Category II, IIA & III FSPs required to report Assets under Management
Category II, IIA and III FSPs must calculate their assets under management (AUM) as at 30 June 2022 and prepare this for submission to the FSCA. The FSCA usually sends a letter to the FSP together with the Declaration which must be completed. The deadline is usually 31 July 2022 but if an extension is granted by the FSCA, this will be stated in the letter. FSPs are reminded to keep a look out for this communication from the FSCA.
Ensure contact details are updated
FSPs are reminded to check that all their information and contact details on the FSCA’s website is up-to-date and correct. Levies due by FSPs will be calculated based on the information available to the FSCA as at 31 August 2022. Where such information or contact details require updating, FSPs should notify the FSCA or make changes on the FAIS ePortal before 31 August 2022.