CPD clock is ticking
FSPs, KIs and Reps are reminded that the deadline to comply with the required number of CPD hours is 31 May 2023. Masthead offers various accredited CPD activities and offers a CPD package. For more information, please get in touch with Masthead on info@masthead.co.za or contact your Compliance Officer.
Planning for the new CPD cycle
The new CPD cycle starts on 1 June 2023 and will end on 31 May 2024. FSPs, KIs, and Reps are required to prepare a CPD Training Plan. The CPD training plan must ensure that the type and combination of CPD activities undertaken are relevant and contribute to the knowledge, skills and ethical standards of the FSP, its KIs and Reps. The CPD training plan must also address any identified needs or gaps, while ensuring that the required CPD hours are obtained timeously.
Masthead offers an Online CPD Package to assist with attaining CPD hours on various different topics. Click here to find out more.
FICA Risk and Compliance Return
A reminder that the following accountable institutions must comply with Directive 6 of 2023 by submitting a FICA Risk and Compliance Return by 31 May 2023:
- Item 1 – Legal Practitioners
- Item 2 – Trust and Company Service Providers
- Item 3 – Estate Agents
- Item 9 – Gambling sector
Annual Financial Statements
A reminder to all FSPs whose financial year end was 28 February 2023 to ensure that their annual financial statements are submitted to the FSCA by 30 June 2023. FSPs which are required to submit Annexure A (FAIS Notice 82 of 2015) together with their Annual Financial Statements, are reminded to do so.
It remains the responsibility of the FSP and Kl to ensure that these statements are submitted within the prescribed period. Failure to do so can result in the FSP’s license being suspended and a penalty imposed.
If you are unable to submit your annual financial statements by the due date, you may request an extension. Requests for extensions must be submitted at least 15 days before the submission date to the FSCA.