FSB REGULATORY SERVICES

We advise authorised financial service providers and Intermediaries registered with the Financial Services Board of South Africa (FSB) with regard to complaints lodged with the FSB or with the FAIS Ombud by members of the public.

The FSB administers the following Acts:

  • Collective Investment Schemes Control Act (Act 45 of 2002)
  • Credit Rating Services 24 of 2012
  • Financial Services Board Act (Act 97 of 1990)
  • Financial Advisory and Intermediaries Services Act (FAIS Act) (Act 37 of 2002)
  • Financial Intelligence Centre Act 38 of 2001
  • Financial Institutions (Protection of Funds) Act (Act 28 of 2001)
  • Financial Markets Act 19 of 2012
  • Financial Supervision of the Road Accident Fund Act (Act 8 of 1993)
  • Friendly Societies Act (Act 25 of 1956)
  • Inspection of Financial Institutions Act (Act 80 of 1998)
  • Long-term Insurance Act (Act 52 of 1998)
  • Pension Funds Act, 24 (Act 24 of 1956)
  • Short-term Insurance Act (Act 53 of 1998)
  • Supervision of the Financial Institutions Rationalisation Act (Act 32 of 1996)
  • Financial Services Ombud Schemes Act (Act 37 of 2004)

We provide advice on complaints lodged by members of the public, on decisions made by decision makers in terms of the various Acts, prepare and submit representations to the Ombud for Financial Services Providers. We also prepare and lodge applications for leave to appeal decisions of the FAIS Ombud and prepare, lodge and argue appeals at the Appeal Board established in terms of the Financial Services Board Act.