We are excited to inform all our valued clients that we have qualified to use the 2018 FAIS COMPLIANCE SEAL!
This seal proves that we have been evaluated on the regulatory requirements set out by the FSCA, and that we have achieved an excellent standard of compliance. This provides all our clients with the peace of mind that Origin Financial Holdings (Pty) Ltd is a high-quality financial business, that strives for perfection on a daily basis.
We are already looking forward to receiving the 2019 FAIS COMPLIANCE SEAL, as accreditation is re-evaluated every year and we are ready to maintain our high standards of compliance once again!
The qualifying criteria that were used includes:
- Category I licences: all 3 compliance audits must have been completed, a minimum score of 85% must have been achieved for each audit.
- Category II licences: all 10 visits must have been completed, a minimum score of 85% must have been achieved for each audit.
- Remedial actions attended to throughout the period.
- No irregularity report issued against the FSP.
- Complete compliance with regards to the advice process.
- Info gathering: must be evident in every client file that was sampled from Aug 2017 – May 2018.
- Needs analysis: must be evident in every client file that was sampled from Aug 2017 – May 2018.
- Record of Advice: must be evident in every client file that was sampled from Aug 2017 – May 2018.
What benefits does this provide to our clients and the financial industry?
Our clients can rest assured knowing that they are dealing with qualified, compliant advisors. By complying with the regulatory requirements, the profile of financial advisors in the industry is being raised and this demonstrates that financial advisors are complying with legislation and are taking their roles and responsibilities seriously.
