What is FSP?
A Financial Service Provider (FSP) is a company that provides financial advice and/or intermediary services. It is made up of key personnel who are accountable for the FSP and all of its representatives.
FSP South Africa Contact Details
Contact Details
| Postal | PO Box 74571, Lynnwood Ridge, 0040 |
|---|---|
| Physical | 11th Floor, Menlyn Central Office Building, 125 Dallas Avenue, Waterkloof Glen, Pretoria, 0010 |
| Tel | 012 762 5000 / 012 492 9711 / 0860 066 3274 |
| Web | www.faisombud.co.za |
How do I get an FSP number in South Africa?
Log in to your online services account. Select ‘Register FSP (Individual)’ from the dashboard. Complete your application, entering the required details, which include: previous FSP numbers (if any)
How do I report an FSP in South Africa?
Generally, there are three steps to take when you have a dispute. These include the initial step of complaining to the financial institution itself, taking up the complaint with the relevant ombudsman or adjudicator, and then, as a last step, taking your unresolved dispute to the FSCA as a regulator.
How much does it cost to register FSP in South Africa?
Call our office for a free basic assessment to determine whether you meet the minimum requirements to apply for an FSP license. We charge a once-off upfront fee of R4000-00 for our services.
Who needs to register as FSP?
Registering an FSP
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.
How long does an FSP have to respond to a complaint?
The Ombud evaluates if a complaint has merit before informing an FSP, which usually has 30 days to respond from receipt of the complaint.
Who regulates FSP in South Africa?
The Financial Sector Conduct Authority (FSCA)
The Financial Sector Conduct Authority (FSCA) is responsible for market conduct regulation and supervision.