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FAIS clearly unclear!

By Janice Roberts at New Media
26 June 2017 • 1 min read

By Gary Moore, senior legal researcher at the Free Market Foundation.

A norm cannot be regarded as a “law” unless it is formulated with sufficient precision to enable the citizen to regulate his conduct. —European Court of Human Rights

The Financial Advisory and Intermediary Services Act (“Fais”) is unclear about which intermediary services require licensing. It violates the Rule of Law principle that laws must indicate with reasonable clarity what is. (more…)


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