This South African Financial Services Provider (FSP) is authorized by the Financial Sector Conduct Authority (FSCA) under a Category I license. The company is authorized to provide advisory and intermediary services across multiple financial product categories.
South Africa South Africa FSCA Category I FSP Licensed Financial Services Provider for Sale
$80,000
Reserve Now| Regulator | Financial Sector Conduct Authority (FSCA) |
| Licence Type | Financial Services Provider (FSP) |
| Aorisation Category | Category I |
| Banking | Yes |
| Unique Selling Point |
Acquire a Category I Financial Services Provider (FSP) authorized by the Financial Sector Conduct Authority (FSCA) in South Africa.
This company is authorized to provide advisory and intermediary services across a broad range of financial products, making it suitable for businesses operating in insurance, investment advisory, and financial services.
An existing corporate bank account is already in place, reducing the setup work for a new owner.
Suitable for insurance, investment, deposit, and derivatives businesses.
Why this FSP?
Obtaining an FSP licence can be a lengthy regulatory process.
This acquisition provides an established licensed entity that is ready for transfer.
Key benefits include:
- FSCA Category I Financial Services Provider
- Existing corporate bank account
- Immediate acquisition opportunity
- Broad financial product permissions
- Suitable for advisory and intermediary businesses
- Clean platform for expansion into the South African market
Authorised activities
The license permits advisory and intermediary services relating to:
- Long-Term Insurance (Subcategory A)
- Derivative instruments
- Long-term deposits
- Short-term deposits
- Intermediary services for authorized financial products
- Non-automated financial advice in accordance with the FSCA license
The buyer must continue to comply with all license conditions and South African financial services regulations after the acquisition.
FAQ
1. What is a Category I FSP?
A Category I Financial Services Provider is authorized by the FSCA to provide financial advice and intermediary services for specified financial products.
2. What services can this company provide?
The license covers advisory and intermediary services for long-term insurance, deposits, derivative instruments and other authorized financial products.
3. Is a bank account included?
Yes. According to the seller, an existing corporate bank account is included with the company.
4. Who is this license suitable for?
The company may be suitable for insurance advisers, investment consultants, wealth managers and other regulated financial services businesses requiring a South African presence.
5. Why buy an existing FSP?
Purchasing an existing authorized FSP can reduce the time required to enter the South African financial services market compared with applying for a new license, subject to any applicable regulatory approvals.