How to Renew a Licence

The opening date for renewal is 1st October in any given year. Licence holders are encouraged to submit the renewal application earliest, but no later than 31st December. If the renewal is not submitted before the existing license expires, the licence shall be automatically revoked and penalty fees will apply pursuant to Section 32 of the Financial Services Commission Act, Act No. 8 of 2023.

The following is a table for minimum required documentation and indicative timelines for the processing of an application for the renewal of a licence.

Minimum Required Documentation and Indicative Timelines for the Processing of an Application to Renew a Licence from the Financial Services Commission
Application Type Processing Time
Frame
Issuance of Licence Time Frame Minimum Required
Documentation
Relevant Forms
Renewal of Licence Within 30 working days
from receipt of complete application package
5 to 10 working days
after the Commission verifies payment of appropriate fee(s)
Refer to the last page of the form referred in (a) under relevant forms or Section 6 of the Guidelines
‘FSC/1/EG/005-1′

Submit all relevant documents here.

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