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 2020 and prepare this for submission to the FSCA. The FSCA has sent a FAIS Levy Letter (dated 15 July 2020) to Cat II, IIA and III FSPs requiring them to submit this information to the FSCA by no later than 14 August 2020.
This information can be posted, transmitted by fax to 012 – 422 2973 or sent via email to aum@fsca.co.za. FSPs that have not received this letter with the attached Declaration, should contact their Compliance Officer.
Annual Financial Statements Extension
FSPs with a financial year end of 28/29 February 2020 that were due to submit their Annual Financial Statements (AFS) to the FSCA by 30 June 2020 are reminded that the regulatory deadline for submission of AFS has been extended by 4 months as a result of the impact of COVID-19. These FSPs must therefore submit their AFS by 31 October 2020.
Click here to read more about the extension.