• Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)
  • Notice No. 1453 of 2002
  • Act
  • Introductory Provisions
    • 1. Definitions and application
    • 1A. Relationship between Act and Financial Sector Regulation Act
    • 1B. Regulatory instruments
  • Chapter I : Administration of Act 
    • 2. [Repealed] Registrar and deputy registrar of financial services providers
    • 3. General provisions concerning registrar
    • 4. Special provisions concerning powers of registrar
    • 5. [Repealed] Advisory Committee on Financial Services Providers 
    • 6. Delegations
    • 6A. Fit and proper requirements
  • Chapter II : Authorisation of Financial Services Providers
    • 7. Authorisation of financial services providers
    • 8. Application for authorisation
    • 8A. Compliance with fit and proper requirements after authorisation
    • 9. Suspension and withdrawal of authorisation
    • 10. (Repealed) Withdrawal of authorisation
    • 11. Lapsing of licence
    • 12. Exemptions in respect of product suppliers
  • Chapter III : Representatives of authorised Financial Services Providers
    • 13. Qualifications of representatives and duties of authorised financial services providers
    • 14. Debarment of representatives
    • 14A. [Repealed] Debarment by registrar
  • Chapter IV : Codes of Conduct
    • 15. Publication of codes of conduct
    • 16. Principles of code of conduct
  • Chapter V : Duties of authorised Financial Services Providers
    • 17. Compliance officers and compliance arrangements
    • 18. Maintenance of records
    • 19. Accounting and audit requirements
  • Chapter VI : Enforcement
    • Part 1 : Ombud for financial services providers
      • 20. Office of Ombud for Financial Services Providers
      • 20A. Ombud scheme
      • 21. Appointment of Ombud and deputy ombuds
      • 22. Funding of Office
      • 23. Accountability
      • 24. General administrative powers of Ombud
      • 25. Disestablishment and liquidation of Office
      • 26. Powers of Board
      • 27. Receipt of complaints, prescription, jurisdiction and investigation
      • 28. Determinations by Ombud
      • 29. Record-keeping
      • 30. Report of Ombud
      • 31. Penalties
      • 32. [Repealed] Promotion of client education by registrar
    • Part 2 : Other enforcement measures
      • 33. [Repealed] Civil remedies
      • 34. Undesirable practices
      • 35. Regulations
      • 36. Offences and penalties
      • 37. Consideration of quantum of fines and penalties [REPEALED]
      • 38. Voluntary sequestration, winding-up and closure
      • 38A. Business rescue
      • 38B. Application by registrar for sequestration or liquidation
      • 38C. Directives
      • 39. Right to consideration of decision
  • Chapter VII : Miscellaneous
    • 40. Saving of rights
    • 41. Fees and penalties
    • 42. [Repealed] Exchange of information
    • 43. [Repealed] Limitation of liability
    • 44. Exemptions by registrar and Minister
    • 45. Exemptions, and amendment or repeal of laws
    • 46. Commencement and short title
  • Schedule
    • Schedule 1 : Laws Amended Or Repealed
• Regulations
  • Financial Advisory And Intermediary Services Regulations, 2003
    • Notice No. 879 of 2003
    • Chapter I : Definitions
      • 1. Definitions
    • Chapter II : Matters required or permitted by Act to be Prescribed (Section 35(1)(a) of Act)
      • 2. Period contemplated in section 45(2)(b) of Act
    • Chapter III : Prohibitions on Canvassing for, and Marketing or Advertising of Unauthorised Financial Services (Section 35(1)(b) of Act)
      • 3. No person
    • Chapter IV : Compliance Arrangements (Section 35(1)(C) of Act)
      • 4. Application for approval
      • 5. Establishment of compliance function
    • Chapter V : Matters relating to Administrative and Discretionary FSPs (Section 35(1)(d) and (e) of Act)
      • 6. Nominee companies of discretionary FSPs
      • 7. Independent nominees of administrative FSPs
      • 8. Written agreement with independent nominee
      • 9. Requirements for independent nominee
      • 10. Duties of independent nominee
      • 11. Enforcing court orders
      • 12. Construction of certain references
    • Chapter VI : Matters relating to Foreign Forex Services Providers and Clearing Firms
      • 13. Definitions
      • 14. Approval of foreign entities
      • 15. Requirements
      • 16. Granting or refusal of approval
      • 17. Interpretation
    • Chapter VII : Miscellaneous
      • 18. Penalties
      • 19. Powers of registrar to call for information
      • 20. Short title
• Notices
  • [Repealed] Determination of Fees Payable to the Registrar of Financial Services Providers, 2016
    • Notice No. 1586 of 2016
    • Schedule
  • Determination of Fees Payable to the Registrar of Financial Services Providers, 2017
    • Notice No. 89 of 2018
    • Schedule
• Declarations
  • Declaration of a Crypto Asset as a Financial Product under the Financial Advisory and Intermediary Services Act
    • General Notice No. 1350 of 2022
• Board Notices
  • Qualifications and Experience of Compliance Officers in respect of Financial Services Business, 2002
    • Board Notice 83 of 2003
    • 1. Definitions
    • 2. Qualifications and experience of compliance officers
    • 3. Short title and commencement
  • Specific Code of Conduct for Authorised Financial Services Providers and Representatives conducting Short-term Deposit Business, 2004
    • Board Notice 102 of 2004
    • Part l : Introductory Provisions
      • 1. Definitions
      • 2. Application of Act
      • 3. Construction
      • 4. Application of Code
    • Part ll : General Duties of Providers
      • 5. Unsolicited contacting of client
      • 6. General duties of provider
      • 7. Other information and explanations
      • 8. Account operations
    • Part lll : Confidentiality and Privacy
      • 9. Confidentiality and Privacy
    • Part IV : Advertising
      • 10. Advertising
    • Part V : Complaint Resolution
      • 11. General
      • 12. Basic principles of systems and procedures
      • 13. Resolution of complaints
      • 14. Specific obligations
    • Part VI : Miscellaneous
      • 15. Waiver of rights
      • 16. Short title and commencement
  • Exemption in respect of Services under Supervision in terms of Requirements and Conditions, 2008
    • Board Notice 104 of 2008
    • 1. Definitions
    • 2. Objectives of exemption
    • 3. Extent of exemption
    • 4. Requirements and conditions
    • 5. Amendment or withdrawal
    • 6. Miscellaneous
    • 7. Short title and commencement
  • Application by Financial Services Providers for Authorisation by The Financial Services Board, 2009
    • Board Notice 60 of 2009
  • Requirements for Professional Indemnity and Fidelity Insurance Cover for Providers, 2009
    • Board Notice 123 of 2009
    • 1. Interpretation
    • 2. Application
    • 3. Categories I, II, IIA, III and IV providers
    • 4. Time of licensing
    • 5. Amendments and adjustments
    • 6. Construction of Notice
    • 7. Repeal
    • 8. Short title and commencement
  • Exemption of Banks, 2009
    • Board Notice 172 of 2009
    • 1. Definitions
    • 2. Extent of exemption and conditions
    • 3. Amendment of exemption
    • 4. Short title and commencement
  • Exemption in respect of Services under Supervision  by Compliance Officers, 2010
    • Board Notice 126 of 2010
    • 1. Definitions
    • 2. Objectives of exemption
    • 3. Extent of exemption
    • 4. Requirements and conditions
    • 5. Amendment or withdrawal
    • 5A. Transitional arrangements
    • 6. Short title and commencement
  • Amendment of Exemptions No. 2, 2011
    • Board Notice 176 of 2011
  • General Exemption : Level 1 Regulatory Examination, 2011
    • Board Notice 199 of 2011
    • 1. Definitions
    • 2. Extent of exemption and condition
    • 3. Amendment and withdrawal of exemption and conditions
    • 4. Short title and commencement
  • Amendment of the Qualifications, Experience and Criteria for Approval as Compliance Officer, 2022
    • Board Notice 127 of 2010
    • Part I
      • 1. Definitions
    • Part II
      • 2. Application for approval as compliance officer
    • Part III
      • 3. Criteria for Phase I approval
    • Part IV
      • 4. Criteria for Phase II approval
    • Part V
      • 5. Compliance with CPO requirements after approval
      • 6. Recognition and qualifying criteria of compliance qualifications
    • Part VI
      • 7. Criteria for recognition of a specific and generic compliance qualification
    • Part VII
      • 8. Delegation of rendering of compliance services
      • 9. Withdrawal and lapsing of approval
      • 10. Transitional provisions
      • 11. Repeals
      • 12. Updating
      • 13. Short title and commencement
    • Annexures
      • Annexure 1 : Qualifying Criteria
      • Annexure 2 : Qualifications recognised for Compliance Officers
      • Annexure 3 : Appropriate Subject List
  • Bi-Annual Compliance Report for Categories lll FSPs, 2013
    • Board Notice 108 of 2013
    • Schedule
      • Declaration signed by Compliance Ofrficer(s) submitting Compliance Report
  • Amendment of the Determination of Fit and Proper Requirements, 2020
    • Board Notice 194 of 2017
    • Chapter 1 : Interpretation, Purpose and Application of Determination
      • 1. Definitions
      • 2. Purpose of Determination
      • 3. Categories of FSPs
      • 4. Fit and proper requirements
      • 5. On-going compliance with fit and proper requirements
      • 6. Specific requirement for FSPs and representatives rendering financial services in respect of the financial product: Health Service Benefit
    • Chapter 2 : Honesty, Integrity and Good Standing
      • 7. Application of Chapter
      • 8. Honesty, integrity and good standing
      • 9. Incidents without indicating when persons are not honest, or lack integrity or good standing
      • 10. Disclosure of information relating to honesty, integrity and good standing
    • Chapter 3 : Competence Requirements
      • Part 1 : Application and General Requirements
        • 11. Application of Part
        • 12. General competence requirements
        • 13. Responsibilities of an FSP
      • Part 2 : Minimum experience
        • 14. Application of Part
        • 15. General experience requirement
        • 16. Lapsing of experience
        • Minimum experience requirements per Category of FSPs 
          • 17. Category I FSPs
          • 18. Category II FSPs
          • 19. Category IIA FSPs
          • 20. Category III FSPs
          • 21. Category IV FSPs
      • Part 3 : Minimum qualifications
        • 22. Application of Part
        • 23. General requirement
        • 24. Recognition of qualifications
      • Part 4 : Regulatory examinations
        • 25. Application of Part
        • 26. Regulatory examination requirements
        • 27. Setting and taking of regulatory examinations
      • Part 5 : Class of business Training and Product Specific Training
        • 28. Application of Part
        • 29. Class of business training and product specific training
        • 30. Record keeping and reporting requirements
    • Chapter 4 : Continuous Professional Development
      • 31. Application of Chapter
      • 32. General requirements
      • 33. Minimum CPD hours
      • 34. Reduction of CPD hours
    • Chapter 5 : Operational Ability
      • 35. Application of Chapter
      • 36. General requirements
      • 37. Governance requirements
      • 38. Additional requirements applicable to FSPs that provide automated advice 
      • 39. Outsourcing of functions to a person other than a representative of the FSP
      • 40. Appointment of representatives
      • 41. Representatives
      • 42. Key individuals
    • Chapter 6 : Financial Soundness
      • Part 1 : Application and General Requirements
        • 43. Application of Chapter
        • 44. General requirements
      • Part 2 : Requirements for specific Category I FSPs and their juristic representatives
        • 45. Application of Part and Requirement
      • Part 3 : Requirements applicable to specific Categories of FSPs and juristic representatives
        • 46. Application of Part
        • 47. Definitions
        • 48. Specific requirements
        • 49. Early warning requirements
        • 50. Multiple Category FSPs
    • Chapter 7 : Miscellaneous: Repeal of previous Board Notices on fit and proper requirements, savings, and transitional provisions
      • 51. Repeals
      • 52. Transitional provisions
      • 53. Short title and commencement
    • Annexures
      • Annexure One : Minimum Experience
        • Table 1: Experience requirements for and in relation to Category I FSPs
        • Table 2: Experience requirements for and in relation to Category II FSPs
      • Annexure Two : Appropriate Subject List
      • Annexure Three : Tier 1 and Tier 2 Financial Products
      • Annexure Four : Classes of Business
      • Annexure Five : Regulatory Examinations
        • Table 1: Regulatory Examination: FSPs and Key Individuals in all Categories of FSPs
        • Table 2: Regulatory Examination: FSPs and Key Individuals in Categories II and IIA
        • Table 3: Regulatory Examination: FSPs and Key Individuals in Category III
        • Table 4: Regulatory Examination: Representatives in all Categories of FSPs
      • Annexure Six : Form A - Liquidity calculation
  • Notice on the Form of Licence, 2018
    • Board Notice 89 of 2018
    • Schedule
• Codes of Conduct
  • Notice on Codes of Conduct for Administrative and Discretionary FSP's, 2003
    • Board Notice 79 of 2003
    • Chapter I : Code of conduct for Administrative FSP's
      • Part I : Introductory provisions
        • 1. Object and application of Code
        • 2. Definitions
      • Part II : Operational requirements
        • 3. Prohibitions and duties
        • 4. General functions
        • 5. Dealing with clients
        • 6. Termination of relationship with client
        • 7. Record-keeping
        • 8. Insurance
        • 9. Independent nominees
        • 10. Reporting to clients
      • Part III : Transitional provision and short title
        • 11. Transitional provision and short title
    • Chapter II : Code of conduct for discretionary FSP's
      • Part I : Introductory provisions
        • 1. Object and application of Code
        • 2. Definitions
      • Part II : Operational requirements
        • 3. Prohibitions
        • 4. Duties of discretionary FSP
        • 5. Mandates
        • 6. Reporting to clients
        • 7. Insurance
        • 8. Nominee companies
      • Part III : Duties of hedge fund FSPs, transitional provision and short title
        • 8A. Duties of hedge fund FSPs 
        • 9. Transitional provision and short title
  • Amendment of the General Code of Conduct for Authorised FSPs and Representatives, 2020
    • Board Notice 80 of 2003
    • Part I : Introductory provisions
    • Part II : General provisions
    • Part III : Information on product suppliers
    • Part IV : Information on providers
    • Part V : Contacting of client
    • Part VI : Information about financial service
    • Part VII : Furnishing of advice
    • Part VIII : Custody of financial products and funds
    • Part IX : Risk Management
    • Part X : Advertising and direct marketing
    • Part XI : Complaints Management
    • Part XII : Termination of agreement or business
    • Part Xlll : Waiver of rights
    • Part XIV : Short title and commencement
  • Code of Conduct for Authorised Financial Services Providers, and their Representatives, involved in Forex Investment Business, 2004
    • Board Notice 39 of 2004
    • Part I : Introductory Provisions
      • 1. Definitions and application
    • Part II : General Prohibitions and Duties applying to Forex Investment Intermediaries 
      • 2. Prohibitions
      • 3. General duties of a forex investment intermediary
      • 4. Ceasing of business
    • Part III : Special Provisions applying to Forex Investment Intermediaries
      • 5. Mandate from client
      • 6. Reporting to clients
      • 7. Insurance
    • Part IV : Special Provisions applying to Forex Investment Advisors
      • 8. General functions
      • 9. Arrangements between forex investment advisors and clients and cost disclosure
      • 10. Records of advice
    • Part V : Miscellaneous, Title and Commencement
      • 11. Additional applicability of General Code
      • 12. Title and commencement
• Rules
  • Proceedings of the Office of the Ombud for Financial Services Providers Amendment Rules, 2004
    • Board Notice 81 of 2003
    • 1. Definitions and application
    • 2. Fundamental principles
    • 3. Category of persons qualifying as complainants
    • 4. Type of complaint justiciable by Ombud
    • 5. Rights of complainants in connection with complaints
    • 6. Rights and duties of respondent
    • 7. Summary dismissal of complaints
    • 8. Time limits
    • 9. Case fees, costs and interest
    • 10. Liaison between Ombud and Registrar
    • 11. Administrative and procedural matters
    • 12. Appeals
    • 13. Short title