Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)

Regulations

Financial Advisory And Intermediary Services Regulations, 2003

Chapter III : Prohibitions on Canvassing for, and Marketing or Advertising of Unauthorised Financial Services (Section 35(1)(b) of Act)

3. No person

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(1)No person—
(a)may in any manner or by any means, whether within or outside the Republic, canvass for, market or advertise any business related to the rendering of financial services by any person who is not an authorised financial services provider or a representative of such a provider;
(b)who is not an authorised financial services provider or a representative of such a provider, may in any manner or by any means -
(i)publish any advertisement, communication or announcement directed to clients; or
(ii)use any name, title or designation,

which implies that such person is an authorised financial services provider or a representative of such a provider.