Thinking of Starting an FSP? Here’s What You Should Know (Before You Dive In)
Thinking of starting a Financial Services Provider (FSP) in South Africa? This blog breaks down the essentials you need to know from FSCA requirements to avoiding common application pitfalls. Discover how the right guidance can simplify the process and get your FSP up and running smoothly.
4/14/20251 min read


So, you’ve decided to open up a Financial Services Provider (FSP)? Great choice!
But before you start googling application forms and regulatory exams, let’s just say there’s a bit more to it than meets the eye.
Here’s a high-level peek at what’s involved (without spoiling all the surprises 😉):
Licensing: It’s Not Just a Form
Becoming an FSP isn’t a click-and-go kind of process. You’ll need approval from the FSCA, and that involves ticking quite a few boxes such as documents, plans, and proof that you know what you’re doing.
Spoiler alert: We can help with all of that.
Fit and Proper? It’s a Thing.
The FSCA wants to know you're fit and proper not just in your exercise regime, but in actual compliance terms. This includes qualifications, exams, and experience. Sound intimidating? Don’t stress, we’ll walk you through what applies to your unique setup.
There’s Paperwork. Lots of It.
There’s business registration, compliance frameworks, risk frameworks, declarations…
(Okay, we’ll stop there before you panic.) Don’t panic. Application processes can be complex, but with the right support, yours can run smoothly from the start!
🤝 Want to Keep it Simple?
That’s where we come in. We help you:
Understand what’s required
Get your application in shape
Handle FSCA queries
And support you even after you’re approved
Ready to Start the Journey?
Don’t waste time trying to piece it together on your own. Let’s chat, and we’ll help you launch your FSP with confidence and clarity—no jargon, no drama. Remember don’t wait for opportunity to knock. create it.
Drop us a message if you’re ready to take the first step!
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FSPCOMPLY (PTY) LTD registration number 2025 /109133/07 is an authorised external compliance practice, approved by the Financial Sector Conduct Authority (Practice No. 8062).