Exemption of Services under supervision
The FSCA issued FAIS Notice 86 of 2018 on the 4th of December 2018, which sets out the exemption of services under supervision, to read the full Notice please click here.
In Part 1 we had a look at the following aspects of the FAIS Notice:
The extent of the exemption;
The effective date of the exemption; and
The first two conditions of the exemption.
For ease of reference please click here the read Part 1 of this discussion.
In Part 2 of this discussion we shall have a closer look at the remainder of the conditions namely:
Duties of FSP;
Duties of Supervisor;
Duties of the representative; and
Intensity of supervision
Please click here to read the full article of Part 2 of this discussion.