FAIS ACT

Knowledge and understanding regarding the role and responsibilities of a key individual or a representative under the FAIS Act. Although the FAIS Act has been in operation since 2004, it was generally accepted that the level of knowledge, awareness and understanding of the responsibilities imposed by the FAIS Act on providers was lacking. This led to non-compliance with the provisions of the FAIS Act for example; providers did not furnish clients with the necessary information as required by the FAIS Act... Providers are further under the misconception that ensuring compliance with the legislation is the responsibility of the compliance officer. This is not the case - the key individual is responsible to ensure compliance with the FAIS Act and representatives also have specific responsibilities in respect thereof. The compliance officer is responsible for the monitoring of compliance only... RE Exams We offer FSB exam preparation workshops to help you write and pass your RE exams for..