FSCA LEVY DECLARATIONS 2018/2019

The Financial Sector Conduct Authority (FSCA) imposes levies on the institutions it supervises, to cover the costs of supervision. These levies are calculated and payable annually by 31 October.

For all authorised Category II (discretionary financial services providers) and Category IIA (hedge fund managers), the levies are based on the market value of the investments under discretionary management.

Please note that the deadline for submission to the FSCA is 31 July 2018. Investments under management held in foreign currency must be calculated in your AUM at the exchange rate published in the press as at 30 June 2018. The figure must reflect the market value of the investments (including cash) managed in terms of the FAIS Act.

 

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