Taxonomies
South Africa
Financial Advisory and Intermediary Services Act, 2002
General Exemption: Level 1 Regulatory Examination, 2013
Board Notice 119 of 2013
- Published in Government Gazette 36530 on 5 June 2013
- Commenced on 5 June 2013
- [This is the version of this document from 5 June 2013.]
1. Definitions
In this Schedule,“the Act” means the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002), any word or expression to which a meaning is assigned in the Act shall have that meaning, and unless the context otherwise indicates—“Category I” has the meaning assigned thereto in section 1 (1) of the Determination of Fit and Proper Requirements;“Determination of Fit and Proper Requirements” means the Determination of Fit and Proper Requirements for Financial Services Providers, 2008;“first level regulatory examination” means the first level regulatory examinations referred to in Annexure 1 to the Determination of Qualifying Criteria and Qualifications for Financial Services Providers, No. 1 of 2008;“foreign provider” means a provider that is not domiciled in South Africa or does not have a branch or representative office in South Africa;“friendly society benefits” has the meaning assigned thereto in section 1(1) of the Determination of Fit and Proper Requirements;“Long-term Insurance subcategory A” has the meaning assigned thereto in section 1(1) of the Determination of Fit and Proper Requirements;“provider” means—2. Extent of exemption and condition
Table A | ||
---|---|---|
Column One | Column Two | Column Three |
First level regulatory examination: FSPs (sole proprietors) and key individuals in Categories I, II, IIA, III and IV (RE1) | 30 June 2012 | 31 March 2013 |
First level regulatory examination: FSPs (sole proprietors) and key individuals in Categories II, and IIA (RE3) | 30 September 2012 | 31 March 2013 |
First level regulatory examination: FSPs (sole proprietors) and key individuals in Category III (RE4) | 30 September 2012 | 31 March 2013 |
First level regulatory examination: Sole Proprietors and Representatives in Categories I, II, IIA, III and IV excluding representatives for sub-categories 1.1 and 1.19 (RE5) | 30 June 2012 | 31 March 2013 |
Table B | |
---|---|
Column One | Colum Two |
First level regulatory examination: FSPs (sole proprietors) and key individuals in Categories I, II, IIA, III and IV (RE1) | 31 March 2013 |
First level regulatory examination: FSPs (sole proprietors) and key individuals in Categories II, and IIA (RE3) | 31 March 2013 |
First level regulatory examination: FSPs (sole proprietors) and key individuals in Category III (RE4) | 31 March 2013 |
First level regulatory examination: Sole Proprietors Representatives in Categories I, II, IIA, III and IV excluding representatives for sub-categories 1.1 and 1.19 (RE5) | 31 March 2013 |
3. Amendment and withdrawal of exemption and conditions
The exemption and conditions mentioned in paragraph 2 are subject to—4. Repeal of Board Notices
The following Board Notices are hereby repealed:5. Short title and commencement
This Exemption is called the General Exemption: Level 1 Regulatory Examination, 2013, and comes into operation on the date of publication in the Gazette.History of this document
05 June 2013 this version
Commenced
Cited documents 1
Legislation 1
1. | Financial Advisory and Intermediary Services Act, 2002 | 309 citations |