RE 5 Topic 3 Quiz 2

A general business practice is causing disputes between the financial services providers of a specific sector. This has come to the attention of the commissioner. What is the commissioner’s rights in this regard in terms of the Financial Intelligence Centre Act?

In the notice of intent to declare a practise as undesirable, the Authority must invite which role players or persons to make written representations?

The Authority may also direct an FSP who does not comply with the undesirable practice notice to rectify or reinstate to the satisfaction of the Authority any loss or damage which was caused by the carrying on of the business practice concerned. The FSP must comply with this direction within-

The Authority must, where a directive is issued to ensure the protection of the public in general publish the directive. Where can this publication be found?

When may the Authority in the interest of the clients of the FSP and the general public apply to the court for the liquidation of an FSP even if the FSP is solvent?