Salt Asset Management (SAM) is no longer permitted to render any financial services to any financial customers and on behalf of any financial product provider after the Financial Sector Conduct Authority (FSCA) withdrew its operating licence.
The watchdog confirmed in a statement on Friday that its withdrawal of SAM’s licence – in terms of section 9(4)(a)(ii) of the Financial Advisory and Intermediary Services Act, No. 37 of 2002 (FAIS Act) – came into effect on 15 September 2023.
Source: Moneyweb
