FSB is 'Taking Regulation to the People'

October will see the Financial Service Board (FSB) taking to Soweto as part of an initiative dubbed ‘Taking Regulation to the People’. This will serve to introduce its regulatory functions to the public, reported the FSB.

The event is set to take place from Wednesday 14 October to Saturday 17 October, at Uncle Tom’s Community Centre.

The aim of the initiative is to afford consumers making use of financial services and products access to the services of the FSB.

‘’Consumers and [financial] service providers (FSPs) will be able to enquire about various financial issues that affect them,” reported the FSB.

The Board’s Consumer Education Department will also be present and will provide consumers with information on long and short term insurance, collective investment schemes and other financial services and products.
 
The FSB will further be on hand to assist consumers with applying for unclaimed retirement fund benefits and retirement fund surplus distributions, lodging of financial complaints against FSP’s and checking if the FSP’s are registered with the FSB.

They will also be assisting FSP’s with enquiring about various compliance issues, applying for FSP licensing and lodging complaints against product suppliers or other FSP’s.

 “It is envisaged that the project will be rolled out to other communities in future,” stated the FSB.