Financial Sector and Deposit Insurance Levies Act

This section is titled “Definitions and interpretation” and shows the arrangement for a part dealing with a financial sector levy and a special levy.

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Jurisdiction: South Africa
Instrument: Act or statute
Citation: Act 11 of 2022
Version: Undated source snapshot
Language: en
Updated: 6 Dec 2022
Official source: View official record ↗

allocation of levy amounts annual payment calculation central counterparties clearing house levy clearing houses collective investment schemes commencement corporate tax calculation corporate taxation credit rating agencies definitions deposit insurance deposit insurance levy exemptions fees financial institutions financial regulation financial sector entities financial sector levy financial sector regulation financial services financial services levy financial services providers +39 more

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Statute overview

About this statute

This section is titled “Definitions and interpretation” and shows the arrangement for a part dealing with a financial sector levy and a special levy. This section concerns the amount and payment of the financial sector levy. This section is the introductory part for the Apportionment/Special levy Act and explains the policy purpose behind the levy and related financial-sector arrangements. Section 1 is titled “Ditlhaloso le thanolo” and appears to introduce definitions and a contents list. This text identifies the Financial Sector and Deposit Insurance Levies Act, 2022.

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Provisions of Financial Sector and Deposit Insurance Levies Act

Showing 58 of 58

1
Deﬁnitions and interpretation
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AI-assisted research summary: This section is titled “Definitions and interpretation” and shows the arrangement for a part dealing with a financial sector levy and a special levy.

1. Deﬁnitions and interpretation ARRANGEMENT OF SECTIONS Part A Financial sector levy and special levy Imposition of levies Supervised entities subject to ﬁnancial sector levy 2. 3.

Part

Part A

4
Amount and payment of ﬁnancial sector levy
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AI-assisted research summary: This section concerns the amount and payment of the financial sector levy.

4. Amount and payment of ﬁnancial sector levy Levy year 5. Levy period 6.
7
Apportionment
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AI-assisted research summary: This section is the introductory part for the Apportionment/Special levy Act and explains the policy purpose behind the levy and related financial-sector arrangements.

7. Apportionment Special levy 8. 5 10 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 3 3 (English text signed by the President) (Assented to 6 December 2022) MOLAO Go laela mabapi le tuediso ya makgethwana a lephata la ditsˇhelete mo ditheong tse di okangweng; go laela mabapi le tuediso ya lekgethwana la insˇorense ya tipositi; go laela mabapi le kgololo ya go se duele makgethwana ao ka fa tlase ga mabaka a a rileng; go laela mabapi le kabo ya madi a a duedisitsweng go ditheo tsa lephata la ditsˇhelete; le go laela mabapi le merero e e amanang le ona. KETAPELE KA NTLHA YA FA Rephaboleki, gore go ﬁtlhelelwe thulaganyo ya tsa ditsˇhelete e e tlhomameng e e direlang dikgatlhego tsa barekedi ba tsa ditsˇhelete e bile e tshegetsa kgolo ya ikonomi e e lekalekanang e e tswelelang mo Rephaboleking, e dirile molao go tlhoma letlhomeso la taolo le tlhokomelo le le tsweletsang— tlhomamo ya matlotlo; tshireletsego le tlhomamo ya ditheo tseo tsa ditsˇhelete; tsholo e e siameng le tshireletso ya barekedi ba tsa ditsˇhelete; (a) (b) (c) (d) nonofo le tshiamo ya thulaganyo ya matlotlo; (e) (f) (g) phetogo ya lephata la tsa matlotlo; le (h) tshepo mo thulaganyong ya matlotlo; thibelo ya bosenyi jwa tsa ditsˇhelete; kakaretso mo ditsˇheleteng; KA NTLHA YA FA karolo 237 ya Molao wa Taolo ya ya Lephata la Ditsˇhelete e laela mabapi le molao o o pateletsang makgethwana go duelela ditiro tsa ditheo tsa lephata la ditsˇhelete tse di tlhokegang mabapi le go diriswa ya Molao oo; E BILE KA NTLHA YA FA karolo 166BC ya Molao wa Taolo ya ya Lephata la Ditsˇhelete e laela mabapi le Koporasi ya Insˇorense ya Ditipositi, e e tlhomilweng go ya ka karolo 166AE ya Molao oo, go duedisa ditokololo tsa Koporasi lekgethwana la insˇorense ya tipositi go tsamaelana le molao o o neelanang ka maatla a tsamaiso ya makgethwana, O DIRWA MOLAO ke Palamente ya Rephaboleki ya Aforika Borwa, jaana:—
1
Ditlhaloso le thanolo
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AI-assisted research summary: Section 1 is titled “Ditlhaloso le thanolo” and appears to introduce definitions and a contents list.

1. Ditlhaloso le thanolo THULAGANYO YA DIKAROLO Karolo A Lekgethwana la lephata la ditsˇhelete le lekgethwana le le kgethegileng 2. 3. 4. 5. 6. 7. 8. Tuediso ya makgethwana Ditheo tse di okangweng go ya ka lekgethwana la lephata la ditsˇhelete Tlhotlhwa le tuelo ya lekgethwana la lephata la ditsˇhelete Ngwaga wa lekgethwana Paka ya lekgethwana Karolelokabo Lekgethwana le le kgethegileng 5 10 This gazette is also available free online at www.gpwonline.co.za
4
No. 47695
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AI-assisted research summary: This text identifies the Financial Sector and Deposit Insurance Levies Act, 2022.

4 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022
9
Deposit insurance levy
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AI-assisted research summary: Section heading for the deposit insurance levy.

9. Deposit insurance levy 4 Part B Deposit insurance levy Part C Provisions applicable to all levies
3
A supervised entity is liable to pay the ﬁnancial sector levy in an amount
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AI-assisted research summary: A supervised entity must pay the financial sector levy for each levy year or period, with the amount set under section 4.

3. A supervised entity is liable to pay the ﬁnancial sector levy in an amount determined in terms of section 4, in respect of each levy year or levy period, in relation to that supervised entity. 40 Amount and payment of ﬁnancial sector levy 4. (1) (a) The ﬁnancial sector levy payable by a supervised entity to the Financial Sector Conduct Authority, as contemplated in section 237(3A)(a) of the Financial Sector Regulation Act, read with section 246(2)(a) of that Act, in respect of a levy year or levy period, is an amount equal to the sum of the amounts speciﬁed in or calculated in accordance with Schedules 2 to 5, in relation to that supervised entity. (b) The ﬁnancial sector levy payable by a supervised entity to the Prudential Authority and collected by the Reserve Bank, as contemplated in section 237(3A)(b) of the Financial Sector Regulation Act, read with section 246(2)(b) of that Act in respect of a levy year or levy period, is an amount equal to the sum of the amounts speciﬁed in or calculated in accordance with Schedule 1, in relation to that supervised entity. (2) The amount speciﬁed in each Schedule is determined by matching a supervised entity with a type of supervised entity listed in the column ‘‘Type of supervised entity’’ 45 50 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 9 9 jaaka go ‘‘letlole la pabalelo’’ le kaya letlole la pabalelo, jaaka le tlhalositswe mo karolong 1(1) ya Pension Funds Act, 1956; ‘‘setlamotshireletsosesˇwa’’ se kaya setlamotshireletsosesˇwa, jaaka se tlhalositswe mo karolong 1(1) ya Insurance Act; ‘‘moemedi’’ o kaya moemedi, jaaka go tlhalositswe mo karolong 1(1) ya Financial Advisory and Intermediary Services Act, 2002; ‘‘letlole la tshiamelotholotiro’’ le kaya letlole la tshiamelotholotiro, tlhalositswe mo karolong 1(1) ya Pension Funds Act, 1956; ‘‘Letlole la Dikotsi tsa mo Mebileng’’ le kaya letlole le le tlhomilweng ka karolo 2(1) ya Road Accident Fund Act, 1996 (Molao 56 wa 1996); ‘‘lekgethwana le le kgethegileng’’ le kaya lekgethwana le le duediswang ka fa tlase ga karolo 2(2); ‘‘setheo se se okangweng’’ se kaya setheo sa ditsˇhelete se se bonelwang pele mo temaneng (a) mo tlhalosong ya ‘‘setheo se se bonetsweng pele’’ mo karolong 1(1) ya Molao wa Taolo ya Lephata la Ditsˇhelete sa mefuta e e tlhagisitsweng mo Disˇejuleng 1 go ﬁtlha go 6; le ‘‘setheo se se tsholang direkoto tsa motlamedikonterakatlotlotlhokatsereganyo’’ se kaya setheo se se tsholang direkoto tsa motlamedikonterakatlotlotlhokatsereganyo, jaaka go tlhalositswe mo karolong 1(1) ya Financial Markets Act. (2) Ntle le fa bokao bo tlhalosa ka mokgwa osele, mafoko le ditlhagiso tse di sa tlhaloswang mo karolotlaleletsong (1) le tseo di tlhalositsweng mo Molaong wa Taolo ya Lephata la Ditsˇhelete di na le bokao jo di bo neilweng mo Molaong oo. (3) Disˇejule tsa Molao ono di diriswa mabapi le ditheo tse di okangweng tse di tsepamisitsweng mo ntlheng 1 ya S(cid:323)ejule nngwe le nngwe. Lekgethwana la lephata la ditsˇhelete le lekgethwana le le kgethegileng Karolo A 5 10 15 20 25 Tuediso ya makgethwana 2. (1) Lekgethwana, leo le itsegeng jaaka lekgethwana la lephata la tsa ditsˇhelete, le tshwanetse go duediswa le go duelwa go latela karolo 3. (2) Mo godimo ga lekgethwana la lephata la tsa ditsˇhelete le le duediswang ka fa tlase ga karolo (1), lekgethwana le le kgethegileng le tshwanetse go duediswa le go duelwa go latela karolo 8. 30 Ditheo tse di okangweng go ya ka lekgethwana la lephata la ditsˇhelete
3
Setheo se se okangweng se rwala maikarabelosemolao go duela lekgethwana la
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AI-assisted research summary: An affected institution must pay the financial-sector levy for each financial year or financial period.

3. Setheo se se okangweng se rwala maikarabelosemolao go duela lekgethwana la lephata la ditsˇhelete madi a a tlhomamisitsweng go ya ka karolo 4, mabapi le ngwaga nngwe le nngwe ya ditsˇhelete kgotsa paka ya ditsˇhelete kwa setheong seo se se okangweng. Tlhotlhwa le tuelo ya lekgethwana la lephata la ditsˇhelete 4. (1) (a) Lekgethwana la lephata la ditsˇhelete le le duelwang ke setheo se se okangweng kwa Bothating jwa Boitshwaro jwa Lephata la Ditsˇhelete, jaaka go umakilwe mo karolong 237(3A)(a) ya Molao wa Taolo ya Lephata la Ditsˇhelete, ka puisommogo le karolo 246(2)(a) ya Molao oo, mabapi le ngwaga nngwe le nngwe ya ditsˇhelete kgotsa paka ya ditsˇhelete, ke tlhotlhwa e e lekanang le palogotlhe ya ditlhotlhwa tse di tsepamisitsweng kgotsa tse di badilweng go tsamaelana le Disˇejule 2 go ﬁtlha go 5, mabapi le setheo seo se se okangweng. (b) Lekgethwana la lephata la ditsˇhelete le le duelwang ke setheo se se okangweng kwa Bothating jwa Tlhokomelo le go kgobokanngwa ke Banka ya Resefe, jaaka go umakilwe mo karolong 237(3A)(b) ya Molao wa Taolo ya Lephata la Ditsˇhelete, ka puisommogo le karolo 246(2)(b) ya Molao oo mabapi le ngwaga ya ditsˇhelete kgotsa paka ya ditsˇhelete, ke tlhotlhwa e e lekanang le palogotlhe ya ditlhotlhwa tse di tsepamisitsweng kgotsa tse di badilweng go tsamaelana le S(cid:323)ejule 1, mabapi le setheo seo se se okangweng. (2) Tlhotlhwa e e tsepamisitsweng mo S(cid:323)ejuleng nngwe le nngwe e tlhomamiswa ka go bapisa setheo se se okangweng le mofuta wa setheo se se okangweng o o 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za
10
No. 47695
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AI-assisted research summary: A supervised entity must pay the levy amount in the number of instalments set out in the relevant Schedule.

10 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 10 in the Table in each Schedule and applying the formula in the corresponding line of the column ‘‘Formula’’ in the Table. (3) The amount determined in terms of subsection (2) must not exceed the amount stipulated in the corresponding line of the column ‘‘Maximum’’ for the levy year or levy period, as may be applicable in the Table, in that Schedule. (4) (a) A supervised entity must, in respect of a levy year, pay the amount speciﬁed in each Schedule in the number of payments indicated in the corresponding line of the column ‘‘Number of payments during a levy year’’ in the Table in that Schedule. (b) Where, in a Schedule, the ‘‘number of payments during a levy year’’ is indicated as ‘‘one’’, a supervised entity must make a single payment in respect of the levy year. (c) Where, in a Schedule, the ‘‘number of payments during a levy year’’ is indicated as ‘‘four’’, a supervised entity must make a payment in respect of each levy period. (5) The amount indicated as ‘‘maximum’’ applies in respect of the— (a) (b) levy year, where the ‘‘number of payments during a levy year’’ is indicated as ‘‘one’’; levy period, where the ‘‘number of payments during a levy year’’ is indicated as ‘‘four’’. (6) In the case of a part of a levy year or a levy period referred to in section 7, the amount of the levy payable for that part of a levy year or a levy period must be determined by applying, to the amount that would be payable for a full levy year or a levy period, as the case may be, the ratio of the number of days in that part of a levy year or a levy period to the number of days in a full levy year or a levy period, described in sections 5 and 6, respectively. 5 10 15 20 Levy year
5
A levy year is the period from 1 April in each year to 31 March in the immediately
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AI-assisted research summary: A levy year runs from 1 April each year to 31 March of the next year.

5. A levy year is the period from 1 April in each year to 31 March in the immediately 25 succeeding year. Levy period
6
A levy period is one of the following periods in each year:
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AI-assisted research summary: A levy period is any of four set date ranges in each year.

6. A levy period is one of the following periods in each year: (a) 1 April to 30 June; (b) 1 July to 30 September; (c) 1 October to 31 December; or (d) 1 January to 31 March. Apportionment 7. (1) If a provision of this Act comes into operation after the commencement of a levy year or a levy period, a part of a levy year or a levy period must apply from the commencement of that provision to the end of the levy year or the levy period, as may be applicable. (2) Where a supervised entity is licensed after the commencement of a levy year or a levy period, a part of a levy year or a levy period must apply from the date of licensing to the end of the levy year or the levy period, as may be applicable. (3) (a) Where the licence of a supervised entity is withdrawn or cancelled during a levy year or a levy period for whatever reason, a part of a levy year or a levy period must apply from the beginning of the relevant levy year or levy period to the date on which the licence is withdrawn or cancelled. 30 35 40 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 11 11 tlhagisitsweng mo kholomong ‘‘Mofuta wa setheo se se okangweng’’ mo Lenaneng mo S(cid:323)ejuleng nngwe le nngwe le go dirisa fomula mo moleng o o tsamaelanang wa kholomo ‘‘Fomula’’ mo Lenaneng. (3) Tlhotlhwa e e tlhomamisitsweng go ya ka karolotlaleletso (2) e tshwanetse go se fete tlhotlhwa e e beilweng mo moleng o o tsamaelanang wa kholomo ‘‘Bogolo’’ mabapi le ngwaga wa lekgethwana kgotsa paka ya lekgethwana, jaaka go le maleba mo Lenaneng, mo S(cid:323)ejuleng eo. (4) (a) Setheo se se okangweng se tshwanetse, mabapi le ngwaga wa lekgethwana, go duela tlhotlhwa e e tsepamisitsweng mo S(cid:323)ejuleng nngwe le nngwe mo palong ya dituelo e e tlhagisitsweng mo moleng o o tsamaelanang wa kholomo ‘‘Palo ya dituelo mo pakeng ya lekgethwana’’ mo Lenaneng mo S(cid:323)ejuleng eo. (b) Fa, mo S(cid:323)ejuleng, ‘‘palo ya dituelo mo ngwageng ya lekgethwana’’ e tlhagisitswe jaaka ‘‘nngwe’’, setheo se se okangweng se tshwanetse go dira tuelo e le esi mabapi le ngwaga wa lekgethwana. (c) Fa, mo S(cid:323)ejuleng, ‘‘palo ya dituelo mo ngwageng ya lekgethwana’’ e tlhagisitswe jaaka ‘‘nne’’, setheo se se okangweng se tshwanetse go dira tuelo mabapi le paka nngwe le nngwe ya lekgethwana. (5) Tlhotlhwa e e tlhagisitsweng jaaka ‘‘bogolo’’ e diriswa mabapi le— (a) ngwaga wa lekgethwana, fa ‘‘palo ya dituelo mo ngwageng wa lekgethwana’’ e tlhagisitswe jaaka ‘‘nngwe’’; (b) paka ya lekgethwana, fa ‘‘palo ya dituelo mo ngwageng wa lekgethwana’’ e tlhagisitswe jaaka ‘‘nne’’. (6) Malebana le karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana e e kailweng mo karolong 7, tlhotlhwa ya lekgethwana le le duelwang mabapi le karolo eo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana e tshwanetse go tlhomamiswa ka go dirisa, mo tlhotlhweng e e tla duelwang mabapi le ngwaga e e feletseng ya lekgethwana kgotsa paka ya lekgethwana, go ya ka moo go leng ka teng, kabo ya palo ya matsatsi mo karolong eo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana mo palong ya matsatsi mo ngwageng o o feletseng wa lekgethwana kgotsa paka ya lekgethwana, e e tlhalositsweng mo dikarolong 5 le 6, ka tatelano. Ngwaga wa lekgethwana
5
Ngwaga wa lekgethwana ke paka e e simololang ka di 1 Moranang ngwaga nngwe
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AI-assisted research summary: This provision defines the tax year as running from 1 April to 31 March of the following year.

5. Ngwaga wa lekgethwana ke paka e e simololang ka di 1 Moranang ngwaga nngwe le nngwe go ﬁtlha ka di 31 Mopitlwe mo ngwageng o o latelang. Paka ya lekgethwana 5 10 15 20 25 30
6
Paka ya lekgethwana ke nngwe ya dipaka tse di latelang mo ngwageng nngwe le
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AI-assisted research summary: A tax year is one of four fixed quarterly periods, and when the law starts mid-year or a licence is issued or withdrawn mid-year, the relevant partial tax year applies from that trigger date to the end of the tax year.

6. Paka ya lekgethwana ke nngwe ya dipaka tse di latelang mo ngwageng nngwe le 35 nngwe: (a) 1 Moranang go ﬁtlha 30 Seetebosigo; (b) 1 Phukwi go ﬁtlha 30 Lwetse; (c) 1 Diphalane go ﬁtlha 31 Sedimonthole; kgotsa (d) 1 Ferikgong go ﬁtlha 31 Mopitlwe. Karolelokabo 7. (1) Fa taelo ya Molao ono e tsenngwa mo tirisong morago ga tshimololo ya nwaga wa lekgethwana kgotsa paka ya lekgethwana, karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana e tshwanetse go diriswa go simolola ka go tsenngwa mo tirisong ga taelo eo go ﬁtlhela kwa bokhutlong jwa ngwaga wa lekgethwana kgotsa paka ya lekgethwana, ka moo go leng maleba. (2) Fa setheo se se okangweng se abetswe laesense morago ga tshimololo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana, karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana e tshwanetse go dirisa go simolola ka letlha la go abelwa laesense go ﬁtlhela kwa bokhutlong jwa ngwaga wa lekgethwana kgotsa paka ya lekgethwana, ka moo go leng maleba. (3) (a) Fa laesense ya setheo se se okangweng e gogetswe morago kgotsa e phimotswe mo ngwageng wa lekgethwana kgotsa mo pakeng ya lekgethwana ka ntlha ya mabaka afe, karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana e tshwanetse go dirisa go tloga ka tshimololo ya ngwaga o o maleba wa lekgethwana kgotsa paka ya lekgethwana go ﬁtlhela ka letlha le laesense e gogetsweng morago kgotsa e phimotsweng ka lona. 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za
12
No. 47695
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AI-assisted research summary: Supervised entities must pay a special levy for the first two levy years after commencement, and members must pay the deposit insurance levy; refunds are required when a licence is withdrawn/cancelled or membership ends after full payment.

12 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 12 (b) Where a levy has already been paid in full for a levy year or a levy period during which the licence of a supervised entity is withdrawn or cancelled, a refund of the levy must be provided to the supervised entity for the proportion of the levy year or levy period subsequent to the withdrawal or cancellation of the licence. Special levy 8. (1) A supervised entity must pay the special levy, determined in terms of subsection (2), in respect of the ﬁrst two levy years immediately following the date of the commencement of this Act. (2) (a) The special levy in respect of a levy year or a levy period, or part of a levy year or a levy period, that is payable to the Financial Sector Conduct Authority, as contemplated in section 237(3A)(a) of the Financial Sector Regulation Act, read with section 246(2)(a) of that Act, is an amount equal to 7.5 per cent of the amount of the ﬁnancial sector levy payable by that supervised entity in respect of Schedules 2 to 5, determined in terms of section 4 in respect of that levy year or levy period, or part of a levy year or a levy period. (b) The special levy in respect of a levy year or a levy period, or part of a levy year or a levy period, that is payable to the Prudential Authority and collected by the Reserve Bank, as contemplated in section 237(3A)(b) of the Financial Sector Regulation Act, read with section 246(2)(b) of that Act, is an amount equal to 7.5 per cent of the amount of the ﬁnancial sector levy payable by that supervised entity in respect of Schedule 1, determined in terms of section 4 in respect of that levy year or levy period, or part of a levy year or a levy period. Part B Deposit insurance levy Deposit insurance levy 9. (1) A levy, known as the deposit insurance levy, must be charged and paid in accordance with this Act, for the beneﬁt of the Corporation. (2) The deposit insurance levy is payable by each member. (3) The amount of the deposit insurance levy payable by each member in respect of a levy period from 1 April in each year to 31 March in the immediately succeeding year is determined in accordance with Schedule 6 to this Act. (4) (a) Where an entity becomes a member during a levy period or ceases to be a member during a levy period, the levy payable must be proportional to the remainder of the levy period during which the entity is a member or ceases to be a member. (b) Where a levy has already been paid in full for a levy year or a levy period during which a member ceases to be a member, a refund of the levy must be provided to the former member for the proportion of the levy year or levy period subsequent to the cessation of membership. Part C Provisions applicable to all levies Amendment of Schedules 10. (1) (a) The Minister may amend a Schedule, with the concurrence of the ﬁnancial sector body concerned, and after having published a proposed amended Schedule in the Gazette for public comment for a period of at least 30 days, either by submitting an amended Schedule to Parliament for approval, or in accordance with subsection (4). 5 10 15 20 25 30 35 40 45 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 13 13 (b) Fa lekgethwana le setse le duetswe ka botlalo mabapi le ngwaga wa lekgethwana kgotsa paka ya lekgethwana e ka yona laesense ya setheo se se okangweng e gogetsweng morago kgotsa e phimotsweng, lekgethwana le tshwanetse go busetswa setheo se se okangweng mabapi le karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana morago ga kgogelomorago kgotsa phimolo ya laesense. Lekgethwana le le kgethegileng 8. (1) Setheo se se okangweng se tshwanetse go duela lekgethwana le le kgethegileng, le le tlhomamisitsweng go ya ka karolotlaleletso (2), mabapi le dingwaga tse pedi tsa ntlha tsa lekgethwana ka bonako morago ga letlha la tshimololo ya Molao ono. (2) (a) Lekgethwana le le kgethegileng mabapi le ngwaga wa lekgethwana kgotsa paka ya lekgethwana, kgotsa karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana, le le duelwang kwa Bothating jwa Boitshwaro jwa Lephata la Ditsˇhelete, jaaka go umakilwe mo karolong 237(3A)(a) ya Molao wa Taolo ya Lephata la Ditsˇhelete, ka puisommogo le karolo 246(2)(a) ya Molao oo, ke tlhotlhwa e e lekanang le diphesente tse 7.5 tsa tlhotlhwa ya lekgethwana la lephata la ditsˇhelete le le duelwang le le ke setheo seo se se okangweng mabapi tlhomamisitsweng go ya ka karolo 4 mabapi le ngwaga wa lekgethwana kgotsa paka ya lekgethwana, kgotsa karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana. le Disˇejule 2 go ﬁtlha go 5, (b) Lekgethwana le le kgethegileng mabapi le ngwaga wa lekgethwana kgotsa paka ya lekgethwana, kgotsa karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana, le le duelwang kwa Bothating jwa Tlhokomelo le go kgobokanngwa ke Banka ya Resefe, jaaka go umakilwe mo karolong 237(3A)(b) ya Molao wa Taolo ya Lephata la Ditsˇhelete, ka puisommogo le karolo 246(2)(b) ya Molao oo, ke tlhotlhwa e e lekanang le diphesente tse 7.5 tsa tlhotlhwa ya lekgethwana la lephata la ditsˇhelete le le duelwang ke setheo seo se se okangweng mabapi le S(cid:323)ejule 1, le le tlhomamisitsweng go ya ka karolo 4 mabapi le ngwaga wa lekgethwana kgotsa paka ya lekgethwana, kgotsa karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana. Karolo B Lekgethwana la insˇorense ya tipositi Lekgethwana la insˇorense ya tipositi 9. (1) Lekgethwana, le le itsegeng jaaka lekgethwana la insˇorense ya tipositi, le tshwanetse go duediswa le go duelwa go latela Molao ono, mabapi le kunomolemo ya Koporasi. (2) Lekgethwana la insˇorense ya tipositi le duelwa ke tokololo nngwe le nngwe. (3) Tlhotlhwa ya lekgethwana la insˇorense ya tipositi le le duelwang ke tokololo nngwe le nngwe mabapi le paka ya lekgethwana go simolola ka di 1 Moranang mo ngwageng nngwe le nngwe go ﬁtlhela ka di 31 Mopitlwe mo ngwageng e e latelang ka bonako e tlhomamiswa go latela S(cid:323)ejule 6 ya Molao ono. (4) (a) Fa setheo se nna tokololo ka nako ya paka ya lekgethwana kgotsa se khutlisa go nna tokololo ka paka ya lekgethwana, lekgethwana le le duelwang le tshwanetse go lekana le paka e e setseng ya lekgethwana e ka yona setheo se santseng se le tokololo kgotsa se khutlisang go nna tokololo. (b) Fa lekgethwana le setse le duetswe ka botlalo mabapi le ngwaga wa lekgethwana kgotsa paka ya lekgethwana e ka yona tokololo e khutlisang go nna tokololo, lekgethwana le tshwanetse go busetswa tokololo ya pele mabapi le karolo ya ngwaga wa lekgethwana kgotsa paka ya lekgethwana morago ga go khutliswa ga botokololo. Karolo C Ditaelo tse di diriswang mo makgethwaneng otlhe Tlhabololo ya Disˇejule 10. (1) (a) Tona o ka tlhabolola Disˇejule, ka tumalano le setheo sa lephata la ditsˇhelete se se amegang, le morago ga go phasalatsa S(cid:323)ejule e e tlhabolotsweng e e tshitsintsweng mo Lokwalodikgannyeng la Puso mabapi le ditshwaelo tsa setsˇhaba sebaka sa bonnye matsatsi a le 30, ka go romela S(cid:323)ejule e e tlhabolotsweng kwa Palamenteng gore e rebolwe, kgotsa ka go latela karolotlaleletso (4). 5 10 15 20 25 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za

Part

Part C

10
Amendment of Schedules
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AI-assisted research summary: This section is titled “Amendment of Schedules.”

10. Amendment of Schedules
11
Exemption from levies
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AI-assisted research summary: This section concerns exemption from levies.

11. Exemption from levies
12
Allocation of amounts levied to ﬁnancial sector bodies
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AI-assisted research summary: This section concerns the allocation of amounts levied to financial sector bodies.

12. Allocation of amounts levied to ﬁnancial sector bodies
13
Short title and commencement
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AI-assisted research summary: This section is about the Act’s short title and commencement.

13. Short title and commencement SCHEDULE 1 5 10 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF PRUDENTIAL AUTHORITY SCHEDULE 2 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF FINANCIAL SECTOR CONDUCT AUTHORITY 15 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF TRIBUNAL SCHEDULE 3 SCHEDULE 4 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF OMBUD COUNCIL 20 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF STATUTORY OMBUD SCHEMES SCHEDULE 5 SCHEDULE 6 DEPOSIT INSURANCE LEVY Deﬁnitions and interpretation 1. (1) In this Act, unless the context indicates otherwise— ‘‘associated clearing house’’ means an associated clearing house, as deﬁned in section 1(1) of the Financial Markets Act; ‘‘bank’’ means a bank, as deﬁned in section 1(1) of the Banks Act; ‘‘branch’’ means a branch, as deﬁned in section 1(1) of the Banks Act; ‘‘central counterparty’’ means a central counterparty, as deﬁned in section 1(1) of that Act, and includes a licensed clearing house, as deﬁned in section 1(1) of the Financial Markets Act that is approved in terms of section 110 of that Act to perform the functions of a central counterparty; ‘‘central securities depository’’ means a central securities depository, as deﬁned in section 1(1) of the Financial Markets Act; ‘‘collective investment scheme in hedge funds’’ means a collective investment scheme declared to be a collective investment scheme in terms of section 63 of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002), and administered by a manager registered in terms of that Act; ‘‘collective investment scheme in participation bonds’’ means a collective investment scheme of a kind referred to in Part VI of the Collective Investment Schemes Control Act, 2002, and administered by a manager registered in terms of that Act; ‘‘collective investment scheme in property’’ means a collective investment scheme of a kind referred to in Part V of the Collective Investment Schemes Control Act, 2002, and administered by a manager registered in terms of that Act; 25 30 35 40 45 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 5 5 Karolo B Lekgethwana la insˇorense ya tipositi 9. Lekgethwana la insˇorense ya tipositi Karolo C Ditaelo tse di diriswang mo makgethwaneng otlhe 10. Tlhabololo ya Disˇejule
14
No. 47695
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AI-assisted research summary: Parliament must act on an amended Schedule within three months, and the Minister may publish or amend Schedules in the Gazette in specified cases. The Minister must also apply the annual levy increase rule unless a Gazette notice sets no increase or a smaller increase. Certain authorities may exempt supervised entities from levy payments.

14 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 14 (b) Parliament must approve, adopt amendments to or reject an amended Schedule within three months of the date of tabling of the amended Schedule. (c) If Parliament does not pass a resolution approving, adopting amendments to, or rejecting the amended Schedule within three months of the date of tabling, Parliament is deemed to have approved the amended Schedule, and— the Minister may publish the amended Schedule in the Gazette; and (i) the amended Schedule takes effect from the date of publication in the Gazette. (ii) (d) Section 13 of the Money Bills and Related Matters Act, 2009 (Act No. 9 of 2009), applies in relation to the consideration by Parliament of an amended Schedule that is tabled for approval. (e) If Parliament approves or adopts amendments to the amended Schedule as tabled, the Schedule approved or adopted by Parliament must then be published by the Minister in the Gazette, and the Schedule takes effect on the date of publication in the Gazette. (2) The Minister may make an amendment under subsection (1)— (a) (b) (c) (d) (e) to give effect to a proposal for levies made by the ﬁnancial sector body referred to in paragraphs (b) to (h) of the deﬁnition of ‘‘ﬁnancial sector body’’ in section 1(1) of the Financial Sector Regulation Act (in respect of Schedules 2 to 6) or the Prudential Authority (in respect of Schedule 1), as contemplated in section 239(2) of the Financial Sector Regulation Act, and which proposal has been submitted to the Minister in terms of section 239(5) of that Act; to specify the meaning of any terms contained in the Schedule; to provide for a levy for a ﬁnancial institution designated under section 2(2) of the Financial Sector Regulation Act, or which becomes a supervised entity as a result of an amendment to the Financial Sector Regulation Act or another ﬁnancial sector law, or the enactment of a new ﬁnancial sector law; to align the Schedule with the categories of supervised entities and activities that are regulated in terms of the Financial Sector Regulation Act or another ﬁnancial sector law; or to align references in the Schedule with the deﬁnition of ‘‘ﬁnancial sector body’’ in section 1(1) of the Financial Sector Regulation Act. (3) An amendment envisaged in terms of this section includes the substitution, insertion or repeal of a Schedule or part of a Schedule. (4) (a) A Schedule may be amended by the Minister by notice in the Gazette to give effect to an increase referred to in paragraph (b), and does not require submission to Parliament for approval, but a copy of the notice must be tabled in Parliament for information purposes. (b) In accordance with paragraph (a), the levies in the Schedules to this Act must be increased by the arithmetic mean of the Consumer Price Index as published by Statistics South Africa in the preceding calendar year, unless the Minister by notice in the Gazette, determines that there must be no increase or an increase less than that annual rate of increase. (c) An amended Schedule referred to in paragraph (a) takes effect on the date of publication of the notice in the Gazette. Exemption from levies 11. (1) (a) The Financial Sector Conduct Authority may, in writing, on application by a supervised entity or on its own initiative, exempt a supervised entity or a type or category of supervised entities, from the payment of all or a part of the ﬁnancial sector levy speciﬁed in Schedules 2 to 5, or the special levy referred to in section 8(2)(a), in respect of a levy year or a part of a levy year. (b) The Prudential Authority may, in writing, on application by a supervised entity or on its own initiative, exempt a supervised entity or a type or category of supervised entities, from the payment of all or a part of the ﬁnancial sector levy speciﬁed in 5 10 15 20 25 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 15 15 (b) Palamente e tshwanetse go rebola, go amogela kgotsa go se amogele ditlhabololo tsa S(cid:323)ejule e e tlhabolotsweng mo dikgweding tse tharo tsa letlha la go sekasekwa ga S(cid:323)ejule e e tlhabolotsweng. (c) Fa Palamente e sa fetise tharabololo ya go rebola, go amogela kgotsa go se amogele ditlhabololo tsa S(cid:323)ejule e e tlhabolotsweng mo dikgweding tse tharo tsa letlha la go sekasekwa, Palamente e tla tsewa gore e rebotse S(cid:323)ejule e e tlhabolotsweng, e bile— (i) Tona o ka phasalatsa S(cid:323)ejule e e tlhabolotsweng mo Lokwalodikgannyeng la Puso; e bile (ii) S(cid:323)ejule e e tlhabolotsweng e tsena mo tirisong go simolola ka letlha la phasalatso mo Lokwalodikgannyeng la Puso. (d) Karolo 13 ya Money Bills and Related Matters Act, 2009 (Molao 9 wa 2009), e diriswa mabapi le go sekasekwa ke Palamente ga S(cid:323)ejule e e tlhabolotsweng e e tlisitsweng gore e rebolwe. (e) Fa Palamente e rebotse kgotsa e amogetse ditlhabololo tsa S(cid:323)ejule e e tlhabolotsweng jaaka di sekasekilwe, S(cid:323)ejule e e rebotsweng kgotsa e e amogetsweng ke Palamente e tshwanetse go phasalatswa ke Tona mo Lokwalodikgannyeng la Puso, e bile S(cid:323)ejule e tla tsena mo tirisong ka letlha la phasalatso mo Lokwalodikgannyeng la Puso. (2) Tona o ka dira tlhabololo ka fa tlase ga karolotlaleletso (1)— (a) go tsenya mo tirisong tshitsinyo e e mabapi le makgethwana e e dirilweng ke setheo sa lephata la ditsˇhelete se se kailweng mo ditemaneng (b) go ﬁtlha go (h) mo tlhalosong ya ‘‘setheo sa lephata la ditsˇhelete’’ mo karolong 1(1) ya Molao wa Taolo ya Lephata la Ditsˇhelete (mabapi le Disˇejule 2 go ﬁtlha go 6) kgotsa Bothati jwa Tlhokomelo (mabapi le S(cid:323)ejule 1), jaaka go umakilwe mo karolong 239(2) ya Molao wa Taolo ya Lephata la Ditsˇhelete, le tshitsinyo e e rometsweng kwa go Tona go ya ka karolo 239(5) ya Molao oo; (b) go tlhagisa bokao jwa mareo afe a a mo S(cid:323)ejuleng; (c) go laela mabapi le lekgethwana la setheo sa ditsˇhelete se se tlhomilweng ka fa tlase ga karolo 2(2) ya Molao wa Taolo ya Lephata la Ditsˇhelete, kgotsa se se nnang setheo se se okangweng ka ntlha ya tlhabololo ya Molao wa Taolo ya Lephata la Ditsˇhelete kgotsa molao o mongwe wa lephata la ditsˇhelete; (d) go lepanya S(cid:323)ejule le mefuta ya ditheo tse di okangweng le ditiro tse di laotsweng go ya ka Molao wa Taolo ya Lephata la Ditsˇhelete kgotsa molao o mongwe wa lephata la ditsˇhelete; kgotsa (e) go lepanya dikaelo mo S(cid:323)ejuleng le tlhaloso ya ‘‘setheo sa lephata la ditsˇhelete’’ mo karolong 1(1) ya Molao wa Taolo ya Lephata la Ditsˇhelete. (3) Tlhabololo e e bonelwang pele go ya ka karolo eno e akaretsa kemisetso, tsenyo kgotsa phimolo ya S(cid:323)ejule kgotsa karolo ya S(cid:323)ejule. (4) (a) S(cid:323)ejule e ka tlhabololwa ke Tona ka kitsiso mo Lokwalodikgannyeng la Puso go tsenya mo tirisong tlhatlhoso e e kailweng mo temaneng (b), e bile ga e tlhoke go romelwa kwa Palamenteng gore e rebolwe, fela khopi ya kitsiso e tshwanetse go bewa fa pele ga Palamente mabapi le maitlhomo a kitsiso. (b) Go tsamaelana le temana (a), makgethwana mo Disˇejuleng tsa Molao ono a tshwanetse go tlhatlhoswa ka palogare ya Tshupane ya Ditlhotlhwa tsa Badirisi jaaka e phasaladitswe ke Dipalopalo tsa Aforika Borwa mo ngwagatloleng wa alemanaka, ntle le fa Tona ka kitsiso mo Lokwalodikgannyeng la Puso, a ka tlhomamisa gore go se nne le tlhatlhoso kgotsa tlhatlhoso e e kwa tlase ga kelo ya ngwaga ya tlhatlhoso. (c) S(cid:323)ejule e e tlhabolotsweng e e kailweng mo temaneng (a) e tsena mo tirisong ka letlha la phasalatso ya kitsiso mo Lokwalodikgannyeng la Puso. Kgololo mo makgethwaneng 11. (1) (a) Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete bo ka, ka go kwala, ka kopo ya setheo se se okangweng kgotsa boitshimololelo jwa jona, golola setheo se se okangweng kgotsa mofuta kgotsa setlhopha sa ditheo tse di okangweng, mo go dueleng gotlhe kgotsa karolo ya lekgethwana la lephata la ditsˇhelete le le tsepamisitsweng mo Disˇejuleng 2 go ﬁtlha go 5, kgotsa lekgethwana le le kgethegileng le le kailweng mo karolong 8(2)(a), mabapi le ngwaga wa lekgethwana kgotsa karolo ya ngwaga wa lekgethwana. (b) Bothati jwa Tlhokomelo bo ka, ka go kwala, ka kopo ya setheo se se okangweng kgotsa boitshimololelo jwa jona, golola setheo se se okangweng kgotsa mofuta kgotsa setlhopha sa ditheo tse di okangweng, mo go dueleng gotlhe kgotsa karolo ya 5 10 15 20 25 30 35 40 45 50 55 60 This gazette is also available free online at www.gpwonline.co.za
16
No. 47695
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AI-assisted research summary: The Corporation and other named authorities may exempt certain levy payers, if conditions are met, and supervised entities or members must supply required information when applying.

16 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 16 Schedule 1, or the special levy referred to in section 8(2)(b), in respect of a levy year or a part of a levy year. (c) The Corporation may, in writing, on application by a member or on its own initiative, exempt a member or a type or category of members from the payment of all or part of the deposit insurance levy speciﬁed in Schedule 6, in respect of the period referred to in section 9(3), or a part of that period. (2) A supervised entity or a member must, in the application referred to in subsection (1), provide the information that the Financial Sector Conduct Authority, the Prudential Authority or the Corporation, as the case may be, may determine, in the form and manner so determined. (3) The Financial Sector Conduct Authority, the Prudential Authority or the Corporation, as the case may be, may only exempt a supervised entity or a member if the Financial Sector Conduct Authority, the Prudential Authority or the Corporation is satisﬁed that the exemption from the ﬁnancial sector levy, the special levy or the deposit insurance levy— (b) (c) (a) will alleviate undue ﬁnancial or other hardship or prejudice to the supervised entity or member, or ﬁnancial customers due to circumstances outside the control of that supervised entity or member; is not contrary to the public interest; is necessary for— (i) developmental, ﬁnancial inclusion and transformation objectives to facilitate progressive or incremental compliance with the Financial Sector Regulation Act or a ﬁnancial sector law; or (ii) other reasons that may contribute to the achievement of the objects of Financial Sector Regulation Act; and (d) is necessary to facilitate the affordability of the ﬁnancial sector levy, the special levy for the supervised entity or the affordability of the deposit insurance levy for the member. (4) The Financial Sector Conduct Authority, the Prudential Authority and the Corporation must publish, in accordance with the requirements under the Financial Sector Regulation Act, each exemption that is issued by them under this section. Allocation of amounts levied to ﬁnancial sector bodies 12. (1) The Financial Sector Conduct Authority must allocate to a ﬁnancial sector body, referred to in paragraphs (b) to (f) of the deﬁnition of ‘‘ﬁnancial sector body’’ in section 1(1) of the Financial Sector Regulation Act, the amounts received by the Financial Sector Conduct Authority and paid into the account referred to in section 246(2) of the Financial Sector Regulation Act, in respect of supervised entities liable to pay the ﬁnancial sector levy and the special levy for the levy year or levy period. (2) (a) The ﬁnancial sector levy amount that must be allocated by the Financial Sector Conduct Authority to the— (i) Financial Sector Conduct Authority, is the amount determined in accordance with section 4, in respect of Schedule 2; (ii) Tribunal, is the amount determined in accordance with section 4, in respect of Schedule 3; 5 10 15 20 25 30 35 40 (iii) Ombud Council, is the amount determined in accordance with section 4, in 45 respect of Schedule 4; and (iv) Office of the Pension Funds Adjudicator and the Office of the Ombud for Financial Services Providers, is the amount determined in accordance with section 4, in respect of Schedule 5. (b) The ﬁnancial sector levy amount that is collected by the Reserve Bank and allocated to the Prudential Authority, is the sum of the amounts payable by supervised entities to the Prudential Authority, referred to in section 4(1)(b). 50 (3) (a) The special levy amount that must be allocated by the Financial Sector Conduct Authority in respect of each ﬁnancial sector body, referred to in subsection (1), This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 17 17 lekgethwana la lephata la ditsˇhelete le le tsepamisitsweng mo S(cid:323)ejuleng 1, kgotsa lekgethwana le le kgethegileng le le kailweng mo karolong 8(2)(b), mabapi le ngwaga wa lekgethwana kgotsa karolo ya ngwaga wa lekgethwana. (c) Koporasi e ka, ka go kwala, ka kopo ya tokololo kgotsa boitshimololelo jwa yona, golola tokololo kgotsa mofuta kgotsa setlhopha sa ditokololo mo go dueleng gotlhe kgotsa karolo ya lekgethwana la insˇorense ya tipositi e e tsepamisitsweng mo S(cid:323)ejuleng 6, mabapi le paka e e kailweng mo karolong 9(3), kgotsa karolo ya paka eo. (2) Setheo se se okangweng kgotsa tokololo e ka, mo kopong e e kailweng mo karolotlaleletsong (1), tlamela tshedimosetso e Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete, Bothati jwa Tlhokomelo, go ya ka mo go leng ka teng, bo ka e tlhomamisang, ka mofuta le mokgwa o e o tlhomamisitseng. (3) Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete, Bothati jwa Tlhokomelo kgotsa Koporasi, go ya ka mo go leng ka teng, e ka golola fela setheo se se okangweng kgotsa tokololo fa Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete, Bothati jwa Tlhokomelo kgotsa Koporasi e kgotsofaditswe ke gore kgololo mo lekgethwaneng la lephata la ditsˇhelete, lekgethwana le le kgethegileng kgotsa lekgethwana la insˇorense ya tipositi— (a) e tla tlosa tshokolo e e feteletseng ya ditsˇhelete kgotsa tshokolo e nngwe kgotsa kgobelelo mo setheong se se okangweng kgotsa mo tokololong, kgotsa mo barekeding ba ditsˇhelete ka ntlha ya mabaka a a seng mo taolong a setheo seo se se okangweng kgotsa a tokololo; (b) ga e kgatlhanong le dikgatlhego tsa setsˇhaba; (c) e a tlhokega mabapi le— (i) kgolo, kakaretso ya matlotlo le maitlhomo a phetolo go nolofatsa kobamelo e e tswelang pele kgotsa e e oketsegileng ya Molao wa Taolo ya Lephata la Ditsˇhelete kgotsa molao wa lephata la ditsˇhelete; kgotsa (ii) mabaka a mangwe a a karotloetsang phitlhelelo ya maitlhomo a Molao wa Taolo ya Lephata la Ditsˇhelete; e bile (d) e a tlhokega go nolofatsa bokgoni jwa go duela lekgethwana la lephata la ditsˇhelete, lekgethwana le le kgethegileng la setheo se se okangweng kgotsa bokgoni jwa go duelela tokololo lekgethwana la insˇorense ya tipositi. (4) Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete, Bothati jwa Tlhokomelo le Koporasi di tshwanetse go phasalatsa, go tsamaelana le ditlhokego tse di ka fa tlase ga Molao wa Taolo ya Lephata la Ditsˇhelete, kgololo nngwe le nngwe e e rebotsweng ke tsona ka fa tlase ga karolo eno. Kabo ya makgethwana a a duediswang go setheo sa lephata la ditsˇhelete 12. (1) Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete bo tshwanetse go abela setheo sa lephata la ditsˇhelete, se se kailweng mo ditemaneng (b) go ﬁtlha go (f) mo tlhalosong ya ‘‘setheo sa lephata la ditsˇhelete’’ mo karolong 1(1) ya Molao wa Taolo ya Lephata la Ditsˇhelete, madi a a amogetsweng ke Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete le go duelwa mo akhaontong e e kailweng mo karolong 246(2) ya Molao wa Taolo ya Lephata la Ditsˇhelete, mabapi le ditheo tse di okangweng tse di rwalang maikarabelosemolao go duela lekgethwana la lephata la ditsˇhelete mabapi le ngwaga wa lekgethwana kgotsa paka ya lekgethwana. 5 10 15 20 25 30 35 40 (2) (a) Madi a lekgethwana la lephata la ditsˇhelete a a tshwanetseng go abiwa ke 45 Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete go— (i) Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete, ke tlhotlhwa e e tlhomamisitsweng go ya ka karolo 4, mabapi le S(cid:323)ejule 2; (ii) Lekgotla, ke tlhotlhwa e e tlhomamisitsweng go ya ka karolo 4, mabapi le S(cid:323)ejule 3; (iii) Khansele ya Ombud, ke tlhotlhwa e e tlhomamisitsweng go ya ka karolo 4, mabapi le S(cid:323)ejule 4; le (iv) Oﬁsi ya Moatlhodi wa Matlole a Phensˇene le Oﬁsi ya Ombud wa Batlamedi ba Ditirelo tsa Ditsˇhelete, ke tlhotlhwa e e tlhomamisitsweng go ya ka karolo 4, mabapi le S(cid:323)ejule 5. (b) Madi a lekgethwana la lephata la ditsˇhelete a a kgobokantsweng ke Banka ya Resefe le go abelwa Bothati jwa Tlhokomelo, ke palogotlhe ya madi a a duelwang ke ditheo tse di okangweng kwa Bothating jwa Tlhokomelo, jo bo kailweng mo karolong 4(1)(b). 50 55 (3) (a) Madi a lekgethwana la lephata la ditsˇhelete a a tshwanetseng go abiwa ke Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete mabapi le setheo sengwe le sengwe sa 60 This gazette is also available free online at www.gpwonline.co.za

Part

SCHEDULE 6

11
Kgololo mo makgethwaneng
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AI-assisted research summary: Section 11 is titled “Kgololo mo makgethwaneng.”

11. Kgololo mo makgethwaneng
12
Kabo ya makgethwana a a duediswang go setheo sa lephata la ditsˇhelete
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AI-assisted research summary: This section introduces schedules and gives definitions for terms used in the Act.

12. Kabo ya makgethwana a a duediswang go setheo sa lephata la ditsˇhelete 13. Setlhogo se sekhutshwane le tshimololo S(cid:323)EJULE 1 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE BOTHATI JWA TLHOKOMELO S(cid:323)EJULE 2 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE BOTHATI JWA BOITSHWARO JWA LEPHATA LA DITS(cid:323)HELETE S(cid:323)EJULE 3 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE LEKGOTLA S(cid:323)EJULE 4 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE KHANSELE YA OMBUD S(cid:323)EJULE 5 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE DIKEMA TSA OMBUD TSA SEMOLAO S(cid:323)EJULE 6 LEKGETHWANA LA INS(cid:323)ORENSE YA TIPOSITI 5 10 15 20 25 Ditlhaloso le thanolo 1. (1) Mo Molaong ono, ntle le fa bokao bo kaya ka mokgwa osele— ‘‘botsereganyi jo bo amanang’’ bo kaya botsereganyi jo bo amanang, jaaka bo 30 tlhalositswe mo karolong 1(1) ya Financial Markets Act; ‘‘banka’’ e kaya banka, jaaka e tlhalositswe mo karolong 1(1) ya Banks Act; ‘‘lekala’’ le kaya lekala, jaaka le tlhalositswe mo karolong 1(1) ya Banks Act; ‘‘setheogare sa botsereganyi’’ se kaya setheogare sa botsereganyi, jaaka se tlhalositswe mo karolong 1(1) ya Financial Markets Act se se rebotsweng go ya ka karolo 110 ya Molao go dira ditiro tsa setheogare sa botsereganyi; ‘‘setheogare sa polokelothoto ya matlotlo’’ se kaya setheogare sa polokelothoto ya matlotlo, jaaka se tlhalositswe mo karolong 1(1) ya Financial Markets Act; ‘‘sekematsadisotlhakanelo mo letlolepeeletsomorokotsogolong’’ se kaya sekema- tsadisotlhakanelo se se tlhomamisitsweng go nna sekematsadisotlhakanelo go ya ka karolo 63 ya Collective Investment Schemes Control Act, 2002 (Molao 45 wa 2002), le go tsamaiswa ke molaodi yo o kwadisitsweng go ya ka Molao oo; ‘‘sekematsadisotlhakanelo mo peeletsotlhakanelong’’ se kaya sekematsadisotlha- kanelo sa mofuta o o kailweng mo Karolong VI ya Collective Investment Schemes Control Act, 2002, le go tsamaiswa ke molaodi yo o kwadisitsweng go ya ka Molao oo; ‘‘sekematsadisotlhakanelo mo thotong’’ se kaya sekematsadisotlhakanelo sa mofuta o o kailweng mo Karolong V ya Collective Investment Schemes Control Act, 2002, le go tsamaiswa ke molaodi yo o kwadisitsweng go ya ka Molao oo; 35 40 45 This gazette is also available free online at www.gpwonline.co.za
6
No. 47695
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AI-assisted research summary: This section defines terms used in the Act, including levy-related terms.

6 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 6 ‘‘collective investment scheme in securities’’ means a collective investment scheme of a kind referred to in Part IV of the Collective Investment Schemes Control Act, 2002, and administered by a manager registered in terms of that Act; ‘‘co-operative bank’’ means a co-operative bank, as deﬁned in section 1(1) of the Co-operative Banks Act, 2007 (Act No. 40 of 2007); 5 ‘‘covered deposit’’ means a covered deposit, as deﬁned in section 1(1) of the Financial Sector Regulation Act; ‘‘credit rating agency’’ means a credit rating agency, as deﬁned in section 1(1) of the Credit Rating Services Act, 2012 (Act No. 24 of 2012); ‘‘deposit insurance levy’’ means the levy imposed under section 9(1); ‘‘exchange’’ means an exchange, as deﬁned in section 1(1) of the Financial Markets 10 Act; ‘‘Financial Markets Act’’ means the Financial Markets Act, 2012 (Act No. 19 of 2012); ‘‘ﬁnancial sector levy’’ means the levy imposed under section 2(1); ‘‘Financial Sector Regulation Act’’ means the Financial Sector Regulation Act, 15 2017 (Act No. 9 of 2017); ‘‘ﬁnancial services provider’’ means a ﬁnancial services provider, as deﬁned in section 1(1) of the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002), and a reference to a speciﬁc category of ﬁnancial services provider means the category determined in terms of section 6A of that Act; ‘‘foreign collective investment scheme’’ means a collective investment scheme of the type referred to in Part VIII of the Collective Investment Schemes Control Act, 2002; ‘‘independent clearing house’’ means an independent clearing house, as deﬁned in section 1(1) of the Financial Markets Act; ‘‘Insurance Act’’ means the Insurance Act, 2017 (Act No. 18 of 2017); ‘‘insurer’’ means an insurer as deﬁned in section 1(1) of the Insurance Act; ‘‘levy period’’ means the period stipulated in section 6; ‘‘levy year’’ means the period stipulated in section 5; ‘‘life insurer’’ means an insurer conducting life insurance business, as deﬁned in 20 25 30 section 1(1) of the Insurance Act; ‘‘Lloyd’s’’ means the association of persons generally known as Lloyd’s, which is incorporated by the Lloyd’s Act of 1871 (34 Vict. C21), passed by the Parliament of the United Kingdom of Great Britain and Northern Ireland; ‘‘member’’ means a member of the Corporation, in accordance with section 166AG 35 of the Financial Sector Regulation Act; ‘‘microinsurer’’ means an insurer conducting microinsurance business, as deﬁned in section 1(1) of the Insurance Act; ‘‘mutual bank’’ means a mutual bank, as deﬁned in section 1(1) of the Mutual Banks Act, 1993 (Act No. 124 of 1993); ‘‘non-life insurer’’ means an insurer conducting non-life insurance business, as deﬁned in section 1(1) of the Insurance Act; ‘‘occupational fund’’ means a fund, as deﬁned in section 1(1) of the Pension Funds Act, 1956 (Act No. 24 of 1956), and established by an employer, as deﬁned in section 1(1) of that Act, for the beneﬁt of its employees; ‘‘Office of the Ombud for Financial Services Providers’’ means the Office established in terms of section 20(1) of the Financial Advisory and Intermediary Services Act, 2002; ‘‘Office of the Pension Funds Adjudicator’’ means the Office established in terms of section 30B of the Pension Funds Act, 1956; 40 45 50 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 7 7 ‘‘sekematsadisotlhakanelo mo polokelothotong kaya sekematsadisotlhakanelo sa mofuta o o kailweng mo Karolong IV ya Collective Investment Schemes Control Act, 2002, le go tsamaiswa ke molaodi yo o kwadisitsweng go ya ka Molao oo; ya matlotlo’’ se ‘‘bankatirisanommogo’’ e kaya bankatirisanommogo, jaaka e tlhalositswe mo 5 karolong 1(1) ya Co-operative Banks Act, 2007 (Molao 40 wa 2007); ‘‘tipositi e e sireleditsweng’’ e kaya tipositi e e sireleditsweng, jaaka e tlhalositswe mo karolong 1(1) ya Molao wa Taolo ya Lephata la Ditsˇhelete; ‘‘eijensi ya tekanyetsomolato’’ e kaya eijensi ya tekanyetsomolato, jaaka e tlhalositswe mo karolong 1(1) ya Credit Rating Services Act, 2012 (Molao 24 wa 2012); ‘‘lekgethwana la insˇorense ya tipositi’’ le kaya lekgethwana le le duediswang ka fa 10 tlase ga karolo 9(1); ‘‘kananyo’’ e kaya kananyo, jaaka e lhalositswe mo karolong 1(1) ya Financial Markets Act; ‘‘Financial Market Act’’ e kaya Financial Markets Act, 2012 (Molao 19 wa 2012); ‘‘lekgethwana la lephata la ditsˇhelete’’ le kaya lekgethwana le le duediswang ka fa 15 tlase ga karolo 2(1); ‘‘Molao wa Taolo ya Lephata la Ditsˇhelete’’ o kaya Molao wa Taolo ya Lephata la Ditsˇhelete, 2017 (Molao 9 wa 2017); ‘‘motlamedi wa ditirelo tsa ditsˇhelete’’ o kaya motlamedi wa ditirelo tsa ditsˇhelete, jaaka a tlhalositswe mo karolong 1(1) ya Financial Advisory and Intermediary Services Act, 2002 (Molao 37 wa 2002), le kaelo go mofuta o o rileng wa botlamedi jwa ditirelo tsa ditsˇhelete e kaya mofuta o o tlhomamisitsweng go ya ka karolo 6A ya Molao oo; ‘‘sekematsadisotlhakanelo sa boditsˇhaba’’ se kaya sekematsadisotlhakanelo sa mofuta o o kailweng mo Karolong VIII ya Collective Investment Schemes Control Act, 2002; ‘‘botsereganyi jo bo ikemetseng’’ bo kaya botsereganyi jo bo ikemetseng, jaaka bo 20 25 tlhalositswe mo karolong 1(1) ya Financial Markets Act; ‘‘Insurance Act’’ e kaya Insurance Act, 2017 (Molao 18 wa 2017); ‘‘setlamotshireletso’’ se kaya setlamotshireletso jaaka se tlhalositswe mo karolong 30 1(1) ya Insurance Act; ‘‘paka ya lekgethwana’’ e kaya paka e e beilweng mo karolong 6; ‘‘ngwaga wa lekgethwana’’ o kaya paka e e beilweng mo karolong 5; ‘‘setlamotshireletsotshelo’’ se kaya setlamotshireletso se se dirang kgwebo ya tshireletsotshelo, jaaka go tlhalositswe mo karolong 1(1) ya Insurance Act; ‘‘Lloyd’s’’ e kaya setlamo se se itsegeng ka kakaretso jaaka Lloyd’s, se se tsenyeleditsweng mo Lloyd’s Act of 1871 (34 Vict. C21), le go amogelwa ke Palamente ya United Kingdom ya Great Britain le Northern Ireland; ‘‘tokololo’’ e kaya tokololo ya Koporasi, go tsamaelana le karolo 166AG ya Molao wa Taolo ya Lephata la Ditsˇhelete; 35 40 ‘‘setlamotshireletsopotlana’’ se kaya setlamotshireletso se se dirang kgwebo ya tshireletsopotlana, jaaka se tlhalositswe mo karolong 1(1) ya Insurance Act; ‘‘bankatlhakanelo’’ e kaya bankatlhakanelo, jaaka e tlhalositswe mo karolong 1(1) ya Mutual Banks Act, 1993 (Molao 124 wa 1993); ‘‘setlamotlhokatshireletsotshelo’’ se kaya setlamotshireletso se se dirang kgwebo e 45 e seng ya tshireletsotshelo, jaaka se tlhalositswe mo karolong 1(1) ya Insurance Act; ‘‘letlole la tiro’’ le kaya letlole, jaaka le tlhalositswe mo karolong 1(1) ya Pension Funds Act, 1956 (Molao 24 wa 1956), le go tlhongwa ke mothapi, jaaka go tlhalositswe mo karolong 1(1) ya Molao oo, mabapi le kunomolemo ya badiri; ‘‘Oﬁsi ya Ombud wa Batlamedi ba Ditirelo tsa Ditsˇhelete’’ e kaya Oﬁsi e e tlhomilweng go ya ka karolo 20(1) ya Financial Advisory and Intermediary Services Act, 2002; ‘‘Oﬁsi ya Boatlhodi jwa Matlole a Phensˇene’’ e kaya Oﬁsi e e tlhomilweng go ya ka karolo 30B ya Pension Funds Act, 1956; ‘‘motlamedikonterakatlotlotlhokatsereganyo’’ o kaya motlamedikonterakatlotlo- tlhokatsereganyo yo o tlhomamisitsweng ke Tona jaaka motho yo o laotsweng go ya ka karolo 5(1)(b) ya Financial Markets Act; ‘‘letlole la phensˇene’’ le kaya setlamo sa letlole la phensˇene, jaaka go tlhalositswe mo karolong 1(1) ya Pension Funds Act, 1956; 50 55 ‘‘motsamaisi wa letlole la phensˇene’’ o kaya motsamaisi, jaaka go tlhalositswe mo 60 karolong 1(1) ya Pension Funds Act, 1956; ‘‘letlolepolokelo la phensˇene’’ le kaya letlolepolokelo la phensˇene, jaaka le tlhalositswe mo karolong 1(1) ya Pension Funds Act, 1956; This gazette is also available free online at www.gpwonline.co.za
8
No. 47695
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AI-assisted research summary: This section says a financial sector levy must be charged and paid, and a special levy must also be charged and paid, in accordance with the Act.

8 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 8 ‘‘over-the-counter derivative provider’’ means an over-the-counter derivative provider declared by the Minister as a regulated person in terms of section 5(1)(b) of the Financial Markets Act; ‘‘pension fund’’ means a pension fund organisation, as deﬁned in section 1(1) of the Pension Funds Act, 1956; 5 ‘‘pension fund administrator’’ means an administrator, as deﬁned in section 1(1) of the Pension Funds Act, 1956; ‘‘pension preservation fund’’ means a pension preservation fund, as deﬁned in section 1(1) of the Pension Funds Act, 1956; ‘‘provident preservation fund’’ means a provident preservation fund, as deﬁned in 10 section 1(1) of the Pension Funds Act, 1956; ‘‘reinsurer’’ means a reinsurer, as deﬁned in section 1(1) of the Insurance Act; ‘‘representative’’ means a representative, as deﬁned in section 1(1) of the Financial Advisory and Intermediary Services Act, 2002; ‘‘retirement annuity fund’’ means a retirement annuity fund, as deﬁned in section 15 1(1) of the Pension Funds Act, 1956; ‘‘Road Accident Fund’’ means the fund established by section 2(1) of the Road Accident Fund Act, 1996 (Act No. 56 of 1996); ‘‘special levy’’ means the levy imposed under section 2(2); ‘‘supervised entity’’ means a ﬁnancial institution envisaged in paragraph (a) of the deﬁnition of ‘‘supervised entity’’ in section 1(1) of the Financial Sector Regulation Act of the types listed in Schedules 1 to 6; and ‘‘trade repository’’ means a trade repository, as deﬁned in section 1(1) of the Financial Markets Act. (2) Unless the context indicates otherwise, words and expressions not deﬁned in subsection (1) and that have been deﬁned in the Financial Sector Regulation Act have the meaning ascribed to them in that Act. (3) The Schedules to this Act apply in relation to the supervised entities that are speciﬁed in item 1 of each Schedule. Part A Financial sector levy and special levy 20 25 30 Imposition of levies 2. (1) A levy, known as the ﬁnancial sector levy, must be charged and paid in accordance with section 3. (2) In addition to the ﬁnancial sector levy imposed under subsection (1), a special levy 35 must be charged and paid in accordance with section 8. Supervised entities subject to ﬁnancial sector levy
58
No. 47695
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AI-assisted research summary: 58 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 9 FEbRuARIE 2022 No. 47695 59 This gazette is also available free online at www.gpwonline.co.za

58 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 9 FEbRuARIE 2022 No. 47695 59 This gazette is also available free online at www.gpwonline.co.za
60
No. 47695
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AI-assisted research summary: This text is a Government Gazette header and does not state a substantive legal rule.

60 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 This gazette is also available free online at www.gpwonline.co.zaPrinted by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001Contact Centre Tel: 012-748 6200. eMail: info.egazette@gpw.gov.zaPublications: Tel: (012) 748 6053, 748 6061, 748 6065

Part

Schedule 3;

18
No. 47695
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AI-assisted research summary: Interest on unpaid levy amounts must be allocated to the relevant bodies, and the Minister determines when the Act starts.

18 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 18 is an amount equal to 7.5 per cent of the ﬁnancial sector levy amount allocated to that ﬁnancial sector body in terms of subsection (2)(a). (b) The special levy amount that is collected by the Reserve Bank and allocated to the Prudential Authority is the sum of the amounts payable by supervised entities to the Prudential Authority, referred to in section 8(2)(b). (4) The deposit insurance levy amount that is collected by the Reserve Bank and allocated to the Corporation is the sum of the amounts payable by members to the Corporation, referred to in section 9. (5) (a) Interest on unpaid ﬁnancial sector levy, special levy or deposit insurance levy amounts must be determined in accordance with section 244 of the Financial Sector Regulation Act. (b) Interest on unpaid amounts payable by supervised entities, referred to in subsections (2)(a) and (3)(a), must be allocated by the Financial Sector Conduct Authority to the ﬁnancial sector body, referred to in subsections (2)(a) and (3)(b), to whose allocation the interest on unpaid ﬁnancial sector levy or special levy amounts relates. (c) Interest on unpaid amounts payable by supervised entities, referred to in subsections (2)(b) and (3)(b), that is collected by the Reserve Bank, must be allocated to the Prudential Authority. 5 10 15 (d) Interest on unpaid amounts payable by members, referred to in subsection (4), that 20 is collected by the Reserve Bank, must be allocated to the Corporation. Short title and commencement 13. (1) This Act is called the Financial Sector and Deposit Insurance Levies Act, 2022, and comes into effect on a date determined by the Minister by notice in the Gazette. (2) Different dates may be determined by the Minister in respect of the coming into 25 effect of different provisions of this Act. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 19 19 lephata la ditsˇhelete, se se kailweng mo karolotlaleletsong (1), ke madi a a lekanang le diphesente tse 7.5 tsa madi a lekgethwana la lephata la ditsˇhelete a a abetsweng setheo seo sa lephata la ditsˇhelete go ya ka karolotlaleletso (2)(a). (b) Madi a lekgethwana le le kgethegileng a a kgobokanngwang ke Banka ya Resefe le go abelwa Bothati jwa Tlhokomelo ke palogotlhe ya madi a a duelwang ke ditheo tse di okangweng go Bothati jwa Tlhokomelo, jo bo kailweng mo karolong 8(2)(b). (4) Madi a lekgethwana la insˇorense ya tipositi a a kgobokanngwang ke Banka ya Resefe le go abelwa Koporasi ke palogotlhe ya madi a a duelwang ke ditokololo kwa Koporasing, e e kailweng mo karolong 9. (5) (a) Morokotso wa madi a lekgethwana le le sa duelwang la lephata la ditsˇhelete, lekgethwana le le kgethegileng kgotsa lekgethwana la insˇorense ya tipositi a tshwanetse go tlhomamiswa go tsamaelana le karolo 244 ya Molao wa Taolo ya Lephata la Ditsˇhelete. (b) Morokotso wa madi a a saduelwang a a duelwang ke ditheo tse di okangweng, tse di kailweng mo dikarolotlaleletsong (2)(a) le (3)(a), a tshwanetse go abelwa setheo sa lephata la ditsˇhelete, se se kailweng mo dikarolotlaleletsong (2)(a) and (3)(b) ke Bothati jwa Boitshwaro jwa Lephata la Ditsˇhelete, se se angwang ke kabo ya morokotso wa madi a a sa duelwang mo lekgethwaneng la lephata la ditsˇhelete kgotsa lekgethwana le le kgethegileng. (c) Morokotso wa madi a a saduelwang a a duelwang ke ditheo tse okangweng, tse di kailweng mo dikarolotlaleletsong (2)(b) and (3)(b), a a kgobokanngwang ke Banka ya Resefe, a tshwanetse go abelwa Bothati jwa Tlhokomelo. (d) Morokotso wa madi a a saduelwang a a duelwang ke ditokololo, tse di kailweng mo karolotlaleletsong (4), a a kgobokanngwang ke Banka ya Resefe, a tshwanetse go abelwa Koporasi. 5 10 15 20 25 Setlhogo se sekhutshwane le tshimololo 13. (1) Molao ono o bidiwa Molao wa Makgethwana a Lephata la Ditsˇhelete le Insˇorense ya Tipositi, 2022, e bile o tla tsenngwa mo tirisong ka letlha le le tlhomamisitsweng ke Tona ka kitsiso mo Lokwalodikgannyeng la Puso. (2) Matlha a a farologaneng a ka tlhomamiswa ke Tona mabapi le go tsenngwa mo 30 tirisong ga ditaelo tse di farologaneng tsa Molao ono. This gazette is also available free online at www.gpwonline.co.za
20
No. 47695
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AI-assisted research summary: This section is the application note for Schedule 1, which sets out financial sector levy calculation for supervised entities in respect of the Prudential Authority.

20 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 20 SCHEDULE 1 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF PRUDENTIAL AUTHORITY Application (Section 4(1)(b))

Part

SCHEDULE 1

1
Table A must be applied to calculate the levy payable by a supervised entity that
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AI-assisted research summary: Table A must be used to calculate the levy payable by certain supervised entities.

1. Table A must be applied to calculate the levy payable by a supervised entity that is— (a) a bank or a branch; (b) a co-operative bank; (c) a mutual bank; (d) a non-life insurer; (e) a life insurer; (f) Lloyd’s; (g) a microinsurer; (h) an exchange; (i) (j) (k) (l) (m) an external central counterparty; (n) a trade repository; (o) an external trade repository; (p) an over-the-counter derivative provider; or (q) a central securities depository; an independent clearing house; an associated clearing house; a central counterparty; the Road Accident Fund. Alleviation of double levy payment in respect of clearing house
2
A clearing house that is approved in terms of section 110(6) of the Financial
Verify source ↗

AI-assisted research summary: Some clearing houses must pay the levy for a central counterparty, and they do not pay the levy for an associated clearing house or an independent clearing house.

2. A clearing house that is approved in terms of section 110(6) of the Financial Markets Act to perform the functions of a central counterparty or a licensed independent clearing house who is also licensed as a central counterparty is liable to pay the levy applicable to a central counterparty, but is not liable to pay the levy applicable to an associated clearing house or an independent clearing house. Levy payment in respect of reinsurer
3
A reinsurer that is licensed under the Insurance Act for—
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AI-assisted research summary: A licensed reinsurer must pay the levy based on whether it writes non-life business, life business, or both.

3. A reinsurer that is licensed under the Insurance Act for— (a) non-life insurance business only, must pay the levy as if that reinsurer was a (b) non-life insurer; life insurance business, must pay the levy as if that reinsurer was a life insurer; or (c) both life insurance business and non-life insurance business, must pay the levy separately for the life insurance business and non-life insurance business. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 21 21 S(cid:323)EJULE 1 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE BOTHATI JWA TLHOKOMELO Tiriso (Karolo 4(1)(b))
1
Lenane A le tshwanetse go diriswa go bala lekgethwana le le duelwang ke setheo
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AI-assisted research summary: Lenane A tshwanetse go dirisiwa go bala lekgethwana le le duelwang ke ditheo le mekgatlho e e thathamisitsweng mo provisioneng.

1. Lenane A le tshwanetse go diriswa go bala lekgethwana le le duelwang ke setheo setlamotlhokatshireletsotshelo; setlamotshireletsotshelo; se se okangweng seo e leng— (a) banka kgotsa lekala; (b) bankatirisanommogo; (c) bankatlhakanelo; (d) (e) (f) Lloyd’s; (g) (h) kananyo; (i) (j) (k) botsereganyi jo bo amanang; (l) (m) setheogare sa botsereganyi sa kwa ntle; (n) (o) setheogare sa polokelothoto ya matlotlo; botsereganyi jo bo ikemetseng; setheogare sa botsereganyi; setlamotshireletsopotlana; setheo se se tsholang direkoto tsa motlamedikonterakatlotlotlhokatsereganyo; setheo se se tsholang direkoto tsa motlamedikonterakatlotlotlhokatsereganyo sa kwa ntle; (p) motlamedikonterakatlotlotlhokatsereganyo; kgotsa (q) Letlole la Dikotsi tsa mo Mebileng. Phokotso ya tuelosebedi ya lekgethwana mabapi le botsereganyi
2
Botsereganyi jo bo rebotsweng go ya ka karolo 110(6) ya Financial Markets Act go
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AI-assisted research summary: A licensed intermediary appointed under section 110(6) must pay the applicable levy when acting as a central or independent intermediary.

2. Botsereganyi jo bo rebotsweng go ya ka karolo 110(6) ya Financial Markets Act go dira ditiro tsa setheogare sa botsereganyi kgotsa botsereganyi jo bo ikemetseng jo bo abetsweng laesense jaaka setheogare sa botsereganyi bo rwala maikarabelosemolao a go duela lekgethwana le le maleba kwa botsereganying jo bo amanang kgotsa kwa botsereganying jo bo ikemetseng. Tuelo ya lekgethwana mabapi le setlamotshireletsosesˇwa
3
Setlamotshireletsosesˇwa se se abetsweng laesense ka fa tlase ga Insurance Act
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AI-assisted research summary: A licensed company under the Insurance Act must pay tax according to whether it carries on life assurance, non-life assurance, or both.

3. Setlamotshireletsosesˇwa se se abetsweng laesense ka fa tlase ga Insurance Act mabapi le— (a) kgwebo ya setlamotlhokatshireletsotshelo fela, se tshwanetse go duela lekgethwana jaaka e kete setlamotshireletsosesˇwa seo e ne e le setlamotlho- katshireletsotshelo; (b) kgwebo ya setlamotshireletsotshelo, se tshwanetse go duela lekgethwana jaaka e kete setlamotshireletsosesˇwa e ne e le setlamotshireletsotshelo; kgotsa (c) ka bobedi dikgwebo tsa setlamotshireletsotshelo le setlamotlhokatshireletso- tshelo, se tshwanetse go duela lekgethwana ka kgaogano mabapi le kgwebo ya setlamotshireletsotshelo le kgwebo ya setlamotlhokatshireletsotshelo. This gazette is also available free online at www.gpwonline.co.za
22
No. 47695
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AI-assisted research summary: Table A sets levy amounts for banks, co-operative banks, and mutual banks, with no levy if liabilities stay below specified thresholds.

22 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 22 TABLE A Type of supervised entity Bank or branch Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) One 50 000 0.01062% x A Co-operative bank One 1 000 0.005% x A Mutual bank One 2 000 0.005% x A Description of variable Formula Maximum (Rands) 45 000 000 Levy = Base amount + Variable Amount 5 000 Levy = Base amount + Variable amount No levy is charged if A does not exceed R2 000 000 500 000 Levy = Base amount + Variable Amount No levy is charged if A does not exceed R3 000 000 A = total liabilities as at 30 June of the preceding levy year as reported in the BA100, or total liabilities as reported in the previous ﬁnancial statements published in terms of the International Financial Reporting Standards (IFRS) (if ﬁrst not available) A = total liabilities as at 30 June of the preceding levy year as reported in terms of sec- tion 22 of the Co-operative Banks Act, 2007, or total liabilities as reported in previous ﬁ- nancial state- ments (if ﬁrst not available) A = total liabilities as at 30 June of the preceding levy year as reported in terms of DI 100 or total liabili- ties as re- ported in previous ﬁnancial statements published in terms of the IFRS (if ﬁrst not available) This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 23 23 LENANE A Mofuta wa setheo se se okangweng Palo ya dituelo mo ngwageng wa lekge- thwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Tlhaloso ya pharologano Fomula Nngwe 50 000 0.01062% x A A = palogotlhe Makisi- mamo (Diranta) 45 000 000 Banka kgotsa lekala Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e Farologanang Bankatirisa- nommogo Nngwe 1 000 0.005% x A Bankatlha- kanelo Nngwe 2 000 0.005% x A ya melato yotlhe ka di 30 Seetebosigo ngwagatlola wa lekgethwana jaaka go begilwe mo BA100, kgotsa palogotlhe ya melato jaaka go begilwe mo dikanegong tsa ditsˇhelete tse di fetileng tse di phasaladitsweng go ya ka Maemo a go Bega Matlotlo a Boditsˇhabatsˇhaba (IFRS) (fa ya ntlha e seyo) A = palogotlhe ya melato yotlhe ka di 30 Seetebosigo ngwagatlola wa lekgethwana jaaka go begilwe go ya ka karolo 22 ya Coopera- tive Banks Act, 2007, kgotsa palogotlhe ya melato jaaka go begilwe mo dikanegong tse di fetileng tsa ditsˇhelete (fa ya ntlha e seyo) A = palogotlhe ya melato yotlhe ka di 30 Seetebosigo ngwagatlola wa lekgethwana jaaka go begilwe go ya ka DI 100 kgotsa palogotlhe ya melato jaaka go begilwe mo dikanegong tse di fetileng tsa ditsˇhelete tse di phasaladitsweng mo IFRS (fa ya ntlha e seyo) 5 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farolo- ganang Lekgethwana ga le duedi- siwe fa A e sa fete R2 000 000 500 000 Lekgethwana = Tlhotlhwa ya motheo +Tlhotlhwa e e farolo- ganang Lekgethwana ga le duedisiwe fa A e sa fete R3 000 000 This gazette is also available free online at www.gpwonline.co.za
24
No. 47695
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AI-assisted research summary: This section sets levy amounts and formulas for non-life insurers, Lloyd’s, and life insurers.

24 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 Type of supervised entity Non-life Insurer and Lloyd’s 24 Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) Description of variable Formula Maximum (Rands) One 12 500 V1 = 0.155% x B V2 = 0.047% x C B = Gross written pre- miums below R60 million C = Gross written pre- miums above R60 million Gross written premiums as stated in the most recent annual Quan- titative Return Tem- plate submit- ted to the Prudential Authority in respect of the year preced- ing the levy year, in ac- cordance with the pre- scribed re- quirements Levy = Base amount + V1 + V2 15 000 000 30 000 000 Levy = Base amount + Variable amount Life insurer One 50 000 0.0025% x D D = gross best estimate liabilities or technical provisions as a whole, ad- justed to an absolute value per line of business as reported in the most re- cent annual Quantitative Return Tem- plate submit- ted to the Prudential Authority in respect of the year preced- ing the levy year, in ac- cordance with the pre- scribed re- quirements This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 25 25 Mofuta wa setheo se se okangweng Setlamot- shireletso- tlhokatshelo le Lloyd’s Palo ya dituelo mo ngwageng wa lekge- thwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Nngwe 12 500 V1 = 0.155%x B V2 = 0.047%x C Makisi- mamo (Diranta) 15 000 000 Tlhaloso ya pharologano Fomula Lekgethwana = Tlhotlhwa ya motheo + V1+ V2 B = Palogotlhe ya dituelo tse di kwetsweng tse di ka fa tlase ga R60 milione C = Palogotlhe ya dituelo tse di kwetsweng tse di ka fa tlase ga R60 milione Palogotlhe ya dituelo tse di kwetsweng jaaka go tlhagisitswe mo Thempo- leiteng ya Dipoelo tsa Dipalopalo ya gajaana e e rometsweng kwa Bothating jwa Tlhokomelo mabapi le ngwa- ga o o tlang pele ga ngwaga wa lekgethwana, go tsamaelana le ditlhokego tse di beilweng 30 000 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farologanang Setlamo- tshireletso- tshelo Nngwe 50 000 0.0025% x D D = palogotlhe ya phopholetso e e maleba ya melato kgotsa ditaelo tsa sete- geniki di feletse, di fetoletswe mo palong e le nosi go ya ka mofuta wa kgwebo jaaka go begilwe mo Thempoleiteng ya Dipoelo tsa Dipalopalo ya gajaana e e rometsweng kwa Bothating jwa Tlhokomelo mabapi le ngwa- ga o o tlang pele ga ngwaga wa lekgethwana, go tsamaelana le ditlhokego tse di beilweng This gazette is also available free online at www.gpwonline.co.za
26
No. 47695
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AI-assisted research summary: This section lists levy amounts and formulas for different supervised entities.

26 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 26 Type of supervised entity Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) Description of variable Formula Maximum (Rands) One 5 000 V1 = 0.1016% x E V2 = 0.0308% x F Microinsurer (life insur- ance business only, non-life insurance business only, both life insurance business and non-life in- surance busi- ness or reinsurance business) Exchange Four 50 000 0.000023% x G Central securities depository Independent clearing house Associated clearing house Four 100 000 0.000006% x H Four 100 000 0.00012% x I Four 100 000 0.000005% x J Central counterparty Four 100 000 0.00012% x K E = Gross written pre- miums below R60 million as stated in the most re- cent annual Quantitative Return Tem- plate submit- ted to the Prudential Authority in respect of the year preced- ing the levy year, in ac- cordance with the pre- scribed re- quirements F = Gross written pre- miums above R60 million as stated in the most re- cent annual Quantitative Return Tem- plate submit- ted to the Prudential Authority in respect of the year preced- ing the levy year, in ac- cordance with the pre- scribed re- quirements G = turnover value of trades for the quarter pre- ceding the levy period H = value of trades settled for the quar- ter preceding the levy pe- riod I = value of trades cleared for the quarter preceding the levy period J = value of trades cleared for the quarter preceding the levy period K = value of trades cleared for the quarter preceding the levy period Levy = Base amount + V1+V2 500 000 2 500 000 1 500 000 1 500 000 500 000 3 000 000 Levy = Base amount + Variable amount Levy = Base amount + Variable amount Levy = Base amount + Variable amount Levy = Base amount + Variable amount Levy = Base amount + Variable amount This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 27 Tlhaloso ya pharologano Fomula Makisi- mamo (Diranta) 500 000 Lekge- thwana= Tlhotlhwa ya motheo + V1+V2 27 Palo ya dituelo mo ngwageng wa lekge- thwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Nngwe 5 000 V1 = 0.1016% x EV2 = 0.0308% x F Mofuta wa setheo se se okangweng Setlamot- shire- letsopotlana (kgwebo ya setlamo- tshire- letsotshelo fela, kgwe- bo ya setlamotshi- reletsotlho- katshelo fela, ka bobedi dikgwebo tsa setla- motshi- reletsotshelo le setlamo- tshireletso- tlhokatshelo kgotsa setla- motshire- letsosesˇwa) Kananyo Nne 50 000 0.000023% x G Nne 100 000 0.000006% x H Nne 100 000 0.00012% x I E = Palogotlhe ya dituelo tse di kwetsweng tse di ka fa tlase ga R60 milione jaaka go tlhagisitswe mo Thempoleiteng ya Dipoelo tsa Dipalopalo ya gajaana e e rometsweng kwa Bothating jwa Tlhokomelo mabapi le ngwaga o o tlang pele ga ngwaga wa lekgethwana, go tsamaelana le ditlhokego tse di beilwengF = Palogotlhe ya dituelo tse di kwetsweng tse di kwa godimo ga R60 milione jaaka go tlhagisitswe mo Thempoleiteng ya Dipoelo tsa Dipalopalo ya gajaana e e rometsweng kwa Bothating jwa Tlhokomelo mabapi le ngwaga o o tlang pele ga ngwaga wa lekgethwana, go tsamaelana le ditlhokego tse di beilweng G = boleng jwa dipoelo tsa dikgwebo tsa kotara e e tlang pele ga paka ya lekgethwana H = boleng jwa dikgwebo tse di dueletsweng mo kotareng e e tlang pele ga paka ya lekgethwana I = boleng jwa dikgwebo tse di golotsweng tsa kotara e e tlang pele ga paka ya lekgethwana Nne 100 000 Nne 100 000 0.000005% x J J = boleng jwa dikgwebo tse di golotsweng tsa kotara e e tlang pele ga paka ya lekgethwana 0.00012% x K K = boleng jwa dikgwebo tse di golotsweng tsa kotara e e tlang pele ga paka ya lekgethwana Setheogare sa poloke- lothoto ya matlotlo Botserega- nyi jo bo ikemetseng Botsereganyi jo bo amanang Setheogare sa botsereganyi 2 500 000 1 500 000 1 500 000 500 000 3 000 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farolo- ganang Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farologanang Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farologanang Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farolo- ganang Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farolo- ganang This gazette is also available free online at www.gpwonline.co.za
28
No. 47695
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AI-assisted research summary: This section sets levy amounts and payment counts for listed types of supervised entities.

28 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 28 Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) Description of variable Formula Maximum (Rands) Four 100 000 Four Four 25 000 25 000 One 50 000 Not applicable Not applicable Not applicable Not applicable Levy = Base amount Not applicable Levy = Base amount Not applicable Levy = Base amount Not applicable Levy = Base amount Not applicable Type of supervised entity External central counterparty Trade repository External trade reposi- tory Over-the- counter de- rivative pro- vider Road AccidentFund One 100 000 Not applicable Levy = Base amount Not applicable This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 29 29 Mofuta wa setheo se se okangweng Palo ya dituelo mo ngwageng wa lekge- thwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Tlhaloso ya pharologano Fomula Nne 100 000 Ga e maleba Nne 25 000 Ga e maleba Lekgethwana = Tlhotlhwa ya motheo Lekgethwana = Tlhotlhwa ya motheo Makisi- mamo (Diranta) Ga e maleba Ga e maleba Nne 25 000 Ga e maleba Nngwe 50 000 Ga e maleba Nngwe 100 000 Ga e maleba Lekgethwana = Tlhotlhwa ya motheo Ga e maleba Lekgethwana = Tlhotlhwa ya motheo Lekgethwana = Tlhotlhwa ya motheo Ga e maleba Ga e maleba Setheogare sa botsere- ganyi sa kwa ntle Setheo se se tsholang direkoto tsa motlamedi- konteraka- tlotlotlhoka- tsereganyo Setheo se se tsholang direkoto tsa motlamedi- konteraka- tlotlotlhoka- tsereganyo sa kwa ntle Motlamedi- kontera- katlotlotlho- katsereganyo Letlole la Dikotsi tsa mo Mebileng This gazette is also available free online at www.gpwonline.co.za
30
No. 47695
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AI-assisted research summary: This section identifies Schedule 2 as the Financial Sector levy calculation for supervised entities in respect of the Financial Sector Conduct Authority.

30 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 30 SCHEDULE 2 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF FINANCIAL SECTOR CONDUCT AUTHORITY Application (Section 4(1)(a))

Part

SCHEDULE 2

1
Table B must be applied to calculate the levy payable by a supervised entity that
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AI-assisted research summary: Table B must be used to calculate the levy payable by certain supervised entities.

1. Table B must be applied to calculate the levy payable by a supervised entity that is— (a) a bank or a branch; (b) a co-operative bank; (c) a mutual bank; (d) a non-life insurer; (e) a life insurer; (f) a microinsurer that conducts life insurance business only, non-life insurance business only, both life insurance business and non-life insurance business or reinsurance business; (g) an exchange; (h) a central securities depository; (i) an independent clearing house; (j) an associated clearing house; (k) a central counterparty; (l) a trade repository; (m) an over-the-counter derivative provider; (n) a credit rating agency; (o) a pension fund: occupational fund; (p) a pension fund: preservation fund; (q) a pension fund: provident preservation fund; (r) a pension fund: retirement annuity fund; (s) a pension fund administrator; (t) a collective investment scheme in securities; (u) a collective investment scheme in hedge funds; (v) a foreign collective investment scheme; (w) a collective investment scheme in property; (x) (y) (z) (zA) a category I or category IV ﬁnancial services provider in respect of only the a collective investment scheme in participation bonds; a category I or IV ﬁnancial services provider; a category II, IIA or III ﬁnancial services provider; following ﬁnancial products subcategories: (i) Long-term insurance subcategory A; or (ii) friendly society beneﬁts; or (zB) a ﬁnancial services provider (authorised in multiple categories). Alleviation of double levy payment in respect of clearing house
2
A clearing house that is approved in terms of section 110(6) of the Financial
Verify source ↗

AI-assisted research summary: Some clearing houses must pay the levy for a central counterparty, and they do not pay the levy for an associated clearing house or an independent clearing house.

2. A clearing house that is approved in terms of section 110(6) of the Financial Markets Act to perform the functions of a central counterparty or a licensed independent clearing house who is also licensed as a central counterparty is liable to pay the levy applicable to a central counterparty, but is not liable to pay the levy applicable to an associated clearing house or an independent clearing house. Levy payment in respect of reinsurer
3
A reinsurer that is licensed under the Insurance Act to conduct both life insurance
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AI-assisted research summary: A licensed reinsurer that does both life and non-life insurance must be levied separately for each business.

3. A reinsurer that is licensed under the Insurance Act to conduct both life insurance business and non-life insurance business must be levied separately for its life insurance business and non-life insurance business. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 31 31 S(cid:323)EJULE 2 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE BOTHATI JWA BOITSHWARO JWA LEPHATA LA DITS(cid:323)HELETE Tiriso (Karolo 4(1)(a))
1
Lenane B le tshwanetse go diriswa go bala lekgethwana le le duelwang ke setheo
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AI-assisted research summary: The listed institutions must use Schedule B to calculate the tax payable.

1. Lenane B le tshwanetse go diriswa go bala lekgethwana le le duelwang ke setheo se se okangweng seo e leng— (a) banka kgotsa lekala; (b) bankatirsanommogo; (c) bankatlhakanelo; (d) (e) (f) setlamotshireletsotlhokatshelo; setlamotshireletsotshelo; setlamotshireletsopotlana se se dirang kgwebo ya setlamotshireletsotshelo fela, kgwebo ya setlamotshireletsotlhokatshelo fela; ka bobedi dikgwebo tsa setlamotshireletsotshelo le setlamotshireletsotlhokatshelo kgotsa kgwebo ya setlamotshireletsosesˇwa; letlole la phensˇene: letlole la tiro; letlole la phensˇene: letlole la pabalelo; letlole la phensˇene: letlolepolokelo la phensˇene; letlole la phensˇene: letlole la tshiamelotholotiro; setheogare sa polokelothoto ya matlotlo; botsereganyi jo bo ikemetseng; botsereganyi jo bo amanang; setheogare sa botsereganyi; setheo se se tsholang direkoto tsa motlamedikonterakatlotlotlhokatsereganyo; (g) kananyo; (h) (i) (j) (k) (l) (m) motlamedikonterakatlotlotlhokatsereganyo; (n) eijensi ya tekanyetsomolato; (o) (p) (q) (r) (s) motsamaisi wa letlole la phensˇene; (t) (u) (v) (w) sekemotsadisotlhakanelo mo thotong; (x) (y) motlamedi wa ditirelo tsa ditsˇhelete tsa mofuta I kgotsa IV; (z) motlamedi wa ditirelo tsa ditsˇhelete tsa mofuta II, IIA kgotsa III; (zA) motlamedi wa ditirelo tsa ditsˇhelete tsa mofuta I kgotsa mofuta IV mabapi le sekemotsadisotlhakanelo mo polokelothotong ya matlotlo; sekemotsadisotlhakanelo mo letlolepeeletsomorokotsogolong; sekemotsadisotlhakanelo sa boditsˇhaba; sekemotsadisotlhakanelo mo peeletsotlhakanelong; fela mefutanyana ya ditlhagiso tsa ditsˇhelete e e latelang: (i) Setlamotshireletso sa pakatelele sa mofutanyana A; kgotsa (ii) dikunomolemo tsa mekgatlho ya botsalano; kgotsa (zB) motlamedi wa ditirelo tsa ditsˇhelete (yo o reboletsweng mefuta e mentsi). Phokotso ya tuelosebedi ya lekgethwana mabapi le botsereganyi
2
Botsereganyi jo bo rebotsweng go ya ka karolo 110(6) ya Financial Markets Act go
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AI-assisted research summary: A licensed intermediary or independent intermediary acting as a central intermediary must pay the relevant levy.

2. Botsereganyi jo bo rebotsweng go ya ka karolo 110(6) ya Financial Markets Act go dira ditiro tsa setheogare sa botsereganyi kgotsa botsereganyi jo bo ikemetseng jo bo abetsweng laesense jaaka setheogare sa botsereganyi bo rwala maikarabelosemolao a go duela lekgethwana le le maleba kwa botsereganying jo bo amanang kgotsa kwa botsereganying jo bo ikemetseng. Tuelo ya lekgethwana mabapi le setlamotshireletsosesˇwa
3
Setlamotshireletsosesˇwa se se abetsweng laesense ka fa tlase ga Insurance Act go
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AI-assisted research summary: A licensed insurer carrying on both life and non-life business must be taxed separately for each business.

3. Setlamotshireletsosesˇwa se se abetsweng laesense ka fa tlase ga Insurance Act go dira ka bobedi dikgwebo tsa setlamotshireletsotshelo le setlamotshireletsotlhokatshelo se tshwanetse go duediswa lekgethwana ka pharologano mabapi le kgwebo ya setlamotshireletsotshelo le kgwebo ya setlamotshireletsotlhokatshelo. This gazette is also available free online at www.gpwonline.co.za
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No. 47695
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AI-assisted research summary: This section sets levy amounts and formulas for different supervised entities, including banks, co-operative banks, mutual banks, and non-life insurers.

32 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 32 TABLE B Type of supervised entity Bank or branch Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) One 50 000 0.00165% x A Co-operative bank One 1 000 0.00125% x A Mutual bank One 2 000 0.00125% x A Non-life insurer One 12 500 V1 = 0.155% x B V2 = 0.047% x C Description of Variable Formula Maximum (Rands) 20 000 000 Levy = Base amount + Variable amount 5 000 Levy = Base amount + Variable amount No levy is charged if A does not ex- ceed R2 000 000 100 000 Levy = Base amount + Variable Amount No levy is charged if A does not ex- ceed R3 000 000 Levy = Base amount + V1 +V2 5 000 000 A = total liabilities as at 30 June of the preceding levy year as reported in the BA100, or liabilities as reported in the previous ﬁnancial statements published in terms of IFRS (if ﬁrst not available) A = total liabilities as at 30 June of the preceding levy year as reported in terms of sec- tion 22 of the Co-operative Banks Act, 2007, or in previous ﬁ- nancial state- ments (if ﬁrst not available) A = total liabilities as at 30 June of the preceding levy year as reported in terms of sec- tion 53 of the Mutual Banks Act, 1993, or in previous ﬁ- nancial state- ments (if ﬁrst not available) B = gross written pre- miums below R60 million C = gross written pre- miums above R60 million Gross written premiums as stated in the most recent annual Quantitative Return Template submitted to the Pruden- tial Authority in respect of the year pre- ceding the levy year, in accordance with the pre- scribed re- quirements This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 33 33 LENANE B Mofuta wa setheo se se okangweng Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Banka kgotsa lekala Nngwe 50 000 0.00165% x A Bankatirisa- nommogo Nngwe 1 000 0.00125% x A Bankatlha- kanelo Nngwe 2 000 0.00125% x A Setlamo- tshireletso- tlhokatshelo Nngwe 12 500 V1 = 0.155%x B V2 = 0.047%x C Tlhaloso ya pharologano Fomula Makisi- mamo (Diranta) 20 000 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e Farologa- nang 5 000 100 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farologa- nang Lekgethwana ga le duedi- siwe fa A e sa fete R2 000 000 Lekgethwana = Tlhotlhwa ya motheo +Tlhotlhwa e e farologa- nang Lekgethwa- na ga le duedisiwe fa A e sa fete R3 000 000 5 000 000 Lekgethwana = Tlhotlhwa ya motheo + V1+V2 A = palogotlhe ya melato yotlhe ka di 30 Seetebosigo ngwagatlola wa lekgethwana jaaka go begilwe mo BA100, kgotsa palogo- tlhe ya melato jaaka go begilwe mo dikanegong tsa ditsˇhelete tse di fetileng tse di phasaladitsweng go ya ka IFRS (fa ya ntlha e seyo) A = palogotlhe ya melato yotlhe ka di 30 Seete- bosigo ngwaga- tlola wa lekge- thwana jaaka go begilwe go ya ka karolo 22 ya Co- operative Banks Act, 2007, kgotsa mo dikanegong tse di fetileng tsa ditsˇhelete (fa ya ntlha e seyo) A = palogotlhe ya melato yotlhe ka di 30 Seetebo- sigo ngwagatlola wa lekgethwana jaaka go begilwe go ya ka karolo 53 ya Mutual Banks Act, 1993, kgotsa mo dikanegong tse di fetileng tsa ditsˇhelete (fa ya ntlha e seyo) B = Palogotlhe ya dituelo tse di kwetsweng tse di ka fa tlase ga R60 milione C = palogotlhe ya dituelo tse di kwetsweng tse di ka fa tlase ga R60 milione Palogotlhe ya dituelo tse di kwetsweng jaaka go tlhagisitswe mo Thempo- leiteng ya Dipoelo tsa Dipalopalo ya gajaana e e rometsweng kwa Bothating jwa Tlhokomelo mabapi le ngwaga o o tlang pele ga ngwaga wa lekgethwana, go tsamaelana le ditlhokego tse di beilweng This gazette is also available free online at www.gpwonline.co.za
34
No. 47695
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AI-assisted research summary: This section sets levy amounts for certain supervised entities, including life insurers, microinsurers, and exchanges.

34 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 34 Type of supervised entity Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) Description of Variable Formula Maximum (Rands) Life insurer One 50 000 0.0025% x D D = gross best estimate liabilities or technical provisions as a whole, ad- justed to an absolute value per line of business as reported in the most re- cent annual Quantitative Return Tem- plate submit- ted to the Prudential Authority in respect of the year preced- ing the levy year, in ac- cordance with the pre- scribed re- quirements E = Gross written pre- miums below R60 million as stated in the most re- cent annual Quantitative Return Tem- plate submit- ted to the Prudential Authority in respect of the year preced- ing the levy year, in ac- cordance with the pre- scribed re- quirements F = Gross written pre- miums above R60 million as stated in the most re- cent annual Quantitative Return Tem- plate submit- ted to the Prudential Authority in respect of the year preced- ing the levy year, in ac- cordance with the pre- scribed re- quirements F = turnover value of trades for the quarter pre- ceding the levy period One 5 000 V1 = 0.1016% x E V2 = 0.0308% x F Microinsurer (life insur- ance business only, non-life insurance business only, both life insurance business and non-life in- surance busi- ness or reinsurance business) Exchange Four 125 000 0.00011% x F 10 000 000 Levy = Base amount + Variable amount Levy = Base amount + V1+V2 500 000 11 000 000 Levy = Base amount + Variable amount This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 35 35 Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Tlhaloso ya pharologano Fomula Makisi- mamo (Diranta) 10 000 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farolo- ganang Mofuta wa setheo se se okangweng Setlamo- tshireletso- tshelo Setlamo- tshireletso- potlana (kgwebo ya setlamot- shireletso- tshelo fela, kgwebo ya setlamot- shire- letsotlho- katshelo fela, ka bobedi dikgwebo tsa setlamo- tshireletso- tshelo le setlamo- tshireletso- tlhokatshelo kgotsa setlamo- tshirele- tsosesˇwa) Nngwe 50 000 0.0025% x D D = palogotlhe Nngwe 5 000 V1 = 0.1016% x EV2 = 0.0308% x F ya phopholetso e e maleba ya melato kgotsa ditaelo tsa setegeniki di feletse, di fetoletswe mo palong e le nosi go ya ka mofuta wa kgwebo jaaka go begilwe mo Thempoleiteng ya Dipoelo tsa Dipalopalo ya gajaana e e rometsweng kwa Bothating jwa Tlhokomelo mabapi le ngwa- ga o o tlang pele ga ngwaga wa lekgethwana, go tsamaelana le ditlhokego tse di beilweng E = Palogotlhe ya dituelo tse di kwetsweng tse di ka fa tlase ga R60 milione jaaka go tlhagisi- tswe mo The- mpoleiteng ya Dipoelo tsa Dipalopalo ya gajaana e e rometsweng kwa Bothating jwa Tlhokomelo mabapi le ngwa- ga o o tlang pele ga ngwaga wa lekgethwana, go tsamaelana le ditlhokego tse di beilwengF = Palogotlhe ya dituelo tse di kwetsweng tse di kwa godimo ga R60 milione jaaka go tlhagisi- tswe mo The- mpoleiteng ya Dipoelo tsa Dipalopalo ya gajaana e e rometsweng kwa Bothating jwa Tlhokomelo mabapi le ngwaga o o tlang pele ga ngwaga wa lekgethwana, go tsamaelana le ditlhokego tse di beilweng 500 000 Lekge- thwana= Tlhotlhwa ya motheo + V1+V2 Kananyo Nne 125 000 0.00011% x F F = boleng jwa dipoelo tsa dikgwebo tsa kotara e e tlang pele ga paka ya lekgethwana 11 000 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farolo- ganang This gazette is also available free online at www.gpwonline.co.za
36
No. 47695
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AI-assisted research summary: This section sets levy amounts and formulas for certain supervised entities, including clearing houses, trade repositories, over-the-counter derivative providers, and credit rating agencies.

36 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 Description of Variable Formula Maximum (Rands) 36 Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) Four 125 000 0.000011% x G Four 125 000 0.00011% x H Four 125 000 0.000007% x I Type of supervised entity Central securities depository Independent clearing house Associated clearing house 125 000 0.00011% x J J= value of Central counterparty Four One One Trade reposi- tory Over-the- counter derivative provider 500 000 100 000 Not appli- cable Not applicable Credit rating agency One Not applicable Ln = (Rn/R) * A 900 000 1 500 000 Levy = Base amount + Variable amount Levy = Base amount + Variable amount Levy = Base amount + Variable 750 000 3 750 000 Levy= Base amount + Variable amount Levy= Base amount Not appli- cable Levy = Base amount Not applicable Levy = Vari- able amount Not applicable G = value of trades settled for the quar- ter preceding the levy pe- riod H = value of trades cleared for the quarter preceding the levy period I = value of trades cleared for the quarter preceding the levy period trades cleared for the quarter preceding the levy period Ln = Levy to be paid by the speciﬁc credit rating agency Rn = Rev- enue gener- ated by the speciﬁc credit rating agency dur- ing the previ- ous ﬁnancial year R = Total Revenue generated by all registered credit rating agencies dur- ing the previ- ous ﬁnancial year A = Annual supervisory levy based on the esti- mated super- visory cost to be incurred by the de- partment for the current ﬁnancial year This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 37 Tlhaloso ya pharologano Fomula 37 Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Nne 125 000 0.000011% x G Nne 125 000 0.00011% x H Mofuta wa setheo se se okangweng Setheogare sa polokelo- thoto ya matlotlo Botsereganyi jo bo ikeme- tseng Botsereganyi jo bo ama- nang Nne 125 000 0.000007% x I Setheogare sa botsere- ganyi Setheo se se tsholang direkoto tsa motlamedi- konteraka- tlotlotlho- katsereganyo Motlame- dikontera- katlotlotlho- katsereganyo Eijensi ya tekanyetso- molato Nne 125 000 0.00011% x J Nngwe 500 000 Ga e maleba Nngwe 100 000 Ga e maleba Nngwe Ga e maleba Ln = (Rn/ R)*A Makisi- mamo (Diranta) 900 000 1 500 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farologanang Lekgethwana = Tlhotlhwa ya motheo Lekgethwana = Tlhotlhwa ya motheo 750 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farologanang Lekgethwana = Tlhotlhwa ya motheo 3 750 000 Ga e maleba Lekgethwana = Tlhotlhwa ya motheo Lekgethwana = Tlhotlhwa ya motheo Ga e maleba Ga e maleba G = boleng jwa dikgwebo tse di dueletsweng tsa kotara e e tlang pele ga paka ya lekgethwana H = boleng jwa dikgwebo tse di golotsweng tsa kotara e e tlang pele ga paka ya lekgethwana I = boleng jwa dikgwebo tse di golotsweng tsa kotara e e tlang pele ga paka ya lekgethwana J = boleng jwa dikgwebo tse di golotsweng tsa kotara e e tlang pele ga paka ya lekgethwana Ln = Lekgethwana le le tshwanetseng go duelwa ke eijensi ya tekanyetsomolato e e tsepami- sitswengRn = Lotseno le le dirilweng ke eijensi ya tekanyetsomolato e e rileng mo ngwageng ya ditsˇhelete e e fetilengR = Palogotlhe ya Lotseno le le dirilweng ke dieijensi tsotlhe tsa tekanyetso- molato tse di kwadisitsweng mo ngwageng ya ditsˇhelete e e fetilengA = Lekgethwana la ngwaga le le okangweng le le ikaegileng mo ditshenyegelong tsa botlhokomedi tse di fopholedi- tsweng tse di ka itemogelwang ke lefapha mabapi le ngwaga wa ditsˇhelete wa gajaana This gazette is also available free online at www.gpwonline.co.za
38
No. 47695
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AI-assisted research summary: This section sets levy amounts for certain pension funds, using a base amount plus a variable amount calculated from L.

38 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 38 Type of supervised entity Pension fund—occu- pational fund Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) One 2 000 16.20 x L One 2 000 16.20 x L Pension fund — pension preservation fund, provi- dent preser- vation fund and retire- ment annuity fund Description of Variable Formula Maximum (Rands) 5 000 000 Levy = Base amount + Variable amount R15 000 000 Levy = Base amount + Variable amount L = number of members and every other person who receives regular peri- odic pay- ments from such a fund (excluding any member or such per- son, whose beneﬁt re- mained un- claimed and beneﬁciaries of members of pension funds) as reﬂected in the latest annual ﬁnan- cial state- ments fur- nished to the Authority as at 28 Febru- ary of the preceding levy year L = number of members and every other person who receives regular peri- odic pay- ments from such a fund (excluding any member or such per- son, whose beneﬁt re- mained un- claimed and beneﬁciaries of members of pension funds) as reﬂected in the latest annual ﬁnan- cial state- ments fur- nished to the Authority as at 28 Febru- ary of the preceding levy year This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 39 39 Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Nngwe 2 000 16.20 x L Mofuta wa setheo se se okangweng Letlole la Phensˇene— letlole la tiro Nngwe 2 000 16.20 x L Letlole la phensˇene— letlole la pabalelo ya phensˇene, letlolepolo- kelo la phensˇene le letlole la tshiamelo- tholotiro Tlhaloso ya pharologano Fomula Makisi- mamo (Diranta) 5 000 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa e e farologa- nang R15 000 000 Lekgethwa- na= Tlho- tlhwa ya motheo + Tlhotlhwa e e farologa- nang L = palo ya ditokololo le motho mongwe le mongwe yo mongwe yo o amogelang tuelo ya nakol le nako ya paka go tswa mo letloleng leo(go sa akare- tswe tokololo efe kgotsa motho yoo, yo tshiame- lo ya gagwe e sa lopiwang le baamogeladi- tshwanelo ba ditokololo tsa matlole a phensˇene) jaaka go tlhagelela mo dikanegong tsa ditsˇhelete tsa ngwaga tsa gajaana tse di neetsweng Bothati ka Tlhakole wa ngwagatlola wa lekgethwana L = palo ya ditokololo le motho mongwe le mongwe yo mongwe yo o amogelang ka gale tuelo ya paka go tswa mo letloleng leo(go sa akaretswe tokololo efe kgotsa motho yoo, yo tshia- melo ya gagwe e sa lopiwang le baamogeladi- tshwanelo ba ditokololo tsa matlole a phensˇene) jaaka go tlhagelela mo dikanegong tsa ditsˇhelete tsa ngwaga tsa gajaana tse di neetsweng Bothati ka Tlhakole wa ngwagatlola wa lekgethwana This gazette is also available free online at www.gpwonline.co.za
40
No. 47695
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AI-assisted research summary: This section sets levy amounts for certain supervised entities and explains the variables used to calculate them.

40 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 Type of supervised entity Number of payments per levy year Pension fund administrator One Base Amount (Rands) 8 162.33 40 Variable Amount(s) (Rands) V1 = 870 x M V2 = 1.05 x L Four 12 916 Collective investment scheme in securities V1 = 2067 x N V2 = 0.000052% x O Four 12 916 Collective investment scheme in hedge funds V1 = 2067 x P V2 = 0.00465% x Q Description of Variable Formula Maximum (Rands) Levy = Base amount + V1 + V2 Not applicable Levy = Base amount + V1 + V2 Not applicable Levy = Base amount + V1 +V2 Not applicable M = number of pension funds under administra- tion as at 28 February of the levy year L = number of members and every other person who receives regular peri- odic pay- ments from such a fund (excluding any member or such per- son, whose beneﬁt re- mained un- claimed and beneﬁciaries of members of pension funds under administra- tion) as re- ﬂected in the latest annual ﬁnancial statements furnished to the Authority as at 28 Feb- ruary of the preceding levy year N = number of portfolios or funds at end of previ- ous quarter O = total amount of assets man- aged at end of previous quarter P = number of portfolios, funds or sub- schemes, at end of previ- ous quarter Q = total amount of assets man- aged at end of previous quarter This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 41 Tlhaloso ya pharologano Fomula Makisi- mamo (Diranta) Ga e maleba Lekgethwana = Tlhotlhwa ya motheo + V1 + V2 41 Mofuta wa setheo se se okangweng Motsamaisi wa letlole la phensˇene Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Nngwe 8 162.33 V1 = 870 x MV2 = 1.05 x L Nne 12 916 Sekematsa- disotlhaka- nelo mo peeletso- tlhakanelong V1 = 2067 x NV2 = 0.000052% x O Nne 12 916 V1 = 2067 x PV2 = 0.00465% x Q Sekemotsa- disotlhaka- nelo mo letlole- peeletsomo- rokotsogo- long M = palo ya matlole a phensˇene a a ka fa tlase ga tsamaiso ka di 28 Tlhakole mo ngwageng wa lekgethwanaL = palo ya ditoko- lolo le motho mongwe le mongwe ofe yo o amogelang ka gale dituelo tsa paka go tswa mo letloleng leo (go sa akaretswe tokololo efe kgotsa motho yoo, yo tshiame- lo ya gagwe e sa lopiwang le baamogeladit- shwanelo ba ditokololo tsa matlole a phensˇene ka fa tlase ga tsamaiso) jaaka go tlhagelela mo dikanegong tsa ditsˇhelete tsa ngwaga tsa gajaana tse di neetsweng Bothati ka di 28 Tlhakole mo ngwagatloleng wa lekgethwana N = palo ya diphotefolio kgotsa matlole kwa bokhutlong jwa kotara e e fetilengO = palogotlhe ya dithoto tse di ka fa tlase ga taolo kwa bokhutlong jwa kotara e e fetileng P = palo ya diphotefolio, matlole kgotsa dikemapotlana, kwa bokhutlong jwa kotara e e fetilengQ = palogotlhe ya dithoto tse di laotsweng kwa bokhutlong jwa kotara e e fetileng Ga e maleba Lekgethwana = Tlhotlhwa ya motheo + V1+V2 Ga e maleba Lekgethwa- na= Tlho- tlhwa ya motheo + V1+V2 This gazette is also available free online at www.gpwonline.co.za
42
No. 47695
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AI-assisted research summary: This section sets levy amounts and formulas for different supervised entity types.

42 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 42 Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) Description of Variable Formula Maximum (Rands) Type of supervised entity Foreign collective investment scheme Four 12 916 V1 = 7150 x R V2 = 0.000354% x S One 12 916 100 000 x T 12 916 V1 = 2067 x U V2 = 0.000052% x V Levy deter- mined four times per levy year, but total amount of the levy due for the levy year is paid once One 3600 520 × W Collective investment scheme in Property Collective investment scheme in participation bonds Category I or IV ﬁnancial services provider Levy = Base amount + V1 +V2 Not applicable Levy = Base amount + Variable amount Levy = Base amount + V1 + V2 Not applicable Not applicable 2 500 000 Levy = Base amount + Variable amount R = number of portfolios, funds or sub- funds at end of previous quarter S = total net amount of assets man- aged on be- half of South African in- vestors at end of previ- ous quarter T =number of portfolios U = number schemes at end of previ- ous quarter V = aggre- gate amount owing by mortgagers at end of previ- ous quarter W = Average total number of key indi- viduals plus average total number of representa- tives, calcu- lated over the period 1 September of the pre- ceding levy year to 31 August of the levy year This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 43 43 Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Tlhaloso ya pharologano Fomula Mofuta wa setheo se se okangweng Sekematsa- disotlhaka- nelo sa boditsˇhaba Sekematsa- disotlhaka- nelo mo thotong Sekematsa- disotlhaka- nelo mo polokelo- thotong ya matlotlo Nne 12 916 V1 = 7150 x RV2 = 0.000354% x S Nngwe 12 916 100 000 x T 12 916 V1 = 2067 x UV2 = 0.000052% x V Lekgethwana le le tlhomami- sitsweng makgetlo a le mane mo ngwageng wa lekge- thwana, mme palo- gotlhe ya lekgethwna le le tshwa- netseng go duelwa mabapi le ngwaga wa lekgethwana le duelwa gangwe Nngwe 3600 520 × W Motlamedi wa ditirelo tsa Setlho- pha I kgotsa IV Makisi- mamo (Diranta) Ga e maleba Lekgethwa- na= Tlho- tlhwa ya motheo + V1+V2 Ga e maleba Ga e maleba Lekgethwa- na = Tlho- tlhwa ya motheo + Tlhotlhwa ya pharo- logano Lekgethwa- na= Tlhotlhwa ya motheo + V1+V2 2 500 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa ya pharolo- gano R = palo ya diphotefolio, matlole kgotsa dikemapotlana, kwa bokhutlong jwa kotara e e fetilengS = palogotlhe ya dithoto tse di laotsweng mo boemong jwa babeeletsi ba Aforika Borwa kwa bokhutlong jwa kotara e e fetileng T = palo ya diphotefolio U = palo ya dikema kwa bokhutlong jwa kotara e e fetilengV = palogare ya tlhotlhwa e e kolotwang ke bao ba adimileng madi go reka matlo kwa bokhutlong jwa kotara e e fetileng W = Palogare ya palogotlhe batho ka esi ba botlho- kwa e tlhaka- ntswe le palogare ya palogotlhe ya baemedi, e badi- lwe mo pakeng e e simolotseng ka di 1 Lwetse ya ngwagatlola wa lekgethwana go ﬁtlhela ka di 31 Phatwe mo ngwageng wa lekgethwana This gazette is also available free online at www.gpwonline.co.za
44
No. 47695
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AI-assisted research summary: This section sets levy amounts for certain financial services providers, using a base amount plus a variable formula, and sets a maximum levy for one category.

44 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 44 Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) Description of Variable Formula Maximum (Rands) One 7500 V1 = 520 × W V2 = 0.0018595% × X One 3600 250 x W Levy = Base amount + V1 +V2 2 500 000 2 500 000 Levy = Base amount + Variable amount W = Average total number of key indi- viduals plus average total number of representa- tives, calcu lated over the period 1 Sep- tember of the preceding levy year to 31 August of the levy year X = the total value of in- vestments managed or administered on behalf of clients in terms of the authorisation as a ﬁnancial services pro- vider on 31 August of the levy year: Provided that investments under man- agement or administra- tion held in foreign cur- rency must be included at the ex- change rate published in the press at that date W = Average total number of key indi- viduals plus average total number of representa- tives, calcu- lated over the period 1 September of the pre- ceding levy year to 31 August of the levy year Type of supervised entity Category II, IIA or III ﬁnancial ser- vices pro- vider Category I or Category IV ﬁnancial ser- vices pro- vider in re- spect of only the following ﬁnancial products sub- categories: Long-term insurance subcategory A or Friendly Society Beneﬁts This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 45 45 Mofuta wa setheo se se okangweng Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Tlhaloso ya pharologano Fomula Makisi- mamo (Diranta) 2 500 000 Lekgethwa- na= Tlho- tlhwa ya motheo + V1+V2 Nngwe 7500 Motlamedi wa ditirelo tsa Setlho- pha II, IIA kgotsa III V1 = 7150 x RV2 = 0.000354% x S Nngwe 3600 250 x W Motlamedi wa ditirelo tsa ditsˇhe- lete tsa Setlhopha I kgotsa Setlhopha IV mabapi le fela ditlhopha tsa tlaleltso tsa ditlhagiso tse di latelang tsa ditsˇhelete: Insˇorense ya pakatelele setlhopha sa tlaleletso A kgotsa Ditshiamelo tsa Ditlho- pha tsa Botsalano W = Palogare ya palogotlhe batho ka esi ba botlho- kwa e tlhaka- ntswe le palogare ya palogotlhe ya baemedi, e badi- lwe mo pakeng e e simolotseng ka di 1 Lwetse ya ngwagatlola wa lekgethwana go ﬁtlhela ka di 31 Phatwe mo ngwa- geng wa lekge- thwana X = boleng jotlhe jwa dipeeletso tse di laolwang kgotsa tse di tsamaiswa- ng mo boemong jwa bareki go ya ka tetlelelo jaaka motlamedi wa ditirelo tsa di- tsˇhelete ka di 31 Phatwe mo ngwa- geng wa lekge- thwana:Fela di- peeletso tse di ka fa tlase ga taolo kgotsa tsamaiso di le mo dikhare- nsing tsa bodi- tsˇhaba di tshwa- netse go akare- tswa mo kelong ya kananyo e e phasaladitsweng mo bobegakga- nnyeng ka letlha leo W = Palogare ya palogotlhe batho ka esi ba botlho- kwa e tlhaka- ntswe le palogare ya palogotlhe ya baemedi, e badilwe mo pakeng e e simo- lotseng ka di 1 Lwetse ya ngwagatlola wa lekgethwana go ﬁtlhela ka di 31 Phatwe mo ngwageng wa lekgethwana 2 500 000 Lekgethwana = Tlhotlhwa ya motheo + Tlhotlhwa ya pharologano This gazette is also available free online at www.gpwonline.co.za
46
No. 47695
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AI-assisted research summary: A person authorised for multiple categories must pay one levy, worked out using the prescribed levy formula.

46 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 Number of payments per levy year One Type of supervised entity Financial Services Provider (authorised in multiple Categories) 46 Base Amount (Rands) Variable Amount(s) (Rands) Description of Variable Formula Maximum (Rands) A person that is authorised for multiple categories is liable for a single levy calculated as follows: (1) = the most onerous of the base amounts applicable to the different categories for which the person is authorised. (2) = the average total number of key individuals plus aver- age total number of representatives, under the differ- ent categories, calculated over the period 1 September of the preceding levy year to 31 August of the levy year: Provided that that the key individuals and repre- sentatives who are approved or appointed under mul- tiple categories are counted once for the purposes of the calculation. (3) = the total value of investments managed or adminis- tered on behalf of clients under the different catego- ries on 31 August of the levy year: Provided that in- vestments under management or administration held in foreign currency must be included at the exchange rate published in the press at that date. (4) = the most onerous of the maximum amounts applicable to the different categories for which the person is authorised. This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 47 Palo ya dituelo mo ngwageng wa lekgethwana Nngwe Mofuta wa setheo se se okangweng Motlamedi wa Ditirelo tsa Ditsˇhe- lete (yo o letleletsweng mo Ditlho- pheng tse dintsi) 47 Tlhotlhwa ya Motheo (Diranta) (Di)Tlhotlhwa e eFarologa- nang (Diranta) Tlhaloso ya pharologano Fomula Makisi- mamo (Diranta) Motho yo o letleletsweng mabapi le ditlhopha tse dintsi o rwala maikarabelosemolao a lekgethwana le le esi le le badilweng jaana: (1) = ditlhotlhwa tsa motheo tse di boima tse di diriswang mo ditlhopheng tse di farologaneng tseo motho a di reboletsweng. (2) = palogare ya palogotlhe batho ka esi ba botlhokwa e tlhakantswe le palogare ya palogotlhe ya baemedi, e badilwe mo pakeng e e simolotseng ka di 1 Lwetse ya ngwagatlola wa lekgethwana go ﬁtlhela ka di 31 Phatwe mo ngwageng wa lekgethwana: Fela fa batho ka esi ba botlhokwa le baemedi ba ba rebotsweng kgotsa ba ba thapilweng ka fa tlase ga ditlhopha tse dintsi ba badilwe gangwe mabapi le maitlhomo a go bala. (3) = palogotlhe ya boleng jwa dipeeletso tse di laolwang kgotsa tse di tsamaiswang mo boemong jwa Bareki ka fa tlase ga ditlhopha tse di farologaneng ka di 31 Phatwe mo ngwageng wa lekgethwana: Fela fa dipeeletso tse di ka fa tlase ga taolo kgotsa tsamaiso tse di mo dikharensing tsa boditsˇhaba di tshwanetse go akaretswa mo kelong ya kanayo e e phasaladitsweng mo bobegakgannyeng ka letlha leo. (4) = ditlhotlhwa tsa motheo tse di boima tse di diriswang mo ditlhopheng tse di farologaneng tseo motho a di reboletsweng. This gazette is also available free online at www.gpwonline.co.za
48
No. 47695
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AI-assisted research summary: Table C must be used to calculate the levy payable by supervised entities that owe amounts under Schedule 1 or 2.

48 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 48 SCHEDULE 3 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF TRIBUNAL Application (Section 4(1)(a)) Table C must be applied to calculate the levy payable by a supervised entity that is liable to pay an amount in terms of Schedule 1 or 2. TABLE C Type of supervised entity Number of payments per levy year Variable Amount (Rands) Description of Variable Formula One 2.5% x (Y1 +Z2) All supervised entities that are liable to pay levies calculated in accordance with Schedule 1 or 2 Levy = Variable amount Y1 = amount of levy payable by the supervised entity in terms of Schedule 1 Z2 = amount of levy payable by the supervised entity in terms of Schedule 2 This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 49 49 S(cid:323)EJULE 3 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE LEKGOTLA Tiriso (Karolo 4(1)(a)) Lenane C le tshwanetse go diriswa go bala lekgethwana le le duelwang ke setheo se se okangweng se se rwalang maikarabelo a madi go ya ka S(cid:323)ejule 1 kgotsa 2. LENANE C Mofuta wa setheo se se okangweng Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa e e Farologanang (Diranta) Tlhaloso ya pharologano Fomula Nngwe 2.5% x (Y1 +Z2) Ditheo tsotlhe tse di okangweng tse di rwalang maikarabelo a go duela makgethwana a a badilweng go ya ka S(cid:323)ejule 1 kgotsa 2 Lekgethwana = Tlhotlhwa ya pharologano Y1 = tlhotlhwa ya lekgethwana le le duelwang ke setheo se se okangweng go ya ka S(cid:323)ejule 1 Z2 = tlhotlhwa ya lekgethwana le le duelwang ke setheo se se okangweng go ya ka S(cid:323)ejule 2 This gazette is also available free online at www.gpwonline.co.za

Part

Schedule 1 or 2

50
No. 47695
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AI-assisted research summary: Table D must be used to calculate the levy payable by supervised entities liable under Schedule 2.

50 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 50 SCHEDULE 4 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF OMBUD COUNCIL Application (Section 4(1)(a)) Table D must be applied to calculate the levy payable by a supervised entity that is liable to pay an amount in terms of Schedule 2. TABLE D Type of supervised entity Number of payments per levy year Variable Amount (Rands) Description of Variable Formula One 2.5% x Z All supervised entities that are liable to pay levies referred to in Schedule 2 Z = amount of levy payable by the su- pervised entity in terms of Schedule 2 Levy = Variable amount This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 51 51 S(cid:323)EJULE 4 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE KHANSELE YA OMBUD Tiriso (Karolo 4(1)(a)) Lenane D le tshwanetse go diriswa go bala lekgethwana le le duelwang ke setheo se se okangweng se se rwalang maikarabelo a go duela madi go ya ka S(cid:323)ejule 2. LENANE D Mofuta wa setheo se se okangweng Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa e e Farologanang (Diranta) Tlhaloso ya pharologano Fomula Ditheo tsotlhe tse di okangweng tse di rwalang maikarabelo a go duela makgethwana a a kailweng mo S(cid:323)ejuleng 2 Nngwe 2.5% x Z Z = tlhotlhwa ya lekgethwana le le duelwang ke setheo se se okangweng go ya ka S(cid:323)ejule 2 Lekgethwana = Tlhotlhwa ya pharologano This gazette is also available free online at www.gpwonline.co.za

Part

Schedule 2

52
No. 47695
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AI-assisted research summary: Table E must be used to calculate the levy payable by a supervised entity that is a pension fund or financial services provider.

52 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 52 SCHEDULE 5 FINANCIAL SECTOR LEVY CALCULATION FOR SUPERVISED ENTITIES IN RESPECT OF STATUTORY OMBUD SCHEMES Application (Section 4(1)(a)) Table E must be applied to calculate the levy payable by a supervised entity that is— (a) a pension fund; or (b) a ﬁnancial services provider. TABLE E Statutory Ombud Scheme Type of supervised entity Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) Descrip- tion of Variable Formula Maximum (Rands) Pension fund Office of the Pension Funds Ad- judicator One R0 7.70 x L Not applicable Levy = Base amount + Variable Amount L = num- ber of members and all other per- sons who receive regular periodic payments from such a fund (ex- cluding any member or such per- son, whose beneﬁt re- mained unclaimed and beneﬁ- ciaries of members of pension funds) as reﬂected in the latest annual ﬁ- nancial statements furnished to the Au- thority as at 28 Feb- ruary of the preceding levy year This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 53 53 S(cid:323)EJULE 5 PALO YA MAKGETHWANA A LEPHATA LA DITS(cid:323)HELETE A DITHEO TSE DI OKANGWENG MABAPI LE DIKEMA TSA OMBUD TSA MOLAO Tiriso (Karolo 4(1)(a)) Lenane E le tshwanetse go diriswa go bala lekgethwana le le duelwang ke setheo se se okangweng seo e leng— letlole la phensˇene; kgotsa (a) (b) motlamedi wa ditirelo tsa ditsˇhelete. LENANE E Tlhotlhwa ya Motheo (Diranta) Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa e eFaro- loganang (Diranta) Nngwe R0 7.70 x L Sekema sa Ombud wa Semolao Mofuta wa setheo se se okangweng Letlole la phensˇene Oﬁsi ya Moatlhodi wa Matlole a Phensˇene Tlhaloso ya pharologano Fomula Makisi- mamo Ga e maleba Lekge- thwana = Tlhotlhwa ya motheo + Tlho- tlhwa ya pharologano L = palo ya ditokololo le motho mongwe le mongwe ofe yo o amogelang ka gale dituelo tsa paka go tswa mo letloleng leo (go sa akaretswe tokololo efe kgotsa motho yoo, yo tshiamelo ya gagwe e sa lopiwang le baamogela- ditshwanelo ba ditokololo tsa matlole a phensˇene ka fa tlase ga tsamaiso) jaaka go tlhagelela mo dikanegong tsa ditsˇhelete tsa ngwaga tsa gajaana tse di neetsweng Bothati ka di 28 Tlhakole mo ngwaga- tloleng wa lekgethwana This gazette is also available free online at www.gpwonline.co.za

Part

SCHEDULE 5

54
No. 47695
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AI-assisted research summary: Financial Services Providers must pay a levy to the Office of the Ombud for Financial Services Providers each levy year.

54 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 54 Statutory Ombud Scheme Type of supervised entity Number of payments per levy year Base Amount (Rands) Variable Amount(s) (Rands) Descrip- tion of Variable Formula Maximum (Rands) Financial Services Provider Office of the Ombud for Finan- cial Ser- vices Pro- viders One R1100 AA x 690 AA = W - BB R333 275 Levy = Base Amount + Variable Amount W = Aver- age total number of key indi- viduals plus aver- age total number of representa- tives, cal- culated over the period 1 September of the pre- ceding levy year to 31 August of the levy year BB = Aver- age total number of key indi- viduals that are also appointed as repre- sentatives, calculated over the period 1 September of the pre- ceding levy year to 31 August of the levy year This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 55 55 Sekema sa Ombud wa Semolao Mofuta wa setheo se se okangweng Tlhotlhwa ya Motheo (Diranta) Palo ya dituelo mo ngwageng wa lekgethwana Tlhotlhwa e eFaro- loganang (Diranta) Motlamedi wa Ditirelo tsa Ditsˇhelete Oﬁsi ya Ombud wa Batlamedi ba Ditirelo tsa Ditsˇhe- lete Nngwe R1100 AA x 690AA = W—BB Tlhaloso ya pharologano Fomula Makisi- mamo R333 275 Lekge- thwana = Tlhotlhwa ya motheo + Tlho- tlhwa ya pharolo- gano W = Palogare ya palogotlhe batho ka esi ba botlhokwa e tlhakantswe le palogare ya palogotlhe ya baemedi, e badilwe mo pakeng e e simolotseng ka di 1 Lwetse ya ngwagatlola wa lekge- thwana go ﬁtlhela ka di 31 Phatwe mo ngwageng wa lekge- thwanaBB = Palogare ya palogotlhe batho ka esi ba botlhokwa e tlhakantswe le palogare ya palogotlhe ya baemedi, e badilwe mo pakeng e e simolotseng ka di 1 Lwetse ya ngwagatlola wa lekge- thwana go ﬁtlhela ka di 31 Phatwe mo ngwageng wa lekge- thwana This gazette is also available free online at www.gpwonline.co.za
56
No. 47695
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AI-assisted research summary: Table F must be used to calculate the annual deposit insurance levy for a member of the Corporation that is a bank, co-operative bank, mutual bank, or branch.

56 No. 47695 GOVERNMENT GAZETTE, 9 DEcEMbER 2022 Act no. 11 of 2022 Financial Sector and Deposit Insurance Levies Act, 2022 56 SCHEDULE 6 DEPOSIT INSURANCE LEVY (Section 9(3)) Application Table F must be applied to calculate the deposit insurance levy payable by a member of the Corporation that is— (a) a bank; (b) a co-operative bank; (c) a mutual bank; or (d) a branch. TABLE F Annual levy Type of supervised entity Levy Frequency Base Amount Variable Amount(s) Description of variable Levy amount Maximum Bank Annual 1 000 0.015% x A Co-operative bank Annual 1 000 0.015% x A Mutual bank Annual 1 000 0.015% x A Branch Annual 1 000 0.015% x A A = total covered deposits as reported as at 31 March A = total covered deposits as reported as at 31 March A = total covered deposits as reported as at 31 March A = total covered deposits as reported as at 31 March Higher of base amount or variable amount(s) Higher of base amount or variable amount(s) Higher of base amount or variable amount(s) Higher of base amount or variable amount(s) Not applicable Not applicable Not applicable Not applicable This gazette is also available free online at www.gpwonline.co.za Molao wa Makgethwana a lephata la ditšhelete le inšorense Ya tipositi, 2022 no 11 ya 2022 STAATSKOERANT, 9 DEcEMbER 2022 No. 47695 57 57 S(cid:323)EJULE 6 LEKGETHWANA LA INS(cid:323)ORENSE YA TIPOSITI (Karolo 9(3)) Tiriso Lenane F le tshwanetse go diriswa go bala lekgethwana la insˇorense ya tipositi le le duelwang ke tokololo ya Koporasi eo e leng— (a) banka; (b) bankatirisanommogo; (c) bankatlhakanelo; kgotsa (d) lekala. LENANE F Lekgethwana la ngwaga Mofuta wa setheo se se okangweng Selekanyo sa lekgethwana Tlhotlhwa ya Motheo (Di)Tlhotlhwa ya Pharologano Tlhaloso ya pharologano Banka Ka ngwaga 1 000 0.015% x A Bankatiri- sanommogo Ka ngwaga 1 000 0.015% x A Bankatlha- kanelo Ka ngwaga 1 000 0.015% x A Lekala Ka ngwaga 1 000 0.015% x A A = paloogo- tlhe ya tipo- siti tse di dueletsweng jaaka go begilwe ka 31 Mopitlwe A = paloogo- tlhe ya tipo- siti tse di dueletsweng jaaka go begilwe ka 31 Mopitlwe A = paloogo- tlhe ya tipo- siti tse di dueletsweng jaaka go begilwe ka 31 Mopitlwe A = paloogo- tlhe ya tipo- siti tse di dueletsweng jaaka go begilwe ka 31 Mopitlwe Makisimamo Ga e maleba Ga e maleba Ga e maleba Ga e maleba Tlhotlhwa ya lekgethwana Bokwagodimo jwa tlhotlhwa ya motheo kgotsa (di)tlhotlhwa ya pharolo- gano Bokwagodimo jwa tlhotlhwa ya motheo kgotsa (di)tlhotlhwa ya pharolo- gano Bokwagodimo jwa tlhotlhwa ya motheo kgotsa (di)tlhotlhwa ya pharolo- gano Bokwagodimo jwa tlhotlhwa ya motheo kgotsa (di)tlhotlhwa ya pharolo- gano This gazette is also available free online at www.gpwonline.co.za

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Financial Sector and Deposit Insurance Levies Act

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Provisions of Financial Sector and Deposit Insurance Levies Act

Part A

Part C

SCHEDULE 6

Schedule 3;

SCHEDULE 1

SCHEDULE 2

Schedule 1 or 2

Schedule 2

SCHEDULE 5

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