Financial services providers (FSPs) can find themselves lost in a maze of regulatory requirements, extensive documentation, and intricate processes when seeking authorisation from the Financial Sector Conduct Authority (FSCA). This is why Moonstone Compliance offers comprehensive licensing services that transform a potentially overwhelming journey into a streamlined, manageable experience. For more than two decades, Moonstone […]
The Financial Sector Conduct Authority is preparing a contingency plan if the Conduct of Financial Institutions (COFI) Bill faces further delays in 2025. The regulator’s backup strategy includes formal consultations and the phased introduction of its subordinate legislative framework. This was among updates shared at the FSCA’s 2025 annual Industry Conference last week regarding the […]
The Financial Sector Conduct Authority has made significant strides in regulating crypto asset service providers (CASPs) under the Financial Advisory and Intermediary Services Act. Since the licensing process began on 1 June 2023, the FSCA has received a total of 420 CASP licence applications. Of these, 248 have been approved, while nine were declined. Another […]
Anyone who provides financial advice or intermediary services in respect of crypto assets will have to register as an FSP following the FSCA’s declaration that these assets are financial products under the FAIS Act. The declaration was made in General Notice 1 350 of 2022 and took effect from 19 October. It puts in place […]
