Compliance officers and key individuals, please take note: the FSCA will only accept annual financial statements and other statutory returns submitted via its FAIS e-Portal.
Until last month, the Authority allowed authorised FSPs to submit their annual financial statements and other statutory returns by email; via hand delivery, or courier or postal services; or via the FAIS e-Portal on the FSCA’s website.
Effective 1 April, the Authority will only accept statements and returns uploaded using the e-Portal, the FSCA says in Communication 13 of 2024, which was published on 3 April.
The Authority will deem financial statements and other reports as outstanding until they are correctly captured and submitted on the FAIS e-Portal.
The reasons given for the decision are improved efficiencies, enhanced response times, and better tracking and monitoring of submissions. The uploading of statements and returns will also assist in eliminating the risk of delayed, overlooked, or lost documentation currently encountered with manual and email submissions, the communication says.
The e-Portal submission requirement applies to annual financial statements, section 19(3) audit reports, liquidity reports, and other statutory returns. It also applies to extension requests.
FSPs must ensure they have access to the e-Portal by ensuring that their KIs and compliance officers register on the e-Portal.
A User Guide is appended to Communication 13 setting out how to register on the e-Portal and submit the required documentation or request extensions.
For more information, please contact Mr Akashen Rampersadh at akashen.rampersadh@fsca.co.za
