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

Qualifications, Experience And Criteria For Approval As Compliance Officer

Part  VII

10. Transitional provisions

 

 

1) Compliance officers approved by the Registrar before or on the date of commencement of this Notice-
a) do not have to comply with paragraph 3(1)(a);
b) who do not meet a requirement of paragraph 3(1)(b) and (e), have three years (ending 31 December of the third year) to comply with the requirement from the date of publication of this Notice in the Gazette.

 

2) A compliance practice approved by the Registrar before or on date of commencement of this Notice who do not comply with paragraph 2(2) have nine months to comply with· the requirements from the date of publication of this Notice in the Gazette.

 

3) Compliance officers approved by the Registrar after commencement of this Notice until 31 December 2011 have two years (ending 31 December of the second year) to comply with paragraph 3(1)(b).

 

4) Must within three months from the commencement of this Notice comply with any other provisions thereof.