| | Type of supervised entity | Number of payments per levy year | Base amount(Rands) | Variable amount(s)(Rands) | Description of variable | Formula | Maximum(Rands) | |
|---|
| 1. | Bank or branch | One | 55 332 | 0.001826% x A | 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) | Levy = Base amount + Variable amount | 22 132 800 | |
| 2. | Co-operative bank | One | 1 106.64 | 0.001383% x A | A = total liabilities as at 30 June of the preceding levy year as reported in terms of section 22 of the Co-operative Banks Act, 2007, or in previous financial statements (if first not available) | Levy = Base amount + Variable amountNo levy is charged if A does not exceed R2 000 000 | 5533 | |
| 3. | Mutual bank | One | 2 213.28 | 0.001383% x A | A = total liabilities as at 30 June of the preceding levy year as reported in terms of section 53 of the Mutual Banks Act, 1993, or in previous financial statements (if first not available) | Levy = Base amount + Variable AmountNo levy is charged if A does not exceed R3 000 000 | 110 664 | |
| 4. | Non-life insurer | One | 13 833 | V1 = 0,1712% x AV2 = 0.0522% x B | A = gross written premiums below R60 millionB = gross written premiums above R60 millionGross written premiums as stated in the most recent annual Quantitative Return Template submitted to the Prudential Authority in respect of the year preceding the levy year, in accordance with the prescribed requirements | Levy = Base amount + V1 + V2 | 5 533 200 | |
| 5. | Life insurer | One | 55 332 | 0.00276% x A | A = gross best estimate liabilities or technical provisions as a whole, adjusted to an absolute value per line of business as reported in the most recent annual Quantitative Return Template submitted to the Prudential Authority in respect of the year preceding the levy year, in accordance with the prescribed requirements | Levy = Base amount + Variable amount | 11 066 400 | |
| 6. | Microinsurer (life insurance business only, non-life insurance business only, both life insurance business and non-life insurance business or reinsurance business) | One | 5 533.20 | V1= 0.1124% x AV2= 0.0340% x B | A = Gross written premiums below R60 million as stated in the most recent annual Quantitative Return Template submitted to the Prudential Authority in respect of the year preceding the levy year, in accordance with the prescribed requirementsB = Gross written premiums above R60 million as stated in the most recent annual Quantitative Return Template submitted to the Prudential Authority in respect of the year preceding the levy year, in accordance with the prescribed requirements | Levy = Base amount + V1+V2 | 553 320 | |
| 7. | Exchange | Four | 138 330 | 0.0001217% x A | A = turnover value of trades for the quarter preceding the levy period | Levy = Base amount + Variable amount | 12 173 040 | |
| 8. | Central securities depository | Four | 138 330 | 0.0000122% x A | A = value of trades settled for the quarter preceding the levy period | Levy = Base amount + Variable amount | 995 976 | |
| 9. | Independent clearing house | Four | 138 330 | 0.0001217% x A | A = value of trades cleared for the quarter preceding the levy period | Levy = Base amount + Variable amount | 1 659 960 | |
| 10. | Associated clearing house | Four | 138 330 | 0.0000077% x A | A = value of trades cleared for the quarter preceding the levy period | Levy = Base amount + Variable | 829 980 | |
| 11. | Central counterparty | Four | 138 330 | 0.0001217% x A | A = value of trades cleared for the quarter preceding the levy period | Levy= Base amount + Variable amount | 4 149 900 | |
| 12. | Trade Repository | One | 553 320 | | | Levy= Base amount | Not applicable | |
| 13. | Over the counter derivative provider | One | 110 664 | | | Levy = Base amount | Not applicable | |
| 14. | Credit rating agency | One | | | Ln = Levy to be paid by the specific credit rating agencyRn = Revenue generated by the specific credit rating agency during the previous financial yearR = Total Revenue generated by all registered credit rating agencies during the previous financial yearA = Annual supervisory levy based on the estimated supervisory cost to be incurred by the department for the current financial year | Levy = Variable amount | Not applicable | |
| 15. | Pension fund—occupational fund | One | 2 213.28 | 17.93 x A | A = number of members and every other person who receives regular periodic payments from such a fund (excluding any member or such person, whose benefit remained unclaimed and beneficiaries of members of pension funds) as reflected in the latest annual financial statements furnished to the Authority as at 28 February of the preceding levy year | Levy = Base amount + Variable amount | 5 533 200 | |
| 16. | Pension fund pension preservation fund, provident preservation fund, and retirement annuity fund | One | 2 213.28 | 17.93 x A | A = number of members and every other person who receives regular periodic payments from such a fund (excluding any member or such person, whose benefit remained unclaimed and beneficiaries of members of pension funds) as reflected in the latest annual financial statements furnished to the Authority as at 28 February of the preceding levy year | Levy = Base amount + Variable amount | 16 599 600 | |
| 17. | Pension fund administrator | One | 9 032.76 | V1 = 962.78 x AV2 = 1.16 x B | A = number of pension funds under administration as at 28 February of the levy yearB = number of members and every other person who receives regular periodic payments from such a fund (excluding any member or such person, whose benefit remained unclaimed and beneficiaries of members of pension funds under administration) as reflected in the latest annual financial statements furnished to the Authority as at 28 February of the preceding levy year | Levy = Base amount + V1 + V2 | Not applicable | |
| 18. | Collective investment scheme in securities | Four | 14 293.36 | V1= 2 287.42 x AV2= 0.0000575% x B | A = number of portfolios or funds at end of previous quarterB = total amount of assets managed at end of previous quarter | Levy = Base amount + V1 + V2 | Not applicable | |
| 19. | Collective investment scheme in hedge funds | Four | 14 293.36 | V1 = 2 287.42 x AV2 = 0.005145% x B | A = number of portfolios, funds or sub-schemes, at end of previous quarterB = total amount of assets managed at end of previous quarter | Levy = Base amount + V1 +V2 | Not applicable | |
| 20. | Foreign collective investment scheme | Four | 14 293.36 | V1 = 7 912.48 x AV2 = 0.0003917% x B | A = number of portfolios, funds or sub-funds at end of previous quarterB = total net amount of assets managed on behalf of South African investors at end of previous quarter | Levy = Base amount + V1 +V2 | Not applicable | |
| 21. | Collective investment scheme in Property | One | 14 293.36 | 110 664.00 x A | A =number of portfolios | Levy = Base amount + Variable amount | Not applicable | |
| 22. | Collective investment scheme in participation bonds | Levy determined four times per levy year, but total amount of the levy due for the levy year is paid once | 14 293.36 | V1 = 2 287.42 x AV2 = 0.0000575% x B | A= number schemes at end of previous quarterB = aggregate amount owing by mortgagers at end of previous quarter | Levy = Base amount + V1 + V2 | Not applicable | |
| 23. | Category I or IV financial services Provider | One | 3 983.90 | 575.45 x A | A = Average total number of key individuals plus average total number of representatives, calculated over the period 1 September of the preceding levy year to 31 August of the levy year | Levy = Base amount + Variable amount | 2 766 600 | |
| 24. | Category II, IIA or III financial services provider | One | 8 299.80 | V1 = 575.45 x AV2 = 0.0020578% x B | A = Average total number of key individuals plus average total number of representatives, calculated over the period 1 September of the preceding levy year to 31 August of the levy yearB = the total value of investments managed or administered on behalf of clients in terms of the authorisation as a financial services provider on 31 August of the levy year: Provided that investments under management or administration held in foreign currency must be included at the exchange rate published in the press at that date | Levy = Base amount + V1 +V2 | 2 766 600 | |
| 25. | Category I or Category IV financial services provider in respect of only the following financial products sub-categories: Long-term insurance subcategory A or Friendly Society Benefits | One | 3 983.90 | 250 x A | A = Average total number of key individuals plus average total number of representatives, calculated over the period 1 September of the preceding levy year to 31 August of the levy year | Levy = Base amount + Variable amount | 2 766 600 | |
| 26. | Financial Services Provider (authorised in multiple Categories) | One | | A person that is authorized 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 average total number of representatives, under the different 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 representatives who are approved or appointed under multiple categories are counted once for the purposes of the calculation.(3) = the total value of investments managed or administered on behalf of clients under the different categories on 31 August of the levy year: Provided that investments 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. |