EN#0368 – South African Category I and II FSP license, ready to operate, regulated by FSCA, for sale
An opportunity to acquire a newly authorized South African Financial Services Provider holding both Category I and Category II (Discretionary) licenses issued by the Financial Sector Conduct Authority (FSCA). The entity has been established as a clean and compliant regulatory platform for the provision of financial advice, intermediary services, non-discretionary investment services, and discretionary portfolio management.
Key Highlights:
- License and Permissions: The license authorizes the company to provide:
o Financial advice
o Intermediary services
o Non-discretionary investment services (Category I)
o Discretionary portfolio management services (Category II)
- Approved Financial Products: The authorized financial product categories include:
o Long-Term Insurance Subcategory C
o Shares
o Money-Market Instruments
o Debentures and Securitized Debt
o Warrants, Certificates, and Other Instruments
o Bonds
o Derivative Instruments
o Participatory Interests in Collective Investment Schemes
o Long Term Deposits
o Short Term Deposits
- Regulatory Standing: The entity is in good standing with the FSCA, with no regulatory investigations, license conditions, enforcement actions, compliance findings or outstanding supervisory matters.
- Operational Status: The company is operationally ready from a governance, compliance and regulatory perspective but has not yet commenced servicing clients or conducting investment activities.
- Governance and Management: The entity is supported by experienced directors and an FSCA-approved Key Individual with expertise in financial services, banking, investment management, financial markets, governance and regulation. Subject to mutual agreement, the existing directors and Key Individual are willing to remain during a transition period.
- Compliance Framework: A comprehensive governance and compliance framework is in place, including AML/CFT and KYC procedures, a Compliance Management Framework, Compliance Monitoring Programme, Risk Management Framework, Conflict of Interest Policy, Complaints Resolution Policy, Treating Customers Fairly framework, POPIA Policy, Business Continuity Plan and operational-risk controls.
- Banking Infrastructure: An operational business bank account has already been established. Client segregated trust accounts have not yet been opened as the entity has not commenced client operations, and it may be established when required.
- Regulatory Capital: The entity complies with the applicable FSCA financial-resource requirements and currently maintains regulatory capital above the prescribed minimum.
- Financial Position: The company has no known debt, borrowings, litigation, contingent liabilities, regulatory penalties or historical client claims.
This South African FSP represents an attractive acquisition opportunity for investment managers, wealth-management firms, financial advisers, brokers, fintech groups and international financial-services businesses seeking a clean and scalable South African regulatory platform.
For further information on the sale of this South African FSP, 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 authorizations for investment, payments or crypto-asset services, ongoing regulatory compliance consultancy for such licensed entities, and support in successfully acquiring ready-made regulated entities.
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