Welcome To

KEY INDIVIDUAL

NOW IS THE TIME TO GET INTO THE SOUTH AFRICAN FINANCIAL MARKET.

WHAT IS A KEY INDIVIDUAL

Due to increased and more robust regulations, the South African market is gaining a reputation for being a choice country for the expansion of international financial companies.

However, with the increasing regulations, acquiring a licence in South Africa is also becoming more difficult, resulting in a current increase in international applications. Now is the time to get into the South African financial market.

In order to provide any type of financial service in South Africa, a company has to apply for, and be issued with, an Financial Service Provider (FSP) licence.

One of the requirements for authorisation by the FSCA is the appointment of a Key Individual (KI).

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HOW DOES IT WORK

A KEY INDIVIDUAL NEEDS TO BE APPOINTED WHEN:

An entity applies for an FSP licence.

An FSP expands operations to include additional financial products.

A KI is replaced.

An additional KI is appointed for continuity purposes (something the FSCA is becoming very insistent on).

ROLE, FUNCTION AND RESPONSIBILITIES OF A KEY INDIVIDUAL

The role, function and responsibilities of a Key Individual are becoming far more complex and are moving towards a highly specialised field in its own right.

The majority of registered Key Individuals today don’t have the time, or the expertise, to fully comply. They are simply not equipped nor adequately trained for the very demanding and challenging role and responsibilities of a Key Individual in what is now a highly regulated market. Professional FSP Key Individual services and independent consultancy add-on services regarding FAIS, FICA, and all regulatory legislation are our primary line of business and area of expertise.

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SHOULD YOU WISH TO:

Set up an operation in South Africa

Apply for an FSP licence

Expand operations to include additional financial products (subcategory additions)

Need to appoint an additional KI to maintain an existing FSP licence

Require the services of a professional outsourced Key Individual or just require further information

CONTACT US

Email: info@keyindividual.co.za

Should you be a qualified Key Individual looking for employment opportunities, please don’t hesitate to send a copy of your CV to info@keyindividual.co.za