PS
Pelaelo S
1 reviews | Active since Apr 2012
26 Apr 2021, 23:30
FCSA A SHAM!
I believe the FSCA previously the FSB has allowed Private Organisations to direct their oversight role when it comes to debarment of Representatives. There is no set principle of hearing or allowing both sides to put forth their story. The recourse being the High Court which is an expensive exercise. Shame on the FCSA.
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Replies (3)
FSCA Pretoria's replyOfficial
07 May 2021, 12:06Hi there, please refer to Guidance Notice 1 of 2019 .This Notice outline the process to be followed and the recourse available to debarred person. A person who feels aggrieved by a debarment decision in terms of section 14 of the FAIS Act may, in terms of section 230 of the FSR Act, apply to the Tribunal for a reconsideration of the decision.
Best regards,
FSCA Pretoria's reply07 May 2021, 12:06
Official
Hi there, please refer to Guidance Notice 1 of 2019 .This Notice outline the process to be followed and the recourse available to debarred person. A person who feels aggrieved by a debarment decision in terms of section 14 of the FAIS Act may, in terms of section 230 of the FSR Act, apply to the Tribunal for a reconsideration of the decision.
Best regards,
PS
Pelaelo S's updateReviewer Update
07 May 2021, 13:34Your recommendation isn't accessible i.e Guidance 1 of 2019.
PS
Pelaelo S's update07 May 2021, 13:34
Reviewer Update
Your recommendation isn't accessible i.e Guidance 1 of 2019.
FSCA Pretoria's replyOfficial
07 May 2021, 14:14Apologies, please access and download here: https://www.fsca.co.za/Regulatory%20Frameworks/Guidance%20Notes/Guidance%20Notice%201%20of%202019%20(FAIS).pdf
Best regards,
FSCA Pretoria's reply07 May 2021, 14:14
Official
Apologies, please access and download here: https://www.fsca.co.za/Regulatory%20Frameworks/Guidance%20Notes/Guidance%20Notice%201%20of%202019%20(FAIS).pdf
Best regards,