South Africa FSCA Derivatives License

Key details

• Monthly operating cost: approximately 5k USD in total
• Regulatory margin: no requirement once the account is opened
• Annual fee and audit: submitted to the FSCA each year, at an additional cost of 4-5k USD

Operational requirements

• One local director
• One Key Individual
• A local office address
• One local compliance officer
• A local management company responsible for maintenance

Why a derivatives licence

• Operate legally under the FSCA framework for derivatives trading in South Africa
• Direct access to South Africa’s financial markets and derivative instruments
• Greater client confidence from an FSCA-regulated licence
• Expansion of investment or trading services to professional and retail clients
• An existing licence acquired at once, without a lengthy application process