REGISTRATION

Who
All accountable and reporting institutions – listed in Schedules 1 and 3 of the FIC Act, respectively.  

Why
Registration with the FIC is a legal obligation in terms of the FIC Act, as amended. Registration with the FIC enables accountable and reporting institutions to fulfil other FIC Act compliance obligations.

When
Within 90 days from the date the business commenced. 

How
All registrations must be completed and submitted to the FIC electronically within the prescribed period using the goAML registration system. In exceptional circumstances an accountable or reporting institution may make use of a manual paper-based mechanism to register.