What we do

ICS offers specialist outsourced compliance solutions and risk management services to our clients who are authorised Category I, II and IIA Hedge Fund FSPs to comply with regulatory requirements and to manage compliance risks. This allows our clients to focus on achieving their business goals within the regulatory framework.

We specialise in the Financial Advisory and Intermediary Services Act (“FAIS”) and the Financial Intelligence Centre Act (“FICA”) and also provide advice on other financial services related legislation and regulations to our clients.

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 for the particular category of licence.

Why outsource to ICS?

ICS is an independent company which provides all its employees with the ability to function independently and objectively from clients.

The size of a business may not warrant a full-time in-house compliance officer or it may be that some form of additional compliance support is required. ICS can provide our services and support to clients in terms of an arms-length agreement in a cost-effective manner.

Services that ICS will provide:

ICS will monitor the effect of both the FAIS Act and the FIC Act in terms of regulatory requirements and the impact thereof on the products and services of clients.

Other services include:

Conducting compliance audits;
Conducting regular monitoring and sampling;
Assisting with compliance planning;
Reviewing of compliance policies and procedures;
Risk management;
Providing specimen compliance documentation;
Submission of applications to regulators; and
Liaison and interaction with regulators.


Download our Compliance Proposal HERE


If you would like to find out more about the services that ICS offers please contact us.