Answers to your questions above.

1. Yes
2. The focus is on South Africa
3. No.
The FIA has from time-to-time discussions with relevant departments of the Resbank regarding abuses in the FX investment industry.
4. See www.forex.org.za
5. As an industry association the FIA is an important link in the regulatory chain in South Africa and currently the only mouthpiece for role-players in the industry in South Africa.

As recognized representative body ito the FAIS Act the FIA will in future perform all functions of a Rec. body.
It is envisaged that these functions will be extended to further industry supervisory roles.
At this stage includes assitance with applications to be authorised as FSP in South Africa.