FSB takes regulation to the people
The Financial Services Board will be in Soweto in October as part of its effort to take its regulatory functions to the public.
Aptly themed, ‘Taking Regulation to the People’, the event will take place over two days,
-- Wednesday, 14 October and Saturday, 17 October – at Uncle Tom’s Community Centre, next to the Hector Peterson Memorial, in Soweto.
‘Taking Regulation to the People’ entails FSB staff members going into communities to afford consumers and potential consumers of financial products and services access to the services of the regulator.
Consumers and service providers will be able to enquire about various financial issues that affect them. More specifically, FSB staff will be on hand to:
assist consumers with:
assist financial services providers with:
- Applying for unclaimed retirement fund benefits and retirement fund surplus apportionments;
- Lodging of financial complaints against financial services providers; and
- Checking if the financial services providers they are dealing or intend to deal with are registered with the FSB.
- Enquiring about various compliance issues e.g. underwriting;
- Appling for a FSP licencing; and
- Lodging complaints against product suppliers or other FSPs.
The FSB’s Consumer Education Department will also be available to provide information on long-term and short-term insurance, collective investment schemes and various other financial products and services.
It is envisaged that the project will be rolled out to other communities in future.
Details for the event are as follows:
Dates: 14 and 17 October 2015
Time: 09:00 – 16:00
Venue: Uncle Tom’s Community Centre,
8288 Maseko St,
For more information about the event call Elliot Modisa on: 012 422 2838.
Financial Services Board
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