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Financial Advisory And Intermediary Services Act, 2002 (Act No. 37 of 2002)

Board Notices

Bi-Annual Compliance Report for Categories lll FSPs, 2013

Board Notice 108 of 2013


Board Notice 108

29 May 2013

GG 36499


Financial Services Board


In terms of section 17(4) of the Financial Advisory and Intermediary Services Act, 2002 ("the Act"), I, German Emmanuel Anderson, the Deputy Registrar for Financial Services Providers, hereby determine the manner in which compliance reports for Categories lll Financial Services Providers must be submitted, and the matters which the reports must have regard to.  This determination was made after consultation with the Advisory Committee on the Financial Services Providers.


(a) Written reports for the reporting periods, by completing the attached schedule, or by electronically completing the schedule on the web site of the Financial Services Board (, must be submitted one month after the reporting date.


(b) Answers must not be provided in columns that are shaded in grey in the schedule.


(c) In this Notice, unless the context indicates otherwise—
(i) any word or expression shall have the meaning that it was assigned in the Act;
(ii) "Code of Conduct"

means any Code published under section 15 of the Act;

(iii) "Code of Conduct for Administrative FSPs"

means the Code of Conduct for Administrative FSPs, 2003;

(iv) "Determination of Fit and Property Requirements"

means the Determination of Fit and Proper Requirements for Financial Services Providers, 2008;

(v) "FICA"

means the Financial Intelligence Centre Act, 2001;

(vi) "FSP", "financial services provider" or "provider"

means an authorised financial services provider, and includes, where applicable, any representative of the provider;

(vii) "General Code of Conduct" or "General Code"

means the Code of Conduct for Authorised Financial Services Providers and their Representatives, 2003;

(viii) "key individual"

means a key individual as defined in section 1(1) of the Act, including sole proprietors as defined in section 1(1) of the Fit and Proper Requirements, 2008;

(ix) "Regulations"

means the Financial Advisory and Intermediary Services Regulations, 2003;

(x) "reporting date"

means 30 June 2013 and 31 December 2013;

(xi) "reporting period"

means the period from the latter of—

(aa) the date of authorisation as financial services provider in terms of section 8 of the Act;
(bb) the first day of the month following the reporting period for the previous compliance report submitted; or
(cc) where a compliance officer is appointed, the date of appointment of the compliance officer of the FSP;

until the reporting date.


This Determination is called the Bi-Annual Compliance Report for Categories lll FSPs, 2013, and comes into operation on the date of publication thereof.



GE Anderson

Deputy Registrar of Financial Services Providers