A newly established South African company holding an FSCA Category I FSP licence is offered for acquisition of all shares. The partner reports that trading has not commenced.
Regulatory Scope
The listed permissions cover non-automated advice and intermediary services across securities, derivatives, fund interests, deposit products, long-term insurance and pensions, subject to the actual product schedule.
Acquisition Package
- Existing financial-services company and Category I authorisation
- Company and licence materials for acquisition review
Transaction Review
Key Individual, compliance and AML services, premises and director-search support are optional arrangements with separate terms. The buyer should confirm required appointments, current permission conditions and ownership notifications before implementing the operating plan.
Commercial terms: Available on request, subject to current availability and due diligence.