In November 2021, the Financial Sector Conduct Authority (FSCA) published Communication 19 of 2021 (the communication). The purpose of the communication was to inform FSPs of the change in the method of submission of the representative register to the FSCA. In terms of the communication, the submission of representative registers in Microsoft Excel format would no longer be accepted after 31 March 2022, as all FSPs were required to integrate their systems with the FSCA web service by no later than 31 March 2022.
However, the FSCA has received numerous requests to extend the 31 March 2022 timeline. In FSCA Communication 11 of 2022, the FSCA confirmed that an extension has been granted until 30 June 2022.
FSPs, therefore, have until 30 June 2022 to integrate their systems with the FSCA web service by using the SOAP API (simple object access protocol application programming interface) of the FSCA.
Read our previous article: New process for submission of Representative Register