Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)

Board Notices

Purchase

A provider—

(a)	may not disclose private information on a client to any other person, except—

(i)	under compulsion of law;

(ii)	where it would be in the public interest;

(iii)

where the interests of the provider require disclosure; or

(iv)	where disclosure is made at the client’s request or with the client’s written consent;

(b)	must inform a client of recording of telephonic conversations with the client (if any), and of the reasons therefore; and

(c)	must keep documents relating to transactions with clients for a period of not less than five years from the date the transaction is concluded.