On 28 June 2018 the Financial Sector Conduct Authority published the following Compliance Reports:
- FAIS Notice 32 of 2018 – Compliance Report for Category I FSP with Compliance Officer
- FAIS Notice 33 of 2018 – Bi-Annual Compliance Report for Category II and IIA FSP
- FAIS Notice 34 of 2018 – Bi-Annual Compliance Report for Category III FSP
There was a delay in the publication of these reports because of the regulatory changes, in particular the new Fit and Proper Requirements. Questions relating to the Fit and Proper Requirements have been split into two parts with a general question relating to the ‘old’ Fit and Proper Requirements for the period until 31 March 2018 and some specific questions relating to the ‘new’ Fit and Proper Requirements for the period from 01 April 2018 until the reporting date.
For Category I FSPs with a Compliance Officer the reporting date is 31 May 2018 and the questions relating to the ‘new’ Fit and Proper Requirements will, therefore, only relate to April and May 2018.