Subject Title - INSETA

Disclose compliance with other applicable laws to the Registrar.If the Registrar is satisfied that the change of name is lawful and hasapproved the change of name, the Registrar will be issued an amendedlicence.Only when the amended licence is issued may the FSP continue/start withproviding financial service under that name.Condition 5 – Only deal with authorised FSPsThis condition requires that the FSP must have internal controls andprocedures in place to ensure that any financial product regarding which theFSP wants to render a financial service, qualifies as a financial product asrequired by the Act and is lawfully issued by the relevant product supplier.Only financial products of product suppliers whose products are authorised byan authority, or by approval or rights granted under an appropriate law (forinstance the Insurance Acts) may be sold by FSPs.10.2 SUSPENSION, WITHDRAWAL AND REINSTATEMENT OFAUTHORISATIONThe Registrar may suspend or withdraw a FAIS licence, subject to certainconditions. The licence may also be reinstated, subject to certain conditions.Suspension or withdrawal of a licence 12910.2.1 Reasons for suspension or withdrawalThe Registrar may suspend or withdraw any licence if the Registrar issatisfied on the basis of available facts and information that the licensee: 130no longer meets the requirements of Section 8 of the Actdidn't disclose all required information upon applying for a licence orsubmitted false or misleading informationfailed to comply with any provision/s of the FAIS Act129130Section 9(2) of the FAIS ActSection 9(2) of the Act196 © INSETA - Section 1 12a