Financial Services Providers (‘FSPs”) must pay an annual levy each year to the Registrar in terms of section … of the Financial Services Board Act, 1990 to fund the FAIS Division and the FAIS Ombud. The levy is calculated on an annual basis and is based on a basic amount as well as the number of key individuals and representatives in the FSP. In the case of discretionary and administrative FSPs this calculation also includes the amount of funds under management or administration.
Notices regarding levies:
FSPs are reminded that, in terms of the licensing conditions (on the Annexure to licence certificate), it is their responsibility to update the representatives register within 15 days of any changes thereof and ensure that they receive confirmation from the Registrar that the update has been affected.
An invoice will be posted to financial services providers with the payment details
Any enquiries relating to FAIS levies or FAIS Ombud levies must be sent to the FSB’s Finance Department to the following e-mail address: email@example.com