FSP licence with crypto asset authorisation in South Africa

About This Company

On offer from the seller is a South African financial services provider (FSP), licensed by the Financial Sector Conduct Authority (FSCA), with a Category I licence that includes crypto asset authorisation. It falls under the Financial Advisory and Intermediary Services Act 37 of 2002. The licence is domestic and does not passport. The seller says each product on the list is covered in Advice Non-automated and Intermediary Other, the two service types. For insurance these are the long-term classes A, B1, B2, B2-A, B1-A and C, and personal lines of short-term insurance. Deposit permissions take in structured deposits and those of both longer and shorter term. Securities permissions cover shares and bonds, money-market instruments, securitised debt and debentures, derivatives, and warrants and certificates. On pensions the licence reaches benefits from retail pensions and from pension funds. Fund permissions cover participation in a hedge fund and in collective investment schemes. Crypto assets are on the same schedule, for advice and for intermediation. According to the seller, the FSCA made crypto assets a regulated financial product in October 2022, which is why these permissions matter to anyone planning crypto advisory or intermediation work in South Africa. For standing, the seller states that nothing is on record in the way of enforcement or regulatory problems, and that no debts or liabilities attach to the licence. Full documentation is shared only under an NDA. The seller describes the licence as available for immediate acquisition. Likely buyers, it says, include insurance intermediaries, advisers and broader financial groups, as well as fintech and crypto operators.