Every financial services provider (FSP) must comply with the provisions of FAIS as stipulated by the Financial Services Board(FSB). National Compliance assists Financial Services Providers in keeping FAIS compliance, not as a once off but rather on an ongoing basis.

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FAIS FSP FSB … what does it all mean?

Posted June 16th, 2009 by Webmaster

Here is quick explanation of terms used in the financial services arena:

FAIS - Financial Advisory and Intermediary Services Act, 2002

This Act pertains to services rendered in certain financial advisory and intermediary services to clients. In effect defining roles, responsibilities and requirements needed to operate in the financial services sector.

How do I become FAIS Compliant? Contact us, we can help you on your way.

FSP -Financial Server Provider

A FSP is a company, organisation or individual that provides any services or financial product to clients.

How do I register as a FSP: Contact us, we can help you on your way.

FSB -Financial Services Board

The Financial Services Board is a unique independent institution established by statute to oversee the South African Non-Banking Financial Services Industry in the public interest.

Need to register with the FSB? Contact us, we can assist you with your FSB application.

How do I contact the FSB?

You can find their details by visit their website at http://www.fsb.co.za

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