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 2019 and prepare this for submission to the FSCA by no later than 21 August 2019.
Update your Competence Register
FSPs are reminded that they must be able to report to the FSCA if asked to do so, on their Competence Registers. The Competence Register must keep a record of all qualifications, regulatory exams, class of business training, product specific training and CPD.
The Competence Register must be updated with all class of business and product specific training completed by the FSP, its Key Individuals and Representatives within 15 days after the training occurred and retain all information and documentation relating to the training for at least 5 years.
Keep track of your records with Masthead’s online Competence Register. Find out how.