FINANCIAL SECTOR & DEPOSIT INSURANCE LEVIES ACT: MORE AMENDMENTS PROPOSED

FINANCIAL SECTOR & DEPOSIT INSURANCE LEVIES ACT: MORE AMENDMENTS PROPOSED

• 04 October 2024
• Financial Sector
• SA Legal Academy

National Treasury has gazetted a notice calling for input by 3 November 2024 on draft amendments to Schedule 1 of the Financial Sector & Deposit Insurance Levies Act, 2022. This is noting that Scheule 1 applies to entities supervised by the Prudential Authority.

The amendments proposed are reflected in a draft replacement table among other things:

• listing each type of measured entity affected
• the percentage change in levy envisaged, and
• the rationale underpinning the calculations concerned.

Amendments to the Act’s Schedules 2 and 3 were gazetted on 23 August 2024, as SA Legal Academy reported at the time.

• Government Gazette notice with draft replacement Schedule 1 table
• Act
• SA Legal Academy report on amendments to Schedules 2 and 3

Published by SA Legal Academy Policy Watch

Follow us on X @SALegalAcademy (you can also join us on LinkedIn and Facebook)

0 COMMENTS

LEAVE A COMMENT