Unit Standard No.12164Page 109
TASK SHEET 3.8
As is noted from excerpts from the Act as well as subordinate legislation above, provision is made for instances under which the licence of an FSP may be suspended or withdrawn and when a debarred representative may be reinstated, depending on a variety of criteria.
Analytically evaluate the excerpts provided and quoted from the Act and do the following, under these headings:
Suspension of licence
Summarise the gist of this section in your group.
Withdrawal of licence
What are the grounds for withdrawing a licence from a Financial Services Provider?
INSMAT final materials31/10/03