EXTENSION OF EXEMPTION FOR PRIVATE EQUITY FSPs

The Financial Sector Conduct Authority (FSCA) has once again extended the exemption from the additional asset, working capital and liquidity requirements as contained in the Fit and Proper Requirements, 2017 for FSPs who render financial services to private equity funds only.  

The exemption has been extended to 30 June 2023. 

Take note that reliance on the exemption requires submission of the prescribed application form to the FSCA.  

To read the FAIS Notice 54 of 2021, click here

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