Part 1 - Intro Provs

Question 1

What does Act refer to ?

Answer 1

Financial Advice and Intermediary Services Act 2002

Question 2

What is an advertisement?

Answer 2

any written, printed, electronic or oral communication (including a communication by means of a public radio service), which is directed to the general public, or any section thereof, or to any client on request, by any such person, which is intended merely to call attention to the marketing or promotion of financial services offered by such person, and which does not purport to provide detailed information regarding any such financial services

Question 3

Where there is inconsistency between FAIS & GCOC which prevails?

Answer 3

FAIS

Question 4

rendering of financial services by way of telephone, internet, media insert, direct mail, or electronic mail is the definition of

Answer 4

Direct marketing

Question 5

Define provider

Answer 5

Authorised fsp incl rep

Question 6

Transaction requirement is?

Answer 6

Any documents required for proposal of application for investment or product to provider

Question 7

Define writing?

Answer 7

Comms by telefax,or any appropriate electronic medium that is accurately & readily reducible into printed form