The Financial Sector Conduct Authority (FSCA) has published the following Communication 24 of 2022: Financial soundness workshops and survey for Financial Services Providers (FSPs).

The FSCA will be hosting a series of financial soundness workshops for FSPs during September 2022. The workshops, as well as four Q&A sessions, will be hosted virtually on the MS Teams platform with the purpose of addressing, amongst others, the requirements for financial soundness as set out in Board Notice 194 of 2017 as well as the different types of financial statements and supporting documents needed to demonstrate such financial soundness.

To wrap up these workshops, the FSCA will also host a session to explain a financial soundness survey for FSPs that will be launched on the FSCA website from 1 October 2022 to 15 November 2022.

For more information on the details, dates, language options, and links to register for each workshop, please see section 3 of the FSCA Communication by clicking here.

For more information regarding the FSCA Communication, kindly contact Ms Charene Nortier at charene.nortier@fsca.co.za.