A Category I FSP renders financial services other than Discretionary FSP, Hedge Funds FSP, Administrative FSP (Insurance Contracts or Policies) and Assistance Business FSP.
|Category Description||Advice Automated||Advice Non-automated||Intermediary Scripted||Intermediary Other|
|Money market instruments||x|
|Debentures and securitised debt||x|
|Warrants, certificates and other instruments||x|
|Participatory interests in a collective investment scheme||x|
- Trading in foreign exchange.
- Trading in financial and commodity-based derivative instruments and other securities (eg. Futures, options, interest rates, foreign exchange instruments, shares, stock, contracts for differences etc.).
- Brokerage, consultancy or advisory services in any of the above services.
Details of this transaction:
- Company set up in 2016.
- Active but non-operational, no employees, no assets.
- Bank account in ZAR, USD and EUR, Desfran can also assist with more bank account applications.
- No unresolved legal issues, clean record.
- Base on this company license you can create a multiple forex brands to use in multiple markets.
- In terms of capital, the FSP shall maintain current assets which are at least sufficient to meet current liabilities
- Accounting requirements – annual submitting of audited financial statements
- Local office – not required
- Registered office – required
*Proof of funds required as well as KYC of potential entity or beneficial owner interested in purchasing this firm.