The Financial Sector Conduct Authority (FSCA) recently hosted a series of financial soundness workshops for FSPs including a session explaining the launch of a financial soundness survey made available on the FSCA website.
The aim of the survey is to:
- Gauge FSPs’ understanding of the regulatory financial soundness requirements
- Help enhance the ability of FSPs to meet these requirements
- Gain an understanding of the impact of broader environmental risk factors on the sustainability of FSPs; and
- Assist the FSCA to better understand the impact of financial risks.
The survey is compulsory for all FSPs and consists of multiple-choice questions. The deadline to complete the survey is 22 November 2022.