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South Africa
NATIONAL LEGISLATION OVERVIEWS
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Financial Sector and Deposit Insurance Levies Act, No. 11 of 2022
NOTE: Assented to and published in English, with alternative copy in Northern Sotho, except the Notice of assent which is in Southern Sotho*

Long title


To provide for the imposition of financial sector levies on supervised entities; to provide for the imposition of a deposit insurance levy; to provide for exemption from such levies under certain circumstances; to provide for the allocation of amounts levied to financial sector bodies; and to provide for matters connected therewith.

Table of contents

SECTION TITLE

PREAMBLE
ARRANGEMENT OF SECTIONS
1. Definitions and interpretation
PART A. FINANCIAL SECTOR LEVY AND SPECIAL LEVY
2. Imposition of levies
3. Supervised entities subject to financial sector levy
4. Amount and payment of financial sector levy
5. Levy year
6. Levy period
7. Apportionment
8. Special levy
PART B. DEPOSIT INSURANCE LEVY
9. Deposit insurance levy
PART C. PROVISIONS APPLICABLE TO ALL LEVIES
10. Amendment of Schedules
11. Exemption from levies
12. Allocation of amounts levied to financial sector bodies
13. Short title and commencement
Sch. 1 SCHEDULE 1. FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF PRUDENTIAL AUTHORITY [s1, s4, s8, s10, s11, Sch3,  Sch6]
Sch. 2 SCHEDULE 2. FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF FINANCIAL SECTOR CONDUCT AUTHORITY [s1, s4, s8, s10, s11, s12, Sch3, Sch4,  Sch6]
Sch. 3 SCHEDULE 3. FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF TRIBUNAL [s1, s4, s8, s10, s11, s12,  Sch6]
Sch. 4 SCHEDULE 4. FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF OMBUD COUNCIL [s1, s4, s8, s10, s11, s12,  Sch6]
Sch. 5 SCHEDULE 5. FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF STATUTORY OMBUD SCHEMES [s1, s4, s8, s10, s11, s12,  Sch6] 
Sch. 6 SCHEDULE 6. DEPOSIT INSURANCE LEVY [s9, s11]
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Versions
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