On 3 December 2018, the FSCA published FAIS Notice 86 of 2018: Exemption of Services under Supervision. The Notice exempts certain Financial Services Providers and Representatives from provisions of the Financial Advisory and Intermediary Services (FAIS) Act 37 of 2002 as set out in the Schedule. Masthead will unpack the Exemption of Services under Supervision Notice in further detail in early 2019.
Masthead submitted commentary to the FSCA on the proposed Exemption of Services under Supervision, 2018 Consultation Paper. To read the Regulatory response to public comments, click here
Click here to read FSCA FAIS Notice 86 of 2018.