A newly established South African FSP is offered through acquisition of all shares, combining investment-product permissions with crypto-asset scope and an existing FNB corporate banking relationship.
Regulatory Scope
The partner describes non-automated advice and intermediary services under Category I and discretionary portfolio management under Category II. The product schedule includes investments, derivatives, fund interests, deposits and crypto assets.
Included Assets and Records
- Corporate and Category I/II licence records
- Product-permission schedule
- Existing First National Bank corporate account
Acquisition Review
The exact service and product conditions require documentary review. Incoming ownership, responsible-person arrangements and bank mandates must be addressed in the transaction plan.
Commercial terms: Available on request, subject to current availability and due diligence.