The new fees payable to the Registrar of Financial Services were announced on 25 March 2015. A few noteworthy changes are:
|Category I Application||2180||2311|
|Category II Application||13180||13971|
|Key individual Approval||1180||1251|
|Approval of an amendment to an approved mandate or application for approval of an additional approved mandate||–||3860|
|Application for Extension of submission of financial statement under Sec 19(2) of FAIS||–||550|
|General Exemption (Other than RE Qualification)||6280||6657|
|Exemption by an Individual from the Qualification requirement or RE requirement||1500||1590|
|Exemption by a FSP on behalf of 10 or more KI’s/Representatives of that FSP from the qualification requirement or RE requirement||–||1100|
|CO: Phase I approval||1350||1431|
|CO: Phase II approval
With the current fees, a distinction was made between a natural person appointed by a CO Practice (R220) and natural person not appointed by a CO Practice (R700). This distinction has now fallen away.
|Regulatory Examinations in South Africa||1050||1113|
The new fees are effective from 25 April 2015.
Those who wish to effect any of the above applications or changes, or register for the regulatory exams at the old rates, are advised to bear in mind that the new fees come onto effect on 25 April 2015.
To register for the regulatory exams please click here.
Please click here to download the National Treasury document containing full details of the fee increases.