Licensing Services for Financial Services Providers

Navigating the complex world of financial services licensing in South Africa starts with securing authorisation from the Financial Sector Conduct Authority (FSCA). Both trading entities and Key Individuals must meet rigorous FSCA requirements to operate as authorised Financial Services Providers (FSPs).
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At Moonstone Compliance, we’ve been streamlining FSP licence applications since 2004, leveraging our deep expertise to tackle unique challenges efficiently. Wondering how to start your FSP licence application or what’s involved in the process? Our team is here to guide you every step of the way, ensuring compliance and clarity. Explore our FAQs or contact us to simplify your journey to becoming an authorised FSP.

New FSP Licence Applications

We handle new licence applications for Category I, Category II, Category IIA, and Category IV FSPs, ensuring a seamless process from start to finish. Our key advantage lies in our ability to facilitate the entire application on your behalf, leveraging our deep understanding of FSCA procedures and potential challenges. This streamlined approach minimises delays, allowing you to prioritise your business goals.

Our process includes two critical phases:

Internal Phase

We work closely with you to identify your specific requirements and gather all the necessary documentation. Our seasoned analysts meticulously review your application to ensure it meets the FSCA’s standards before submission, reducing the risk of errors and delays.

External Phase

Once submitted, the FSCA reviews your application. If additional information is requested, our team promptly assists in addressing queries to keep the process moving smoothly.
Each application is treated with the highest level of expertise, backed by our dynamic team of professionals who prioritize precision and confidentiality. We adhere strictly to data protection regulations, safeguarding your sensitive information throughout the process.

Licence Amendments and Profile Changes

Remaining compliant doesn’t end with obtaining your FSP licence. If conditions under your existing licence change, you’re required to inform the FSCA Registrar and apply for amendments, commonly known as profile changes. We provide expert support for a range of updates, including:
  • Changes to personnel (Key Individuals, representatives, directors, shareholders, members, or trustees)
  • Appointment or change of Compliance Officers and auditors
  • Updating business and contact details
  • Adding or removing licence categories and sub-categories
  • FSP name changes or conversions
Our team ensures these updates are handled efficiently, keeping your FSCA registry profile accurate and compliant with minimal disruption to your operations.

Why Choose Moonstone Compliance?

Expertise Since 2004

With over two decades of experience, we navigate the intricacies of FSCA applications with unmatched proficiency.

Tailored Support

We provide personalised guidance, ensuring your application or amendment is handled with precision and care.

Efficiency and Accuracy

Our meticulous review process reduces errors and enhances approval prospects.

Confidentiality

Your sensitive information is protected with strict adherence to data protection regulations.

Dedicated Team

Our regulatory professionals offer comprehensive support, allowing you to focus on your business growth.

Who We Serve

We proudly support a diverse range of financial service providers, including:

Investment Space

  • Asset Managers
  • Derivative Issuers
  • Forex Providers
  • Hedge Funds
  • Linked Investment Service Providers
  • Private Equity Funds
  • Investment Intermediaries

Insurance Space

  • Long-term Insurers
  • Short-term Insurers
  • Cell Captives
  • Underwriting Managers
  • Insurance Intermediaries

Administrator Space

  • Funeral Administrators
  • Health Care Administrators
  • Pension Fund Administrators
  • Short-term Insurance Administrators

Other Clients

  • Banks
  • Stockbrokers
  • Call Centre Operations
  • Motor Dealerships
  • Independent Financial Services Providers

Frequently Asked Questions

Do I Need an FSP License?
Yes, you need a Financial Services Provider (FSP) license if you provide advice or intermediary services for financial products. This includes:
  • Advising clients on financial products
  • Facilitating financial transactions
  • Assisting clients in obtaining financial products
During the license application process, we’ll review your activities and clarify all requirements to ensure compliance with the Financial Sector Conduct Authority (FSCA).
What Type of FSP License Do I Need?
The right license depends on your business model. Common license types include Category I, II, IIA, or IV. To determine the correct one:
  • Share your business plan or service details
  • We’ll analyze your operations
  • We’ll recommend the appropriate license category and financial products
How Long Does the FSP License Application Take?
The timeline varies based on the license category and FSCA processing times. With our expertise, we minimize delays by:
  • Ensuring accurate and complete submissions
  • Following up promptly with the FSCA
We aim for a smooth and efficient FSP license application process.
What Are the Costs of Obtaining an FSP License?
We provide a transparent quote covering:
  • FSCA application fees
  • Moonstone’s professional service fees
There are no hidden costs—everything is clearly outlined before you start.
What If I Don’t Meet FSP Licensing Requirements?
If you lack certain requirements (e.g., documentation, experience, qualifications, or Regulatory Examinations), we’ll:
  • Identify gaps in your application
  • Provide actionable advice to address them
  • Guide you to meet FSCA standards before applying
Can You Assist with Changes to an Existing FSP License?
Yes, we help with all FAIS profile changes, including updates to:
  • Key individuals
  • Business details
  • License categories
  • Financial products
  • Company name
Our team ensures your license reflects your current operations.
Do You Offer Compliance Guidance After Licensing?
Absolutely. With over 20 years of experience in FAIS and FICA compliance, we provide:
  • Expert guidance on post-licensing obligations
  • Support to ensure ongoing compliance with legislation
  • Clear explanations of your regulatory responsibilities

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Let Us Simplify Your FSP Licensing Journey

Partner with Moonstone Compliance for expert support through every step of the FSCA licensing process. Whether you’re applying for a new FSP licence or updating an existing one, our team ensures a smooth, compliant, and stress-free experience. Have questions about the process? Explore our FAQs or contact us today to get started.
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