Authorised financial services providers (FSPs) must pay an annual levy to the Financial Sector Conduct Authority (FSCA) to cover the cost of the FSCA’s supervision and a levy for funding the Office of the FAIS Ombud.
The FSCA has published a draft Notice imposing levies on financial institutions for the levy year (1 April 2022 to 31 March 2023) for public comment. All interested parties may submit written comments on the draft Notice to FSCA.RFDStandards@fsca.co.za on/before 22 July 2022.