Financial Services Board Act, 1990 (Act No. 97 of 1990)

Notices

Levies for Financial Institutions, 2019

15. Levy on collective investment schemes in participation bonds
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(1)The levy, in respect of a manager administering a collective investment scheme in participation bonds referred to in Part VI of the Collective Investment Schemes Control Act, consists of:
(a)a base amount of R11 978;
(b)an amount of R1 855 in respect of each scheme; and
(c)0.0000457% of the aggregate amount owing by mortgagors on 31 December 2018.

 

(2)The levy referred to in subparagraph (1) is calculated for four quarters and must be paid not later than 31 July of the levy year.