Broad-Based Black Economic Empowerment Act, 2003
R 385
representative
means any person, including a person employed or mandated by such first-mentioned person, who renders a financial service to a client for or on behalf of a financial services provider, in terms of conditions of employment or any other mandate, but excludes a person rendering clerical, technical, administrative, legal, accounting or other service in a subsidiary or subordinate capacity, which service -
| a) | does not require judgment on the part of the latter person; or |
| b) | does not lead a client to any specific transaction in respect of a financial product in response to general enquiries ; |
