Becoming a financial service provider in South Africa means, in some ways, becoming part of one of the highest possible earnings brackets and creating a somewhat comfortable fallback for yourself financially.
However, the financial service industry in South Africa relies on the FAIS (Financial Advisory and Intermediary Services) Act, which states that "a person may not act or offer to act as a financial services provider unless such person has been issued with a licence”. As a result of the act, any individual wanting to become a registered Financial Advisor must apply for an FSP License, which is detailed in Section 8 of the FAIS Act.
For more information on how to apply, download the FAIS Act in PDF format. To learn more about how to effectively develop skills that will aid you in becoming a Financial Advisor, visit The Learn Cafe’s dedicated FAIS Training website to sign up and focus on preparing for the Level 1 FAIS Regulatory Exam, which is designed for Key Individuals and Representatives.
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