FSTC Reporting for 2023/24
All entities operating in the financial sector are reminded to submit their B-BBEE compliance reports for the 2023/24 period to the Financial Sector Transformation Council (FSTC) by close of business on 31 March 2025. Click here to read more.
Liquidity Calculation Declaration – CAT II, IIA and III FSPs
Category II, IIA and III FSPs required to maintain liquid assets and whose financial year end was 28 February 2025, are required to submit Form A: Liquidity Calculation (Annexure six of BN 194 of 2017) to the FSCA by 14 April 2025 (i.e. 45 days after every half year-end of the FSP, based on the FSP’s financial year).
Annual Financial Statements with financial year end of 31 December 2024
FSPs whose financial year end was 31 December 2024 must ensure that their Annual Financial Statements are submitted to the FSCA by 30 April 2025. FSPs which are required to submit Annexure A (FAIS Notice 82 of 2015) together with their Annual Financial Statements, are reminded to do so.
It remains the responsibility of the FSP and Key Individual to ensure that these statements are submitted within the prescribed period. Failure to do so can result in the FSP’s licence being suspended and a penalty imposed.
If you are unable to submit your annual financial statements by the due date, you may request an extension. Requests for extensions must be submitted at least 15 days before the submission date to the FSCA.
CPD clock is ticking
FSPs, KIs and Reps are reminded that the deadline to comply with the required number of CPD hours is 31 May 2025. Masthead offers various accredited CPD activities. For more information, please get in touch with us or contact your Compliance Officer.