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;

• Transitional arrangements;

• 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:

• Supervision agreement;

• 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.