THE FINANCIAL SERVICES TRIBUNAL

CASE NO.: FSP15/2023

NJABULO NYEMBE                                                       APPLICANT

and

OLD MUTUAL LIFE ASSURANCE COMPANY

(SOUTH AFRICA) LIMITED                                            RESPONDENT

DECISION BY THE DEPUTY CHAIRPERSON

APPLICATION FOR RECONSIDERATION IN TERMS OF SECTION 230 OF THE FSR ACT 9 OF 2017

The debarment of the applicant is set aside summarily because it is common cause that the prescribed procedure set in sec 14 of the FAIS Act was not followed.

The matter is remitted to the Respondent for reconsideration in terms of sec 218(1) of the FSR Act.

LTC HARMS

Deputy Chairperson 18 April 2023