EN#0249– South Africa Category 1 & 2 FSP license for sale
An authorised Financial Service Provider (FSP) license in South Africa regulated by the Financial Sector Conduct Authority (FSCA) is available for sale.
The South African Category 1 & 2 FSP has been licensed since 2021 and is able to provide the following Category I & II Financial Services:
Category I FSP
| Financial Product | Advice (automated) | Advice (non-automated) | Intermediary Scripted | Intermediary Other |
|---|---|---|---|---|
| Long-Term Insurance subcategory A | X | X | ||
| Short-Term Insurance Personal Lines | X | X | ||
| Long-Term Insurance subcategory B1 | X | X | ||
| Long-Term Insurance subcategory B2 | X | X | ||
| Long-Term Insurance subcategory B2-A | X | X | ||
| Long-Term Insurance subcategory B1-A | X | X | ||
| Short-Term Insurance Personal Lines A1 | X | X | ||
| Structured Deposits | X | X | ||
| Securities and Instruments | X | X | ||
| Participatory interests in a hedge fund | X | X | ||
| Long-Term Insurance subcategory C | X | X | ||
| Retail Pension Benefits | X | X | ||
| Short-Term Insurance Commercial Lines | X | X | ||
| Pension Funds Benefits | X | X | ||
| Shares | X | X | ||
| Money market instruments | X | X | ||
| Debentures and securitized debt | X | X | ||
| Warrants, certificates, and other instruments | X | X | ||
| Bonds | X | X | ||
| Derivative instruments | X | X | ||
| Participatory interests in a collective investment scheme | X | X | ||
| Long-term Deposits | X | X | ||
| Short-term Deposits | X | X |
Category II FSP
| Financial Product | Advice (automated) | Advice (non-automated) | Intermediary Scripted | Intermediary Other |
|---|---|---|---|---|
| Shares | X | X | ||
| Money market instruments | X | X | ||
| Debentures and securitized debt | X | X | ||
| Warrants, certificates, and other instruments | X | X | ||
| Bonds | X | X | ||
| Derivative instruments | X | X | ||
| Participatory interests in a collective investment scheme | X | X |
Additionally, the entity has one bank account, and it is connected with 2 Payment Service Providers.
Finally, the monthly expenses for this Category 1&2 FSP reach up to 7,000 USD.
For further information on the sale of this FSP Category 1&2 license under the FSCA in South Africa, please contact our Mergers & Acquisitions team at info@salvusfunds.com. More entities for sale can be found within our Entity Acquisition or Sale service.
SALVUS Funds’ teams can be engaged for guiding on new license authorisations for investment, payments or crypto-asset services, ongoing regulatory compliance consultancy for such licensed entities, and support in successfully acquiring ready-made regulated entities.
#StayAhead