Tag Archives | Exemptions


Accounting standard exemptions for managers and auditors of collective investment schemes

The FSCA has published a draft general exemption that proposes to exempt managers and auditors of collective investment schemes (CIS) and its portfolios from those parts of section 74(1) (a) and (2) (c) of CISCA, which determines the accounting standard to be applied by managers and auditors of CIS portfolio’s as per the specific accounting […]

Continue Reading

FICA Exemption

The Financial Intelligence Centre published Public Compliance Communication (PCC) 29 to provide guidance on the application of Exemption 4 of the FIC Act which provides for the reliance by one accountable institution (the secondary accountable institution) on the identification, verification and certain record keeping requirements required by the FIC Act by another accountable institution (the […]

Continue Reading