FSPs should take note of the updated levies applicable for the 2026/2027 levy cycle and ensure that payment is made by 30 November 2026. The final 2026 levy amounts were gazetted by National Treasury on 14 August 2026, replacing Schedule 2 to the Financial Sector and Deposit Insurance Levies Act 11 of 2022. The amended Schedule reflects an increase of 3.2% from last year’s 2025 FSCA levy amounts, which is lower than the 4% increase initially proposed for 2026. There has been no change to the percentage used to calculate the Schedule 3 Tribunal levy or to the Schedule 5 FAIS Ombud levy amounts. However, because the Tribunal levy is calculated with reference to the FSCA levy, the rand amount payable may increase where an FSP’s FSCA levy has increased.
Levy calculations
The financial sector levy payable by an FSP is calculated as the sum of the following components:
- FSCA levy (Schedule 2)
- Statutory Ombud Schemes (FAIS Ombud levy – Schedule 5)
- Tribunal levy (Schedule 3)
- Ombud Council levy (Schedule 4)
The Tables below set out the levy amounts and calculation methods applicable to the different categories of FSPs under the relevant Schedules to the Act.
FSCA Levy
Statutory Ombud Schemes (FAIS Ombud Levy)
Tribunal Levy
Ombud Council Levy
Levy invoices and enquiries
The 2026/2027 FAIS annual levy invoices were issued on 30 October, with payment due by 30 November 2026. Levy invoices and account statements are sent to the email address recorded on the FSCA’s system.
FSPs that have not received their levy invoice should check that their contact details recorded with the FSCA are correct and contact the FSCA regarding the outstanding invoice.
All FAIS levy related enquiries must be sent to fscalevies@fsca.co.za. FSPs should include their FSP number in the email subject line to enable the FSCA’s system to appropriately route the enquiry.
(1)The average total number of key individuals plus average total number of representatives, calculated over the period 1 September of the preceding levy year to 31 August of the levy year.
(2)The total value of investments managed or administered on behalf of clients in terms of the authorisation as a financial services provider on 31 August of the levy year: Provided that Investments under management or administration held in foreign currency must be included at the exchange rate published in the press at that date.