The Financial Advisory and Intermediary Services (FAIS) Act has far reaching implications. It requires any person who provides investment advice or an intermediary service to register with the Financial Services Board.
FAIS Act
FAIS Update - Understanding the practicalities
The following can be obtained from the FSB website:
- FAIS Application form
- FAIS Registration procedures
- FAIS presentations
- FAIS contact details
- FAIS ombudsman
Preparation Guide for Level 1 Regulatory Examination (RE 1 and RE5)
FAIS Circular 1/2011: Circular on identifying which First Level Regulatory Examination to write.
Clarification of Certain Audit-Related Activities in Relation to the Financial Advisory Intermediary Services Act
Guide for auditors
Frequently asked questions - FAIS
FAIS Regulatory Examinations (1MB PDF)
Circular on Level 1 Regulatory Examinations: Language
SAICA Submission to FSB
For further information contact:
yusufd@saica.co.za or tshegofacor@saica.co.za.