Examples of FAIS in a sentence

FSP No. 3071 Physical and Postal Address 6th Floor, 0 Xxxxx Xxxxx, Xxxxxxxx Xxxxxx, Bank city, 2001 P O Box 1153, Johannesburg, 2000 Contact details for general enquiries Tel – 0000 00 00 00/ +00 00 000 0000 (International) Website – xxx.xxx.xx.xx Compliance officer Tel – 000 000 0000 Fax – 000 000 0000 Complaints Tel – 0000 00 00 00 Fax - (000) 000 0000 Email – xxxx@xxx.xx.xx ▪ FNB is approved as a FAIS Category I, II and III licensee.
The State Department’s use of PROMIS, beginning in the second half of the 1980s, to create a new generation, known as FAIS (Foreign Affairs Information System) of software used in U.S. Embassies to keep track of their classified communications with the U.S. Department of State.
The advice covered by the FAIS Act (RSA, 2002) must relate to a financial product, the definition of which is very comprehensive in the Act.
Consult compliance officer has been mandated by the MMI Group FAIS licence compliance officer and will be responsible for monitoring compliance with this policy and report thereon to the MMI Compliance Committee.
According to the FAIS Act (RSA, 2000) a representative is any person that renders a financial service to a client on behalf of a financial service provider, in terms of conditions of employment or any other mandatory agreement.There are two groups of people that carry on business in the field of financial services regulated by the FAIS Act (RSA, 2002).

More Definitions of FAIS

FAIS means the Financial Advisory and Intermediary Services Act No. 37 of 2002 which was designed to protect customers of financial services providers; regulate the selling and advice-giving activities of FSP (FSPs); ensure that the consumers are provided with adequate information about the financial product they use and the people and institutions who sell these financial products and establish a properly regulated financial services profession.

FAIS means the Financial Advisory and Intermediary Services Act (Act No. 37 of 2002); “FICA” means the Financial Intelligence Centre Act (Act No. 38 of 2001) and its regulations; “FMA” means the Financial Markets Act (Act No. 19 of 2012);