FSCA deadlines for financial services providers — levies, financial statements, CPD

A licensed FSP runs on three overlapping clocks: annual financial statements due four months after the FSP's own financial year end under the FAIS Act, an annual FSCA levy invoice payable by a date set each levy year, and a CPD cycle that runs from 1 June to 31 May regardless of the FSP's financial year end.

Reviewed by TefCo Compliance Research — last verified 15 September 2026.

In short

Annual financial statements are due to the FSCA not later than four months after the FSP's financial year end (FAIS Act 37 of 2002, section 19).
The 2025 FSCA and Ombud levy invoices were due for payment by 30 January 2026.
The CPD cycle is fixed to the calendar — 1 June to 31 May — not to the FSP's financial year.
Extension requests for financial statements must be lodged with the FSCA at least 15 days before the submission deadline.

The four-month rule for financial statements

Section 19 of the FAIS Act 37 of 2002 requires an authorised FSP to submit financial statements to the Registrar not later than four months after the end of the FSP's financial year. Whether those statements must be audited depends on the FSP's category and whether it receives client funds or premiums.

Category II, IIA, III and IV FSPs must submit audited financial statements. Category I companies must also submit audited statements. Category I sole proprietors and close corporations that do not receive client funds or premiums may submit unaudited statements, provided a signed Annexure A declaration accompanies the submission.

Who must audit, and when statements are due
FSP type	Statement type	Deadline
Category II, IIA, III, IV	Audited	4 months after financial year end
Category I company	Audited	4 months after financial year end
Category I sole proprietor/CC, no client funds	Unaudited (with signed Annexure A)	4 months after financial year end
Category I sole proprietor/CC, holds client funds or premiums	Audited	4 months after financial year end

An extension can be requested electronically through the FAIS Online system, but the request must reach the FSCA at least 15 days before the submission date, and will not be granted while any financial statements or compliance reports are outstanding.

The annual levy

FSCA levies are set each year under the Financial Sector and Deposit Insurance Levies Act 11 of 2022. For the 2025 levy year, National Treasury gazetted a final amendment to Schedules 2, 3 and 5 on 28 November 2025, and the deadline for payment of the 2025 FSCA and Ombud levies was 30 January 2026.

For Category I and IV FSPs, the 2026/27 Schedule 2 levy is a base amount of R4 111.39 plus R593.87 per average combined number of key individuals and representatives, averaged over 1 September of the preceding levy year to 31 August of the levy year. Category II, IIA and III FSPs pay a base amount of R8 565.39 plus the same per-person variable, plus a further variable component on the value of investments managed or administered. Confirm the current year's exact figures against the FSCA's own invoice, since Treasury re-gazettes the schedule annually.

The CPD cycle runs on its own calendar

Continuous professional development for FSPs, key individuals and representatives is governed by Chapter 4 of the Determination of Fit and Proper Requirements for Financial Services Providers, 2017 (Board Notice 194 of 2017). The CPD cycle runs for 12 months from 1 June to 31 May, regardless of the FSP's own financial year end.

Minimum hours depend on the classes of business a person is authorised for: 6 hours for a single subclass within a single class, 12 hours for more than one subclass within a single class, and 18 hours for more than one class of business. A person rendering financial services relating to crypto assets must complete a further 6 hours specifically on crypto assets, on top of the standard requirement.

Frequently asked

Does the CPD cycle follow my FSP's financial year end?

No. The CPD cycle is fixed at 1 June to 31 May every year under Board Notice 194 of 2017, regardless of when the FSP's financial year ends.

What happens if the FSCA levy is not paid on time?

The FSP's licence may be withdrawn under section 9 of the FAIS Act. If an invoice has not arrived ahead of the deadline, contact the FSCA to have it re-sent rather than assume the obligation has fallen away.

Can I get an extension on the four-month financial statements deadline?

Yes, through the FAIS Online system under section 4 of the FAIS Act, but the request must be submitted at least 15 days before the deadline and will be refused if any other filings are outstanding.

Sources

TefCo Corporate Compliance (Pty) Ltd is a compliance management platform, not a legal, tax or advisory firm. This guide is general information, not advice. Fees, dates and thresholds change — confirm current figures with the regulator before you rely on them.