Annual Financial Statements (AFS)
All FSPs whose financial year end was on 31 December 2019 must ensure that their annual financial statements are submitted to the FSCA by 30 April 2020. FSPs which are required to submit Annexure A (FAIS Notice 82 of 2015) together with their Annual Financial Statements, are reminded to do so.
Liquidity Calculation Declaration
FSPs (CAT II, IIA, and III) required to maintain liquid assets and whose financial year end was 28 February 2020, are required to submit Form A: Liquidity Calculation (Annexure six of BN 194 of 2017) to the FSCA by 13 April 2020 (i.e. 45 days after financial year-end).
A juristic rep of either a CAT II, IIA, III, or IV FSP whose financial year end was 28 February 2020, must submit Form A: Liquidity Calculation (Annexure six of BN 194 of 2017) to its FSP by 13 April 2020.
CAT I FSPs that hold client assets and collect premiums and CAT IV FSPs, required to maintain liquid assets and whose financial year end was 28 February 2020, must submit Form A: Liquidity Calculation (Annexure six of BN 194 of 2017) simultaneously with their annual financial statements to the FSCA by 30 June 2020.
For more information on the exemption to this requirement, click here to read our previous publication.