 2013)
Author: Gary Moore Date: 14 November 2017 The Financial Services Laws General Amendment Act, 2013[1] is an omnibus statute[2] which[3] amended certain statutes that regulate financial services, including[4] the— Pension Funds Act, 1956;[5] Long-term Insurance …
FAIS Act (37 of 2002) – Debarring representatives
Author: Gary Moore Date: 4 August 2017 The Financial Advisory and Intermediary Services Act, 2002[1] stipulates a person may not act as representative of a financial-services provider by rendering intermediary services or advice on the …
National Credit Act (34 of 2005)
Author: Gary Moore Date: 15 June 2017 The National Credit Act, 2005[1] is an Act to[2] promote a non-discriminatory marketplace for access to consumer credit, provide for general regulation of consumer credit, prohibit certain unfair …
FAIS Act (37 of 2002) – Intermediary service
Author: Gary Moore Date: 7 June 2017 The Financial Advisory and Intermediary Services Act, 2002[1] regulates the furnishing to clients of defined types of “advice”[2] about financial products.[3] It also regulates the rendering of defined …
Currency and Exchanges Act (9 of 1933)
Author: Gary Moore Date: 16 December 2016 The Exchange Control Regulations[1] were made under the Currency and Exchanges Act, 1933[2] as amended (most recently in 1996 on three occasions[3]). The Act enables the Governor-General[4] to …
FAIS Act (37 of 2002) – Undesirable business practices
Author: Gary Moore Date: 16 October 2016 The Financial Advisory and Intermediary Services Act, 2002[1] says the Registrar[2] may by notice declare a business practice undesirable for any or all authorised[3] financial service providers.[4] After …