Tag Archives | Levies


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 […]

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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 […]

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SIU set to conclude investigation into CMS staff in January

The Council for Medical Schemes (CMS) has already implemented a number of recommendations arising from the Special Investigating Unit’s investigation into alleged misconduct by its employees, and it plans to increase its tariffs for regulatory services. CMS chief executive Dr Sipho Kabane told Parliament’s Portfolio Committee on Health that the SIU indicated in October that […]

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Proposed levies on Financial Institutions – FSCA requests comments

According to Pam Saxby of Legalbrief Policy Watch, the FSCA has called for input by 21 June 2019 on proposed levies for the 2019/20 financial year to be imposed on a raft of affected institutions. This includes: pension funds, their administrators and adjudicators; retirement annuity funds; friendly societies; short-term insurers and Lloyd’s underwriters; long-term insurers; intermediaries; collective […]

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