Secondary

Tag Archives | Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Bill

rands

Treasury proposes reducing FSP levies

National Treasury has proposed lowering some of the levies that FSPs will pay to the FSCA in terms of the Financial Sector and Deposit Insurance Levies Bill, to reduce the impact on small entities. Read: FSPs face paying regulators much higher levies Vukile Davidson, Treasury’s chief director of financial sector policy, told Parliament’s Standing Committee […]

Continue Reading
rands

MPs ask Treasury for report on impact of new financial sector levies

Parliament’s Standing Committee on Finance has tasked National Treasury with producing a report on how the Financial Sector and Deposit Insurance Levies Bill will impact consumers and small entities. Read: FSPs face paying regulators much higher levies Treasury, the FSCA and the Prudential Authority (PA) this week briefed the committee on their responses to submissions […]

Continue Reading
deposit-insurance

Deposit insurance will cost R14 per depositor, says Treasury

The annual costs to fund the Corporation for Deposit Insurance (CoDI) and the Deposit Insurance Fund (DIF) will work out to R14 per qualifying depositor, National Treasury told Parliament’s Standing Committee on Finance on Wednesday during a presentation on the Financial Sector and Deposit Insurance Levies Bill and the related Financial Sector and Deposit Insurance […]

Continue Reading
accounting

FSCA’s forecast income for 2022/23 will leave it with a shortfall

The FSCA forecasts it will have a total income of R949 million in the 2022/23 financial year, while its operating expenditure will be R967m, leaving it with a shortfall of R18m. This emerged during a presentation on Wednesday by National Treasury to Parliament’s Standing Committee on Finance on the Financial Sector and Deposit Insurance Levies […]

Continue Reading
SA Corona Virus Online Portal Logo
CLICK HERE FOR MORE INFORMATION