FAIS FIT AND PROPER

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COFI, FAIS AND THE NEW COMPLIANCE REALITY: WHAT FINANCIAL SERVICE FIRMS MUST PUT IN PLACE

South Africa’s regulatory landscape for financial services is changing. The proposed Conduct of Financial Institutions (COFI) framework reframes how firms are authorised and supervised: where the FAIS regime authorised financial services providers based primarily on the products they sold (insurance, investment products, long‑term savings, etc.), COFI shifts the focus to the activities firms perform, giving […]
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FAIS FIT AND PROPER: WHAT IT MEANS FOR EMPLOYEES & EMPLOYERS IN A CAREER IN FINANCIAL SERVICES

In the fast-paced world of financial services, trust and professionalism are everything. As a financial adviser or representative, your reputation hinges on your competence, honesty, and ongoing commitment to learning. This is where the FAIS (Financial Advisory and Intermediary Services) Fit and Proper requirements come into play, setting the standard for all professionals in the […]
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Jenny Reid

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