FAIS Licensing & Profile Changes

The Financial Services Board (FSB) and Financial Advisory and Intermediary Services Act (FAIS) requires that every Financial Services Provider (FSP) be registered with the FSB before they may legally conduct business.

Masthead is accustomed to how the FSB operates and is familiar with the processes it follows for FAIS licensing. We can therefore help make the process of applying for an FSP licence smoother and quicker.

Applying for an FSP licence

Masthead assists clients through the entire process of applying for a FAIS licence (or more commonly referred to as an FSP licence). Our compliance experts will assess the licence submission criteria, assist with the application forms, help compile the supporting documents and submit them to the FSB on our clients’ behalf. It is also common practice for the FSB to ask for additional information after the application has been submitted and we will provide hands-on assistance in dealing with the queries.

What do I need before I can apply for a Category I FSP licence?

Before you can apply for an FSP licence, there are certain FAIS requirements such as education and experience that must be met. Use the checklist below to ensure that you have all the requirements in place before applying for a FSP licence.

icon01 New FSP Licence Application Checklist

Contact us if you need assistance with your FSP licence application or for more information on FAIS licensing requirements.

Other FSP Licence requirements

We have assisted many FSPs with their Category II, Category IIA, Category III and Category IV licences. Contact us so we can help you too!

Profiles changes to an existing FSP licence

A formal process needs to be followed when making profile changes to an existing FSP licence. Profile changes include changes to the FSP name, adding or removing of key individuals or representatives. Masthead assists FSPs with completing the required documentation and handle any queries from the regulators.

Contact us if you need assistance with your FSP licence profile changes.

MASTHEAD IS

A national supplier of risk management services to independent financial advisors and other licensed financial service providers (FSPs). Established in 2004, we help our clients overcome their risk management challenges so they can grow and thrive in an increasingly regulated industry. Providing professional guidance and practical support, our team of specialists is passionately committed to delivering tangible solutions.

Why Masthead?

CONTACT US

Phone:

+27 21 686 3588

E-mail:

 info@masthead.co.za