FAILURE TO SUBMIT PROFILE CHANGES TIMEOUSLY WILL LEAD TO IRREGULARITY REPORTS
As part of its service offering, ICS notifies the FSB of any profile changes (changes to the profile of the FAIS licences of FSPs) on behalf of its FSP clients.
This is an important reminder to kindly notify ICS timeously of any profile changes, so that we can obtain the necessary documents/completed forms before notifying the FSB within the required 15-day period.
Please note that ICS is obliged to submit irregularity reports to the FSB if we become aware of a breach of the 15-day period or if ICS is not being made aware of profile changes.
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