The FSCA recently published FAIS Notice 76 of 2024. The Notice amends the previous exemption applicable to crypto asset FSPs under FSCA FAIS Notice 25 of 2023 insofar as it relates to the regulatory examination (RE) requirements.
In terms of the previous exemption, crypto asset FSPs and their Key Individuals were granted a temporary exemption from the RE requirements for 18 months from 11 May 2023 which ended on 10 November 2024.
The new Notice has extended this deadline. Crypto asset FSPs and its key individuals now have until 30 June 2025 to meet the relevant RE requirements.