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NATIONAL ASSEMBLY QUESTION FOR WRITTEN REPLY …

NATIONAL ASSEMBLY . QUESTION FOR WRITTEN REPLY . QUESTION NUMBER: 2504 [NW2918E]. DATE OF PUBLICATION: 11 NOVEMBER 2016. 2504. Mr N L Kwankwa (UDM) to ask the Minister of Finance: (1) Whether the staff of the NATIONAL Treasury and the SA Reserve Bank are involved in the management of the Financial Services Board (FSB); if not, what is the position in this regard; if so, what are the reasons for their involvement;. (2) what is the total number of persons who have valid Financial Service Providers' (FSP) licenses who have been driven out of the insurance industry by the FSB since 2004;. (3) (a) what is the total number of persons who (i) have had their licences declined, revoked or retracted and (ii) voluntary gave up their FSP licences and (b) of these persons, what is the total number of black, coloured and Indian persons.

The FSB ensures compliance with the legislation administered by it, which is aimed primarily at protecting the investments, savings and retirement funds of the public and

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