Regulatory Alerts2020-03-24
FSCA Communication 9 of 2020 (General)
The Financial Sector Conduct Authority extends statutory return submission deadlines and fit-and-proper compliance timelines for financial services providers to mitigate COVID-19 disruptions. Financial statements, pension fund returns, and regulatory examinations receive extensions of up to four months or are postponed until mid-December 2020 without penalties. These adjustments apply across FAIS, CISCA, insurance, and pension fund sectors while maintaining normal capital adequacy and risk reporting requirements.
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