Regulatory Alerts2022-08-31
FSCA Communication 24 of 2022 (FAIS) – Financial Soundness Workshops and Survey for FSPs
The Financial Sector Conduct Authority (FSCA) issued Communication 24 of 2022 to announce a series of virtual financial soundness workshops and an accompanying survey for registered Financial Services Providers (FSPs). Scheduled throughout September 2022, the workshops will clarify financial soundness requirements through targeted sessions for premium-collecting and non-premium FSPs, followed by multilingual Q&A meetings. The subsequent survey, launching on 1 October and closing on 15 November 2022, will assess FSPs' regulatory understanding and evaluate how environmental risk factors impact their financial sustainability.
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