EXTENSION OF CERTAIN EXEMPTIONS GRANTED UNDER THE FINANCIAL ADVISORY AND INTERMEDIARY SERVICES ACT, 2002 (FAIS)

Tuesday, April 01, 2014
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The Financial Services Board (FSB) has granted and published an extension to the Exemption of Banks in Respect of Certain Clients, 2004, as well as to each of the similar exemptions granted to specific individual entities (Exempted Entities) rendering non-discretionary financial services to certain institutional clients (collectively, the Exemptions). The Exemptions were initially set to expire on 1 March 2014 and have now been extended to 1 March 2015.

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