Regulatory Alerts2020-07-08
FSCA Communication 40 of 2020 (FM) Impact of COVID-19 on Compliance with Financial Markets Act Requirements
The Financial Sector Conduct Authority extends compliance deadlines for accounting records, audits, and JSE listing requirements to mitigate the impact of South Africa's nationwide COVID-19 lockdown. Regulated persons with financial year-ends between May and July 2020 receive a two-month extension for submitting audited financial statements, while issuers benefit from corresponding one- to two-month extensions for publishing interim and annual reports, distributing AGM notices, and submitting audited statements to the JSE. These adjustments apply irrespective of any prior extensions granted directly by the JSE and establish specific new submission dates based on each entity's financial year-end.
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