REGULATORY EXAMINATION PREPARATION WORKSHOPS

With reference to the FAIS Act 37 of 2002 and Board Notice 194 of 217

A person may not:

• Carry on business by rendering financial services clients for or on behalf of any person who – is not authorised as a service provider; and is not exempted from the application of the FAIS Act relating to the rendering of a financial service
• Act as a representative of an authorised financial services provider, unless such person – prior to rendering a financial service, provides confirmation, certified by the provider, to clients and meets the fit and proper requirements
• Act as a Key Individual of an authorised financial services provider, unless such person – prior to managing and overseeing all the activities within the FSP meets the fit and proper requirements including approval from the FSCA