Industry Specific Checks

Lexis RefCheck has checks that cater specifically to the Financial Services and Retail Industry. These checks are driven by legislation, and assist in making sure that you employ the right person for the job.

Fit and Proper Check

The “Debarred Listing” search. FSB manages the process of debarring intermediaries that do not conduct themselves in a fit and proper manner.

FAIS Comprehensive Check

The FAIS Comprehensive search provides the date of first appointment (DOFA), debarred status as well as qualifications, experience and regulatory exams achieved by a financial representative

Consumer Goods Council

Access accurate work histories of individuals working in the retail industry

Professional Association Membership

Verify local and Global professional association membership as provided by the candidate.

Fit and Proper Check

The Fit and Proper check verifies a person’s name surname and ID number against the FSB debarment register.

A representative of a financial service provider who no longer meets the fit and proper requirements must be debarred by an FSP and may no longer work in a financial service provide role.

The FSB has maintained its debarment database since 1 November 2008

FAIS Comprehensive Check

Struggling to understand FAIS compliance within your organisation? Lexis RefCheck has recently launched our new and improved FAIS Comprehensive Check, allowing you to draw conclusions on a candidate's current FAIS compliance status with the Financial Services Board.

The FAIS Comprehensive check provides the following information on your candidate:

  • Current Status at FSB including if the candidate has been debarred
  • Date of First Appointment (DOFA) as a key individual or representative
  • Key Individual Status
  • Examinations Passed (Regulatory Examinations)
  • Qualifications (Tertiary)
  • Currently Tied FSP
  • Previously Tied FSP
  • Associated Products
    • Product type and category
    • First date of advice
    • Intermediary date
    • Working under supervision Y/N with dates

The FAIS Comprehensive check is a real-time search and is date and time stamped for all your future auditing correspondence with the Financial Services Board.

Consumer Goods Council

It is common for candidate employees to omit portions of their work history, in an attempt to disguise those episodes that ended dishonourably. This lack of information results in employment decisions that are based on part-truths. After extensive research, which included Senior Counsel's opinion, the Consumer Goods Council have developed a central register of employment records, in order for participating employers to access accurate work histories (within the FMCG Industry only) of candidates. They currently have in excess of over 148 000 names on this database.

Lexis RefCheck provides a quick an easy search that allows you to screen for your candidates previous work history as registered on the CGC database.

Professional Association Membership

LexisNexis verifies both South African and Global Professional Association Membership such as SAICA.