What is the overarching objective of the FAIS Act in relation to financial advice and intermediary services?

What is the overarching objective of the FAIS Act in relation to financial advice and intermediary services?

• A. To protect clients by regulating the provision of financial services, ensuring honesty, integrity, competence, disclosure, and fair dealing.
• B. To maximize the profitability of financial service providers.
• C. To regulate only the taxation of financial transactions.
• D. To establish a central regulatory authority for banks.

Answer: (A)