We provide Compliance Services on a month to month basis. We do not require our FSP's to sign a 12 month contract with us. We understand that the FSP's circumstances and needs may change therefore we have structured our offering to suit the FSP's business environment.
We provide the following services, including but not limited to:
Implement and maintain policies and procedures
Compliance Monitoring visits
Risk Management Plans
Integrate the outcomes of Treating Customers Fairly (TCF)
Assistance with FICA and POPI obligations
Assistance with FAIS Ombud matters
Comprehensive library of FAIS document/templates
Assist FSP’s to confidently meet internal and external compliance requirements and standards
Provide resources and guidelines to help create and maintain a successful compliance programme
Tools, documents and procedures to maintain operational ability
Educate and guide FSP’s on the Fit and Proper Requirements
Integrate corporate governance, risk management and compliance processes
Empower the FSP’s decision makers with compliance monitoring reports and updates
Equip the FSP to successfully prepare for an FSCA or FICA audit
Submit Profile Changes to the FSCA
Add and Remove Representatives from the FSP's licence within 24 hours, provided that the Reps have valid SA ID numbers.
Our basic compliance fee starts from R1000-00 per month, depending on the nature of the FSP's business as well as location. We charge an additional monthly fee of R250-00 per Key Individual and/or Representative on the FSP licence. Call Centres and Juristic Representatives rates will differ from the above.