FSB approves, declines, suspends financial advisers

Financial Services Board (FSB) deputy executive officer for Market Conduct and Consumer Education, Gerry Anderson says that steady progress is continuing to be maintained in the finalisation of applications received from Financial Services Providers (FSPs) for authorisation.

To date the FSB has finalised 16 332 (previously 16 217) applications.

In total, 1 312 of these applications have been declined (previously 1 273 as revised).

The details of the additional 39 applications that have been declined are as follows:

	FSP NO.	NAME
1	6939	Barclays Private Clients International Limited	Isle of Man, United Kingdom
2	9764	American Diversified Funds Inc.	Florida, United States of America
3	9797	Insight Investment Management (CI) Limited	Guernsey, United Kingdom
4	15692	AJ Buckley Asset Management Ltd	Surrey, United Kingdom
5	23801	Ram Kangaloo & Associates CC	Durban, Kwa Zulu Natal
6	24119	Maletabe Trading Enterprise and Brokers trading as Maletabe Brokers	Emdo Park, Polokwane, Limpopo
7	24142	A J F Crest Administrative Services (Pty) Ltd	Silverlakes, Pretoria, Gauteng
8	24879	Tobias Gerhardus de Buys Wiese trading as B & M Finansiele Dienste	Piketberg, Western Cape
9	25080	Hendrik Pretorius Rautenbach trading as Hein Rautebach Consultancy	Bethal, Mpumalanga
10	25358	Kgalas Agency CC	Kuruman, Northern Cape
11	25525	Moloteng Funeral Services & Catering Services CC	Mamelodi West, Pretoria, Gauteng
12	25932	Faiz Amanullah Versey	Gaborone, Botswana
13	26127	IB Car Traders CC trading as Car World	Port Elizabeth, Eastern Cape
14	26562	Meltim Finance CC	Johannesburg, Gauteng
15	26981	Nompumelelo Maud Mabaso	Clarendon, Kwa Zulu Natal
16	27130	4th Dimension Investment Consultants CC	Overport, Kwa Zulu Natal
17	27748	RMM Finance (Pty) Ltd	Johannesburg, Gauteng
18	28588	PSC Financial Services CC	Wellington, Western Cape
19	28671	John Jason Celliers	Varsfontein, Gauteng
20	28949	Marius Carlo Meijer	Houghton, Gauteng
21	29250	Mr T Brokers CC	Nelspruit, Mpumalanga
22	29704	Mag-Pela Funerals	Mitchells Plain, Western Cape
23	29705	Marou Handelaars 5100 BK trading as Teemane Funeral Supplies	Kimberley, Northern Cape
24	29788	MP Bloem Makelaars CC	Eramuskloof, Pretoria, Gauteng
25	23525	Kerford (Pty) Ltd	Sandton, Gauteng
26	23640	Pieter J Neethling Versekerings en Werknemers Voordele Makelaars (Edms) Bpk	Pretoria Gardens, Pretoria, Gauteng
27	25215	Alasdair Craig Wealth Management CC	Camps Bay, Western Cape
28	29395	Vinod Thupsi trading as KZN Broker Consultants	Pietermaritzburg, Kwa Zulu Natal
29	29697	Maalot Asset Management (Pty) Ltd	Sandton, Gauteng
30	29813	Maqhinga Johannes Zulu trading as Maqhinga Insurance	Evander, Mpumalanga
31	31600	Mariska Maria Swanepoel trading	Brackenfell, Western Cape
32	22658	Tanaka Capital (Pty) Ltd	Sandton, Gauteng
33	23553	Hermanus Noemdoe	Graafwater, Western Cape
34	24418	Ferazim Funeral Undertakers CC	Alberton, Gauteng
35	27250	Neo Quintin Shale trading as Rainbow	Bloemfontein, Free State
36	27683	All Nations Funeral Services CC	Mabopane, Gauteng
37	28102	S.F Lekoko's Brokerage and Consultancy CC	Mafikeng, North West
38	28228	Montagu Motors CC trading as Boland	Montagu, Western Cape
39	29901	Duze Logistics International CC	Jatniel, Gauteng
In addition, the following FSP licenses have been withdrawn bringing
the total number of withdrawals to 24 :
	FSP NO.	NAME
	15780	Spektrofin Administrators (Pty) Ltd	Lynnwood, Pretoria, Gauteng
	29509	Karin Daleen Cecchi t/a Karin Cecchi Makelaars	Rustenburg, North West Province
	911	Gertina Jacoba Claassen t/a Kosmos Konsultante & Versekerings Makelaars	Morelettapark, Pretoria, Gauteng
	15806	Rosspen Financial Services cc	Port Elizabeth, Eastern Cape
The following FSP licences have been provisionally suspended / suspended:
	FSP NO.	NAME
	23975	National Alliance of Preferred Provider Organisation Networks (Pty) Ltd t/a Nappo SA (provisionally suspended)	Lyme Park, Gauteng
	14263	Tradergate Limited	Hatfield, Pretoria, Gauteng
	10916	Honey Pot Investments 154 cc t/a Anesta Brokers	Wellington, Western Cape
	3466	Condor Insurance (Pty) Ltd	Richards Bay, Kwa Zulu Natal
	2378	Wendy Mortimer Investments cc	Pietermaritzburg, Kwa Zulu Natal

Anderson adds, "FSP's whose applications had been unsuccessful, withdrawn or suspended are entitled to appeal to the FSB Appeal Board, an independent tribunal, if the applicant is dissatisfied with the Registrar's decision".