Keeping track of what must be done to remain compliant is key to remaining in business as an FSP. In 2024, we saw the FSCA take action against FSPs where regulatory deadlines were not complied with. Non-compliance with regulatory deadlines is a contravention of the FAIS Act and can lead to the FSCA imposing penalties on the FSP, or it could lead to the FSP’s licence being suspended and ultimately withdrawn by the FSCA.
Below we look at some key dates and offer general reminders to help FSPs plan for the compliance requirements of 2025. We suggest that you set these dates in your year planner.
Download a printable version here.
Here are some other important general reminders.
Should you require assistance with any of the policies, implementation, or training, please contact your Masthead Compliance Officer or Masthead regional office closest to you.