As a Recognised Body, duly authorised by the FSB to act on their behalf, we are obliged to comply with very strict requirements laid down by the regulator. It is therefore very important that you familiarise yourself fully with the requirements and only submit your documentationonce you are ready.
To apply through Moonstone, please contact Naseemah Mullah at 021 883 8000, nmullah@moonstoneinfo.com to discuss the process or your needs in order to avoid unnecessary work or delays.
Please also note that the FSB reserves the right to call for more information once we have submitted your documentation to them. This has caused frustration for applicants in the past but is unfortunately beyond our control. We can assure you that our relationship with the FSB is such that all applications are treated with the utmost urgency to expedite issuing thereof.
Duration of Licensing process
The licensing process at Moonstone (before submission to the FSB) takes approximately 6 to 8 weeks. Any application that is not finalised within this prescribed time frame due to non-submission of all relevant information then has tobe cancelled.
After we submit your application documents to the FSB they also have their own turn-around-time before the final decision is made. We regretably have no control over this part of the application, but will keep tabs on your behalf to expedite finalisation.
Scheduling of Fees
The schedule of fees is set out in the documentation sent to new applicants and depends on the nature and complexity of the license required. Should you need assistance to calculate the fee for your specific entity, please contact Naseemah Mullah.
A formal invoice together with a temporary FSP number will be issued on receipt of all documentation required. Processing of documentation can unfortunately only begin when we have proof of payment.
Documentation to be completed
The forms and documentation required will be determined during your initial contact with Naseemah. Fully completed forms will enable us to do the in-depth analysis required by the FAIS Act before submitting your application to the FSB for approval.
You are in good hands
We have been handling licensing applications right from the beginning, and have all the experience that you require to make it as painless a process as possible for you. Please contact Naseemah now to get the ball rolling.
Please phone our head of licensing, Louise van Niekerk at 021 883 8000 or contact her via e-mail at lvanniekerk@moonstoneinfo.com
Profile Changes
In terms of the regulations an authorised financial service provider must communicate any changes to the information submitted during the licensing application process to the Registrar within 15 days of such changes.
The following profile changes can be effected through Moonstone. Please note the prescribed fee for profile changes is the same as charged by the FSB, barring VAT.
Name Changes - R285
Adding a new Key Individual - R251
Adding a Financial Product (Category) or variation of products - R821
Change of Compliance Officer - R342
Change of Auditor - R160
Upgrade from a Category I License to a Category II or Discretionary FSP license (Investment Managers) Fee R9713
For any profile changes contact Karin van Wyk at 021 883 8000 or via e-mail at karin@moonstoneinfo.com.
