Basic Conditions of Employment Act, 1997
R 385
Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)Codes of ConductNotice on Codes of Conduct for Administrative and Discretionary FSP's, 2003Chapter II : Code of Conduct for Discretionary FSP’s, 2003Part II : Operational requirements3. Prohibitions |
| 3.1 | A discretionary FSP may not directly or indirectly without the relevant client’s prior written approval— |
| (a) | sell to or provide a third party with a client’s details, unless obliged by, or in terms of, any law; |
| (b) | exercise a vote in a ballot conducted by a unit trust management company; |
| (c) | exercise voting rights on behalf of clients to gain control of a listed or unlisted company, except where such voting rights are exercised to protect the interests of clients on whose behalf the financial products involved are held as investments or on the instructions of such clients; |
| 3.2 | A discretionary FSP may not directly or indirectly engage in the netting of transactions. |
| 3.3 | A discretionary FSP may not directly or indirectly— |
| (a) | sell any financial products owned by the discretionary FSP to any client; |
| (b) | buy for own account any financial products owned by any client. |
