Category II discretionary FSP licence in South Africa

About This Company

This company holds a Category II discretionary FSP licence granted in South Africa under the Financial Advisory and Intermediary Services Act 37 of 2002. It operates under supervision from the Financial Sector Conduct Authority, which was established in Pretoria in 2018 under the Twin Peaks model alongside the Prudential Authority. Regulatory permissions under the Atlas mapping cover portfolio management and investment advice. The authorisation remains domestic, meaning it cannot passport across other jurisdictions.

Its operating boundaries are defined by legislation. Discretionary mandates do not extend to over-the-counter derivatives execution. OTC derivative providers must hold separate authorisation as ODPs under the Financial Markets Act 19 of 2012. The buyer should verify the company entry on the FSCA public register using the trading name or FSP licence number to confirm its current status across categories (I-IV). A fee of R16,313 applies to standard applications. When transferring ownership, section 157 of the FSR Act defines significant ownership at the power to appoint 15% of the governing board or holding a qualifying stake. Ordinary FSPs notify the FSCA of new owners rather than seeking section 158 prior-approval, but a new key individual must secure approved fit-and-proper status via form FSP4D before starting duties.