|
Details of the submission of the compulsory annual compliance report to the FSB are contained in a circular dated 4 December 2009 sent to FSPs. The essence of the circular is shown hereunder. The full document can be downloaded here.
Section 17(4) of the FAIS Act requires that:
“A compliance officer or, in the absence of such officer, the authorised financial services provider concerned, must submit reports to the registrar in the manner and regarding the matters, as from time to time determined by the registrar by notice in the Gazette for different categories of compliance officers, after consultation with the Advisory Committee.”
The report must be submitted to the FSB on or before 28 February 2010. Please note that reports can only be submitted after the reporting date. The hard copy report is published on the website www.fsb.co.za . Click on the tab for FAIS and then on Compliance Reports.
The software program used for the 2005 to 2008 Compliance Reports for electronic submission is not available for use any longer due to problems being experienced with later versions of operating systems on compliance officers’ personal computers.
This could be quite a problem, and you are advised to follow the detailed instructions in the FSB’s newsletter while the website is not too busy.
Due to high volumes of reports being submitted at the end of each submission period, you are encouraged to attempt to submit the reports before the end of the submission period. Past experience has indicated that the electronic submission system becomes overloaded over the last three days before the submission period ends, and reports do not always import successfully.
Please note the no extensions for submission of compliance reports will be given.
Direct any queries to our call centre at 0800110443/ 0800202087.
Moonstone will be running its popular workshops in 16 centres this year via a satellite broadcast around the country on 10 February 2010. This should provide you with enough time to submit your report and sort out any queries that may be raised before the final deadline as guidance on registration and submission will be included in the workshop.
Please click here for full details of the workshops – venues, time, cost etc. As space will be limited you are advised not to delay registering. |
