FAIS (2010)
In February 2010 the Society applied for, and in May 2010 had its AMASSA and its FASSA qualifications included in the FAIS list of recognised qualifications as "Generic". More details appear in the following document, as well as in the two letters from the FSB on the successful outcome of the applications.
Report on FAIS applications by the Society (2010-07-23) 30kb
FAIS notice of successful application for AMASSA 51kb
FAIS notice of successful application for FASSA 51kb
FAIS (2003)
In 2003 the AS Council decided not to apply for exemption for actuaries from registration for certain activities under the Financial Advisory and Intermediary Services ("FAIS") Act. The attached document, for which Council is grateful to Jeremy Andrew, sets out the position of actuaries in terms of the Act.
FAIS 114kb