Subject Title - INSETA

4. In order to meet the requirements for displaying a licence, the FSPmust:a) display copies of the licence in a prominent and durablemannerb) display copies of the licence in every head office onlyc) ensure that all business documentation, advertisements andother promotional material refers to the licenced) ensure that all business documentation, advertisements andother promotional material reflect the FSP licence number5. Section 13 imposes certain duties and responsibilities on FSPs:a) If a representative was debarred, he can never operate as arepresentative againb) FSPs must take reasonable steps to ensure thatrepresentatives comply with applicable Codes of Conduct andwith other applicable laws on conduct of businessc) Nobody may provide financial services to clients for or onbehalf of unauthorised FSPs who are not exempted from theFAIS Actd) only b) and c)6. The representative register must provide a record of all therepresentatives:a) of an FSP (and where applicable, key individuals of therepresentatives)b) of an FSP, but without personal informationc) provide a record of all the representatives and complianceofficers of an FSP7. If a representative is no longer fit and proper:a) he must be placed under supervision and left on the registerb) he must be left on the register but with a note that he is notfit and properc) he must be removed from the representative registerd) All the above112 © INSETA - Section 1 12a