FAIS COMPREHENSIVE CHECKS
At ClientSure, we understand the critical importance of trust and reliability in financial services. To ensure that our clients receive the highest level of assurance, we offer FAIS comprehensive checks. These checks are designed to verify the credentials and regulatory compliance of individuals involved in financial services. Confirm an individual's current status at FSCA, including if the candidate has been debarred, date of first appointment (DOFA) as a key individual or representative, and regulatory examinations passed.
Why We Offer FAIS Comprehensive Checks
Regulatory Compliance
The Financial Advisory and Intermediary Services (FAIS) Act sets stringent standards for individuals providing financial advice and intermediary services in South Africa. Compliance with FAIS is crucial for maintaining the integrity of financial services.
Risk Mitigation
Verifying the regulatory status of key individuals and representatives helps mitigate the risk of engaging with individuals who are not compliant with industry regulations, thereby protecting our clients from potential legal and financial repercussions.
Trust and Credibility
Providing our clients with assurance that the individuals handling their financial matters are properly qualified and compliant enhances our credibility and fosters trust.
01Current Status Confirmation at FSCA
Insurance Customer: This confirmation reassures clients that the individual is recognized and permitted by the regulatory authority.
02 Debarment Status
Client Assurance: Ensuring the individual has not been debarred protects clients from engaging with individuals who have been removed from the industry due to non-compliance or misconduct.
03 Date of First Appointment (DOFA)
Verification Process: We verify the DOFA to establish the length of time the individual has been active in the industry as a key individual or representative.
Client Assurance: This information helps clients gauge the experience and tenure of the individual in the financial services sector.
04 Regulatory Examinations Passed
Verification Process: We confirm the regulatory examinations the individual has passed.
Insurance Customer: Verifying the examinations passed ensures that the individual has met the necessary educational and competency requirements to provide financial services.
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