CPD extended deadline looming
FSPs, Key Individuals and Representatives that did not meet the 31 May 2020 CPD deadline for the 2019/2020 CPD cycle, have until 31 August 2020 to obtain the required number of CPD hours that are relevant and appropriate for their role and the functions which they perform.
Click here to read FSCA FAIS Notice 22 of 2020.
Update your Competence Register
FSPs must ensure that their Competence Register is updated with CPD activities within 30 days after the expiry of each CPD cycle. Those FSPs that relied on the extended CPD deadline of 31 August 2020 must update their Competence Register by 30 September 2020.
Annual Financial Statements
FSPs with a financial year-end of 31 December who had to submit their AFS by 30 April 2020 but relied on the 4-month extension granted by the FSCA, must submit their AFS by 31 August 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.
Ensure contact details are updated on FAIS ePortal
FSPs are reminded to check that all their information and contact details on the FSCA’s website are up-to-date and correct. Levies due by FSPs will be calculated based on the information available to the FSCA as at 31 August 2020. Where such information or contact details require updating, FSPs should notify the FSCA or make changes on the FAIS ePortal before 31 August 2020.
Assets under Management
Category II, IIA and III FSPs are reminded that the deadline to have submitted their AUM was 14 August 2020. This information can be posted, transmitted by fax to (012) 422 2973 or sent via email to aum@fsca.co.za.
Click here to read our previous Reminder.