South Africa: Revised fees imposed, foreign collective investment schemes

There is a slight increase in the amount per fund and sub-fund for foreign collective investment schemes.

Revised fees imposed, foreign collective investment schemes

The Financial Sector Conduct Authority (FSCA) on 29 August 2021, revised the fees (levies) it imposes on financial institutions.

For foreign collective investment schemes, there is a slight increase in the amount per fund and sub-fund that is paid in four quarterly installments. The variable amount and composition of the fees remain the same as before.

The current applicable levies per quarter are as follows:



Per Umbrella Fund

ZAR 12,915

Per sub-fund

ZAR 7,005

Variable based on net assets under management on behalf of South African investors


These fees are payable in four quarterly installments on or before 31 July, 30 September, 31 December and 31 March of the levy year. The variable sum is calculated based on provided statistics, which is to be submitted to the FSCA within 30 days after the end of the preceding quarter.

Read a September 2022 report prepared by the KPMG member firm in Luxembourg


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