Regulatory Alerts2025-04-08
FSCA Communication 7 of 2025
The Financial Sector Conduct Authority (FSCA) has made recordings of three recent webinars available on its YouTube channel for registered Financial Services Providers (FSPs). The recordings cover Key Individual roles and responsibilities under the FAIS Act and Board Notice 194, governance and succession planning requirements, and the implications of licence lapsing and dormancy. FSPs can access these resources via provided links or direct inquiries to designated FSCA officials for further guidance.
1 FSCA COMMUNICATION 7 OF 2025 (FAIS) Access to recordings of webinars for Financial Services Providers
- PURPOSE The purpose of this Communication is to inform registered Financial Services Providers (FSPs) that recordings of recent webinars hosted by the Financial Sector Conduct Authority (FSCA) are available on the FSCA’s YouTube channel and to provide additional detail in this regard.
- BACKGROUND 2.1. The FSCA recorded three new webinars for FSPs during March 2025. 2.2. Recordings of all three webinars are now available for viewing on the FSCA’s YouTube channel at the links provided below.
- DETAILS OF THE WEBINARS 3.1. WEBINAR 1 Topic: Key Individual (KI) Roles and Responsibilities Contents: • Highlighting the roles and responsibilities of KIs • Requirements under the following: o Financial Advisory and Intermediary Services Act, No. 37 of 2002 (FAIS Act) o Board Notice 194 of 2017 (Determination of Fit and Proper Requirements for FSPs) (BN 194) Links: Click here to access the recording.
2 3.2. WEBINAR 2: Topic: Governance Contents: • Succession Planning • Removal of KIs • Governance • Requirements under the following: o FAIS Act o General Code of Conduct o BN 194 Links: Click here to access the recording. 3.3 WEBINAR 3: Topic: Lapsing of experience and dormancy of a licence Contents: • Outlining the factors that lead to the lapsing of experience • Implications of a dormant licence • Requirements under Section 16(1) of BN 194 Links: Click here to access the recording. 4. ENQUIRIES 4.1. For more information about this Communication and the above webinars, please contact: • Ms Mpho Mashashane-Masango: Mpho.Mashashane-masango@fsca.co.za • Ms Dimakatso Zililo: Dimakatso.Zililo@fsca.co.za • Mr Sidwell Francis: Sidwell.Francis@fsca.co.za 4.2 For any problems accessing the recordings, please contact Mr Akashen Rampersadh at Akashen.Rampersadh@fsca.co.za 4.3 This Communication is available on the FSCA’s website (www.fsca.co.za) at the following path: Home > Regulatory Frameworks > Industry Communication > FAIS > FSCA Communication. FARZANA BADAT
3 DEPUTY COMMISSIONER FINANCIAL SECTOR CONDUCT AUTHORITY Date of publication: 8 April 2025