Subject Title - INSETA

Chapter10Maintenance and management of the FSPlicensing conditionsThis chapter covers the following criteria:KNOWLEDGE CRITERIA:Explain the impact of licensing conditions on an FSP. (Task 10)Describe the implications for the FSP if the licensing conditions regarding products andservices are not met. (Task 10)Explain what licensing conditions regarding products and services must be met. (Task 10)Discuss the requirements around the display of licences. (Task 10)Explain what changes must be reported. (Task 10)Explain what the implication is for an FSP if a key individual leaves the employ of the FSP.(Task 10)Describe the conditions under which suspensions, withdrawals and reinstatements ofauthorisation may be imposed. (Task 10)Describe the conditions under which reinstatements of authorisation may be imposed.(Task 10).Explain what the implications are for a key individual and/or FSP if an accreditation issuspended or withdrawn or lapsed in terms of the Medical Schemes Act, 1998, or anyother enabling legislation such as the Banks or Insurance legislation. (Task 10)Explain what the offences are under FAIS. (Part of Task 13)Describe what actions will lead to the Registrar imposing civil remedies and penaltiesunder FAIS. (Task 10)Describe what civil remedies and penalties the Registrar may impose under FAIS. (Task10)Explain what levies are payable to the Registrar and when this should be paid. (Task 10)Explain the relationship between different industry players. (Task 10)Describe the interrelationships between FSPs in terms of co-responsibility.© INSETA - Section 1 12a 191