Exemption date Extended

FAIS Notice 36 of 2014, which was published in May last year, exempted FSPs and representatives from complying with the following requirement in the FAIS Act:

“A person may not render financial services or contract in respect of financial services other than in the name of the financial services provider of which such person is a representative.”

The exemption was scheduled to end on 28 February 2015.

This date has now been postponed to 30 June 2015 via FAIS Notice 87 of 2014, published on 15 December.

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