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Fee Adjustments

Bad news and good news – Both the FSB and the Council for Medical Schemes have published fee increases.

FSB Fees

The previous notice was published on 24 March 2015, and signed by the then Minister of Finance, the honourable NM Nene. So much water has flowed into the ocean since then.

Some of the more common fee increases are:

Current Fee New Fee
Application for authorisation as a Category I FSP 2 311 2 414
Application for authorisation as a Category II FSP 13 971 14 599
Application for authorisation as a Category IIA FSP 13 971 14 599
Application for authorisation as a Category III FSP 41 976 43 864
Application for authorisation as a Category IV FSP 2 311 2 414
Application for approval as Key Individual 1 251 1 307
Application for Phase I approval by a Compliance Officer 1 431 1 495
Application for Phase II approval by a Compliance Officer (Linking to a License) 742 775
Regulatory Examinations 1 113 1 163

The new fees are effective from 24 January 2017. As registration for the regulatory exams up to this date have already closed, the new fee will be applicable to all registrations with immediate effect.

CMS Fees

The Council increased the maximum amount payable to healthcare advisers to R85 including VAT, or 3%, whichever is the lesser, effective from 1 January 2017.

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