Tag archives: Financial Advisory and Intermediary Services Act

DEADLINE FOR CRYPTO ASSET SERVICE PROVIDER LICENCE APPLICATIONS – 30 NOVEMBER 2023

On 19 October 2022, the FSCA declared crypto assets as a financial product under the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) as published in General Notice 1350 of 2022 (Declaration).  Together with the Declaration, the FSCA also published FAIS Notice 90 of 2022 which contained a general exemption of persons rendering financial … Continue reading

Update on crypto assets as a financial product

This blog was co-authored by Julian Scholtz, Candidate Attorney. During October 2022, the Financial Sector Conduct Authority (FSCA) declared crypto assets to be a financial product under the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act). The FSCA provided an update on 11 May 2023 and published the Exemption of Persons Rendering a Financial … Continue reading
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