The Financial Sector Conduct Authority (FSCA) and Financial Advisory and Intermediary Services Act (FAIS) requires that every Financial Services Provider (FSP) be registered with the FSCA before they may legally conduct business.
Masthead is accustomed to how the FSCA 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.
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 FSCA on our clients’ behalf. It is also common practice for the FSCA to ask for additional information after the application has been submitted and we will provide hands-on assistance in dealing with the queries.
Before you can apply for an FSP licence, there are certain FAIS requirements such as education and experience that must be met.
For a checklist of documents required for an FSP licence application, click here.
Contact us if you need assistance with your FSP licence application or for more information on FAIS licensing 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!
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.