All FSPs are required to report to the Financial Sector Conduct Authority (Authority) in the manner and regarding the matters  which are determined by the Authority. Category II and IIA financial services providers (FSPs) are required to submit Bi-Annual Compliance Reports to the Authority two (2) months after the reporting dates which are 30 June and 31 December. The Bi-Annual Compliance Reports for Category II and IIA FSPs for the period 1 July – 31 December 2018  must, therefore, be submitted to the Authority by 28 February 2019.
Where an FSP is authorised for more than one licence category, only one report needs to be submitted for the highest category for which the FSP is licensed.
The Assets Under Management (AUM) for Discretionary and Hedge Fund FSPs at 31 December 2018 must also be included in the report.
Although the Compliance Officer will prepare the report and ensure that it is timeously submitted to the Authority, there is still a duty on the FSP to ensure the reports are submitted.
Click here to read FSCA FAIS Notice 33 of 2018 which includes the schedule of the Bi-Annual Compliance report.