FSCA announces proposed levy increase for 2025/26
The increase is below the 6% CPI-related increase permitted by the Levies Act.
The increase is below the 6% CPI-related increase permitted by the Levies Act.
Key achievements include the creation of the National Financial Ombud Scheme and the new FAIS Ombud Rules.
The FSCA will increase the fees it charges for various supervisory activities by 6% from tomorrow, 1 October.
FSPs will have to budget for an additional R32 per key individual or representative in the 2025/26 financial year.
The Pension Funds Adjudicator is looking to implement a 4.7% increase in its levy, raising the cost to retirement funds by 49c per eligible member.
Entities supervised by the FSCA are in for an increase of 6%.