oa South African Family Practice - Finance : how the FAIS act protects you

Volume 47, Issue 7
  • ISSN : 2078-6190
  • E-ISSN: 2078-6204



Extracted from text ... HOW THE FAIS ACT PROTECTS YOU Standards of Financial Advice and the Code of Conduct The Financial Advisory and Intermediary Services (FAIS) Act became fully effective on Thursday, September 30, 2004 and for the first time, gives you protection against poor advice. The legislation, however, does not mean that people with ill-intent will not try to mislead you. You still have an obligation to protect yourself, and to ensure that the person or institution giving you advice or selling you a financial product is properly licensed and adheres to the requirements of the law. STANDARDS YOU SHOULD EXPECT FROM YOUR ..

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