Applying for a Licence - Other NBFIs

The Second Schedule (Section 2) of the Financial Services Act provides for Financial Business Activities, in respect of Non-Banking Financial Institutions (NBFI's). These are categorised mainly into the financial services providers/activities and the specialised financial services/institutions.

The FSC ensures, prior to licensing any NBFI's that the applicant meets the "fit and proper" criteria and that it fulfills prudential requirements and conditions of operation.

The FSC ascertains inter alia that applicants have in place the necessary compliance functions including appropriate internal control measures, continuous internal audit and monitoring system, and adequate resources in terms of qualified personnel and equipment. Applicants are required to comply with the Code of Corporate Governance to prevent conflict of interest, financial crimes and money laundering.

If you wish to conduct business in these activities, please consult the relevant application kit.

FS-1.1 Assets Management

FS-1.2 Distribution of Financial Products

FS-1.3 Pension Fund Administrators

FS-1.4 Pension Scheme Management

FS-1.5 Registrar and Transfer Agent

FS-1.6 Treasury Management

FS-1.7 Custodian Services (non-CIS)

Specialised financial services /institutions

FS-2.1 Retirement Benefits Scheme

FS-2.2 Superannuation Funds

FS-2.3 Credit Finance

FS-2.4 Factoring

FS-2.5 Leasing

FS-2.6 Occupational Payment Scheme

FS-2.7 Actuarial Services

FS-2.8 Credit Rating Agencies/Rating Agencies

FS-2.9 Payment Intermediary Services

FS-2.10 Representative Office (for financial services provided by a person in a foreign jurisdiction)

FS-2.11 Other Financial Business Activity