Subject Title - INSETA

the financial services business as reflected on the licence concerned, or carry onany financial services business under such a changed name, unless- (a) theprovider has fully complied with the provisions of any other law than the Actwhich regulates such change of business name if any); (b) the provider hasfully disclosed to the Registrar the details of such compliance with such otherlaw; (c) the Registrar is satisfied that such change of name is otherwise lawfuland has approved such change of name; and (d) the Registrar has issued to theprovider an appropriately amended licence under the provisions of Section8(5)(b)Q) of the Act.5. The financial services provider must at all times ensure that any financialproduct in respect of which the provider intends to render a financial service,qualifies as a financial product contemplated in the Act and is or will be lawfullyissued by the relevant product supplier by virtue of an authority, approval orright granted to such supplier under a law as contemplated in the definition of'product supplier' in Section 1 (1) of the Act."3. Applicable exemptions (if any):”10.1.3 Managing the licensing conditionsCondition 1 – Reporting changesIf there are certain changes, the FSP must have procedures in place toensure that the Registrar can be advised (of the change) within 15 days afterthe change – there are designated forms to be used for this purpose.The changes include: any change in the name of thebusiness any change in the trading name orany division of the business any change in the type of any change in the businessbusiness (conversion to a closecorporation, partnership, etc)contact details (address,telephone, fax and email) any change in the contact person any change in the financial yearend(address, telephone, fax andemail) any change in the bank details any change in nominee companyor independent custodian involved any change in the contact personresponsible for dealing with thepayment of fees, penalties andlevies any change in shareholders194 © INSETA - Section 1 12a