La'Machri Financial Services CC @ the Business Hub

The Insurance industry has become a very regulatory environment with numerous legislation to comply with.  FAIS and FICA is some of the more know. 
A financial advisor needs to comply in order to maintain a license, renewed every year.  
A compliance officer conducts an audit every quater and submit a report to the FSB (Financial Services Board) annually.

RECORDS TO BE KEPT BY THE FSP (Financial Service Provider)

A.  Disclosure document (Letter of introduction to client) ;
B.  Appointment or client consent for information ;
C.  Client advice record and Needs analysis ;
D.  Information sheet with assets, liabilities (income and expenses) (Financial statements);
E.  Client confirmation letter after concluding business;
F.  Services level agreement between client and advisor ;
G.  FICA : Id copy, proof of residential address, bankdetails and income tax number (docs needed depends on type of entity : e.g. individual, business, partnership or trust);