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, violate the Rule of Law....Read More

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 latter’s behalf to its clients[2]...Read More

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 types of “intermediary service”[4] for[5]...Read More

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 that a provider may not...Read More