Deadline for payment of Levies
FSPs are reminded that the FAIS Levy Invoices should have been received by the end of September, with payment due by 31 October 2020. If an FSP has not received their invoice, we suggest that they contact the FSCA to request that this be re-sent to them. Not having received an invoice is not a defence against failure to pay. Failure to pay levies timeously can result in licence suspension.
Annual Financial Statements
FSPs with a financial year-end of 28 February who had to submit their AFS by 30 June 2020 but relied on the 4-month extension granted by the FSCA, must submit their AFS by 31 October 2020. FSPs that are required to submit Annexure A (FAIS Notice 82 of 2015) together with their Annual Financial Statements are reminded to do so. To read more on the FSCA extensions regarding AFS, click here.
CPD Progress
FSPs, KIs and Reps are reminded that they should be on track with achieving the required number of hours which evidences their continuous professional development (CPD) in the industry. Your professional development should be in line with areas identified in your CPD Training Plan. Although the deadline to meet the minimum number of required CPD hours is 31 May 2021 it is advisable that steady progress is made towards achieving that minimum number of CPD hours.
Should you require more information on the various approved CPD activities that Masthead offers, please get in touch with us on info@masthead.co.za or contact your Masthead Compliance Officer.
