FSP Licensing Support
Expert guidance for FSP license applications, acquisitions, and micro insurance licensing.
Securing the right Financial Services Provider (FSP) license is critical to operating legally and sustainably in South Africa.
At TTCS, we simplify the licensing process — helping you prepare, submit, and manage your application while ensuring you meet all FSCA “fit and proper” requirements.
FSP Licensing Applications
Category I FSP
Includes products like Crypto Assets, Forex, Insurance, Deposits, Pension Benefits, Securities, and Collective Investment Schemes.
Category II FSP (Discretionary)
Authorises investment managers to make discretionary decisions on behalf of clients.
Category IIA FSP (Hedge Fund)
Special licensing for hedge fund management under Collective Investment Schemes.
Category III FSP (Administrative)
Covers administrative services for insurance, pensions, securities, and forex.
Category IV FSP (Assistance Business)
Focused on funeral insurance and assistance business services.
FSP Application Process
Consultation
Assess eligibility, identify correct license category.
Document Preparation
Business plan, financial projections, compliance policies.
Submission
Application and supporting documents uploaded to the FSCA.
FSCA Liaison
Responding to queries during review.
Approval
License issued and activated.
FSP License Acquisition (Ownership Transfers)
Buying or taking over an existing FSP requires FSCA approval. TTCS ensures the transition is smooth, helping new owners meet ‘fit and proper’ requirements and managing client mandate transfers.
Micro Insurance Applications
The Prudential Authority and FSCA oversee micro insurance licensing under the Insurance Act of 2017. TTCS supports you with:
- Business plan and solvency requirements.
- Feasibility studies.
- Capital thresholds (minimum R3 million).
- Product compliance and regulatory submissions.
The TTCS Advantage
Trusted
FSCA-approved and backed by proven industry expertise.
Comprehensive
End-to-end solutions across compliance, risk, licensing, and training.
Efficient
Streamlined processes that save you time and reduce stress.
Proactive
Anticipating regulatory changes and preparing your business for the future.