The Financial Sector Conduct Authority (the Authority) published the Consultation Paper: Exemption of Services under Supervision on 31 July 2018 for comments.
The purpose of the Consultation Paper relates to the Fit and Proper Requirements of a representative acting under supervision and the Authority’s proposed –
(a) withdrawal of the Notice on the Exemption of Services under Supervision in terms of Requirements and Conditions, 2008 (“2008 Exemption”); and
(b) replacement of the 2008 Exemption with the exemption set out in Annexure A to the Consultation Paper.
Interested parties are invited to submit written submissions to FAIS.Consultation@fsca.co.za before 31 August 2018.
To read the Consultation Paper, click here.