This communication is relevant to all FSPs with financial year end 28 February 2018
This serves as a reminder that your annual financial statements must be submitted to the FSCA by 30 June 2018.
Where no audit of your financial statements needs to be undertaken, all FSPs must submit Annexure A of FAIS Notice 82 of 2015 with their financial statements.
Annexure A is basically an application for exemption from audited statements and confirms that your FSP complies with the criteria for non-audited financial statements. Annexure A must be submitted each year with non-audited financial statements. Failure to submit Annexure A will result in your statements not being processed.
Note: Category 1 FSPs that collect premiums must also submit Annexure Six (Form A) with their financial statements – see attachment (SKonica). This is a requirement in terms of section 48(3) and (5) of the new Fit and Proper Requirements – Board Notice 194/2017.
For more information on completion and submitting of financial statements you can visit the FSCA website:
- Regulated Entities → Supervisory Information → then click on FAIS
- Click on Financial Statements and Audit Requirements
- Or click on this secure link: https://www.fsca.co.za/Regulated%20Entities/Pages/UI-FAIS-Financial-Statements-Audit-Requirements.aspx
Note: The Financial Sector Conduct Authority has indicated that they are currently experiencing challenges with their e-Portal as it is being upgraded. Members are advised to forward annual financial statements that are due to either Faisfins1@fsca.co.za or Faisfins2@fsca.co.za till further notice.
Click here for the FAIS Notice 82 of 2015. Please contact your accounting officer to assist with answering question 8 of the Annexure.
You are welcome to contact Joe Kotzé at firstname.lastname@example.org or 087 945 5381 if you need more information.