Johannesburg - The registrar of financial services providers, in terms of the Financial Advisory and Intermediary Services Act, intends to amend the general code of conduct of authorised financial services providers and representatives.
The purpose of the amendment is to prohibit a financial services provider (FSP) or representative from offering or receiving a sign-on bonus.
Accordingly, the Financial Services Board (FSB) issued an invitation for relevant roleplayers to comment on the proposed amendment.
Comments may be submitted in writing on or before September 16 2014 to Denise Wolfe-Botha at Denise.Wolfe-Botha@fsb.co.za or faxed to (012) 367 7230.