ICS offers specialist outsourced compliance solutions and risk management services to Category I, II and IIA Hedge Fund FSPs.
We specialise in the Financial Advisory and Intermediary Services Act (“FAIS”) and the Financial Intelligence Centre Act (“FICA”).
We assist our clients to comply with the necessary regulatory requirements, manage compliance risks and strive to foster good relationships between our clients and regulators, so our clients can focus on achieving their business goals.
ICS provides legal support and facilitates FAIS license applications, sees to the implementation of all FAIS profile changes and provides support and advice to clients on all FAIS and FICA related compliance matters.
What is Compliance?
In this context “compliance” is the legal term used to describe a person or entity acting in accordance with the provisions of FAIS and FICA.
Every business in the financial advisory and intermediary services industry must ensure that they operate their business in terms of the provisions and limitations set out in these Acts.
Who needs a Compliance Officer?
Any authorised FSP with one or more representatives or more than one key individual must appoint one or more compliance officers approved by the FSCA.