FAIS Act definition

FAIS Act means the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002);

FAIS Act means the Financial Advisory and Intermediary Services Act No. 37 of 2002, as amended;

FAIS Act means the Financial Advisory and Intermediary Services Act, 37 of 2002, as amended;

Examples of FAIS Act in a sentence

• Compliance Officer means Finalto SA’s compliance officer appointed under the FAIS Act.

• Velocity Trade Financial Services is an authorised financial services provider (FSP number 43295) in terms of Section 8 of the FAIS Act.

• No NCRCP 20; 3rd floor, 1 First Place, Simmonds Street, Bankcity, 2001; PO Box 1153, Johannesburg, 2000 ; Tel: 0860 11 22 44 /+27 11 369 1088 (international); E-mail: fnblife@fnb.co.zaThe Plan is provided under a contractual agreement between FirstRand Life and FNB (FNB and FSR Life are associates in terms of the FAIS Act.), accrediting FNB to distribute the Plan, and attend to certain administrative functions.

• This does not apply to key individuals under sec 8 of the FAIS Act.

• As submitted by the Authority, the scheme of the FAIS Act gives effect to a self-regulating model of regulation where in the absence of direct or front-line oversight by a regulator, theregulatory function is entrusted to a self-regulatory organisation, for instance, the appointmentof representatives by FSPs in terms of section 13 of the FAIS Act without the intervention of the Authority.

More Definitions of FAIS Act

FAIS Act means the Financial Advisory and Intermediary Services Act 37 of 2002 and all regulations promulgated in terms of this act;

FAIS Act means the Financial Advisory and Intermediary Services Act of 2002;

FAIS Act means Financial Advisory and Intermediary Services Act 37 of 2002.

FAIS Act means the Financial Advisory and Intermediary Services Act, 2002 (Act No.

FAIS Act means the Financial Advisory and Intermediary Services Xxx 0000;

FAIS Act means the Financial Services and Intermediary Act, 2002;

FAIS Act means the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002);"Fidelity Fund"means a Compensation Fund as contemplated in terms of Section 8(1)(h) of the Act, out of which shall be paid claims arising from the default of a member in accordance with the rules of the fund;“Financial Intelligence Centre Act”means the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001); "financial products" has the same meaning as that contained in section 1 of the FAIS Act, and by definition includes JSE authorised investments;"financial services provider"has the same meaning as that contained in section 1 of the FAIS Act;"foreign commodity derivatives"means those commodity securities which are cash settled derivative instruments and the financial terms of which are determined by an underlying foreign referenced commodity;"foreign exchange risk requirement"means the risk requirement of a member in relation to positions or client obligations which are exposed to changes in the value of foreign currencies relative to the Rand, determined by the JSE by directive;“forward transaction”means a transaction in bonds in which the counterparties to the transaction agree to settle the transaction on a settlement date which is more than three business days after the trade date;"futures contract"means a contract, the effect of which is that -(a) a person agrees to deliver the underlying instrument to or receive it from another person at an agreed price on a future date; or(b) a person will pay to or receive from another person an amount of money according to whether, on the future date, the price or value of the underlying instrument is higher or lower than the agreed price on that future date,in accordance with these rules and the contract specification of the futures contract and which is included in the list of IRC securities kept by the JSE in terms of the Act;“Guarantee Fund”means a Compensation Fund as contemplated in terms of Section8(1)(h) of the Act, out of which shall be paid claims arising from the default of a trading member in accordance with the rules of the fund;