Protection of Businesses Act, 1978
R 385
Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)RegulationsFinancial Advisory And Intermediary Services Regulations, 2003Chapter V : Matters relating to Administrative and Discretionary FSPs (Section 35(1)(d) and (e) of Act)8. Written agreement with independent nominee |
| (1) | The written agreement between the administrative FSP and its independent nominee must be approved by the registrar. |
| (2) | If the administrative FSP gives or receives notice of termination of the agreement for any reason, the FSP must at once inform the registrar thereof. |
| (3) | The administrative FSP must within 30 days after giving or receiving such notice apply to the registrar in the manner contemplated in section 3(2) of the Act, for approval of a replacement independent nominee. |
