Financial Advisory and Intermediary Services (FAIS)

This module provides an introduction to the Financial Advisory and Intermediary Services (FAIS) Act and its role in regulating financial services in South Africa. Learners will explore the purpose of the Act, understand who it applies to, and examine how it helps protect consumers by promoting fair treatment, transparency, and professional conduct within the financial services industry. The module also highlights the importance of compliance and ethical responsibility in building trust and accountability.

This module provides an overview of FAIS licensing requirements within the South African financial services industry. Learners will explore the different licensing categories, identify who is required to hold a licence, and understand the “fit and proper” requirements that ensure financial service providers operate ethically and competently. Through practical South African workplace scenarios, learners will apply these principles to strengthen compliance awareness and professional responsibility.