CPD deadline for the 2019/2020 CPD Cycle
FSPs, Key Individuals and Representatives that did not meet the 31 May 2020 deadline, 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.
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.
Monitoring of Reps
Key Individuals are reminded to follow the FSP’s processes for monitoring of Representatives. Monitoring of Representatives (not under supervision) should be conducted at least on a quarterly basis, while monitoring of Supervised Representatives should be conducted at the required intervals.