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Our forex service's compliance statement

1st Contact Money (PTY) Limited T/A Sable Forex (registration number 2003/007417/107) is an authorised Financial Services Provider (FSP) in terms of Section 8 of the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002) or "FAIS".

Our regulators and authorisation

Our authorised FSP Licence number is 41900

1st Contact Money (PTY) Limited T/A Sable Forex is authorised to render intermediary services in respect of the financial product types, as listed below:

  • Securities and instruments: Derivative instruments excluding warrants

  • Long-term deposits

  • Short-term deposits

Our compliance undertaking

Sable International has appointed Compli-Serve (SA) (Pty) Ltd as its independent external compliance officer. Compli-Serve is a nationally represented independent provider of regulatory compliance management services and solutions to the financial services sector. Compli-Serve draws on international experience, developing services tailored for the domestic market. Their services are designed to meet the best practice compliance needs of today's financial services professionals, who operate in an ever-increasingly regulated environment. (Compli-Serve can be contacted on 0861 273 783/CSERVE.) The practice number for Compli-Serve with the Financial Services Board is CO 194.

What the FAIS Act does

The FAIS Act regulates financial service providers and the representatives of financial service providers selling a wide range of financial products. The FAIS Act gives you, the client, protection against poor advice.

In terms of the Act, any person or institution selling a financial product or giving you financial advice for a fee or commission must, in dealing with you, meet certain minimum requirements; behave honourably, professionally and with due diligence as well as provide you with appropriate advice. If they do not adhere to the FAIS Act, they will be subject to disciplinary procedures.

Know your adviser (KYA)

Before you do any business with us, we will provide you with essential information about ourselves. This information includes:

  • Full business and trade names

  • Licence registration number

  • All contact details - postal and physical addresses, telephone and cell phone numbers as well as internet and email addresses

  • Names and details of other people or branch offices to contact, if you require further information

  • Concise details of our legal and contractual status, including details about what financial services we are permitted to provide and which company or companies we represent

 

Contact our forex team

South Africa

Phone us: +27 (0) 21 657 2153

United Kingdom

South Africa

Regent Square
Doncaster Road
Kenilworth 7708
Cape Town
t: +27 (0) 21 657 2120

United Kingdom

Castlewood House
77/91 New Oxford Street
London
WC1A 1DG
t: +44 (0) 20 7759 7514

Australia

Suite 8.06
9 Yarra Street
South Yarra
Melbourne VIC 3141
t: +613 (0) 86 514 500

Hong Kong

Level 1102
The Lee Gardens
33 Hysan Avenue
Causeway Bay, Hong Kong
t: +852 3959 8681

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