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FSCA communication 9 of 2020 (general) - Supervision

26 March 2020 FSCA

IMPACT OF COVID-19 ON COMPLIANCE WITH VARIOUS REGULATORY REQUIREMENTS

1. BACKGROUND

1.1 The Financial Sector Conduct Authority (the Authority) acknowledges the impact of the COVID-19 on South Africa in general and the financial services industry specifically. The Authority is aware of the challenges the regulated entities might face in complying with various regulatory requirements.

1.2 As a result, the Authority hereby communicates various arrangements in respect of submission of statutory returns and fit and proper related deadlines.

1.3 Please note that the Authority is concerned with the current situation and open to specific challenges facing the industry, as such the Authority will do its best to accommodate anyone that is experiencing problems in complying with specific regulatory requirements because of the impact of COVID-19.

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