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Capital.com has received dual regulatory approval from South Africa's Financial Sector Conduct Authority (FSCA), authorising the global fintech group as both an Over-the-Counter Derivatives Provider (ODP) and a Category 1 Financial Services Provider (FSP).
The approvals establish Capital.com's regulated operating framework in South Africa and permit the firm to onboard clients and provide access to contracts for difference (CFDs) across more than 5,000 markets, spanning equities, commodities, indices and foreign exchange. The licence also covers crypto CFDs under FSCA supervision.
As a Category 1 FSP, Capital.com South Africa is authorised to market and promote its services locally, and to provide financial services and intermediary (non-advice) services for approved financial products, including shares and other investment products, subject to FSCA requirements.
Valentina Rzheutskaya, Executive Director, Capital.com
Valentina Rzheutskaya, Executive Director, Capital.com said:
"Operating under local regulatory supervision is fundamental to how we approach market entry. The FSCA approvals define the framework within which Capital.com is permitted to operate in South Africa, including the standards we must meet around governance, conduct and risk controls."
Capital.com has appointed Travis Robson as Chief Executive Officer for its South African business. Robson is described as a senior financial services executive with experience in building regulated businesses, establishing local governance structures, engaging with regulators and overseeing regulated trading operations.
Travis Robson, Chief Executive Officer, South Africa, Capital.com commented:
"Operating through a regulated local entity matters because it shapes the environment in which decisions are made. Our role is to ensure clients engage with markets within a framework that is governed, supervised and designed to prioritise clarity around risk. By operating under FSCA oversight, we are focused on providing access to markets in a way that supports informed decision-making."
The South Africa approvals follow Capital.com's recent regulatory authorisation by the Capital Markets Authority of Kenya. The group holds licences through regulated entities authorised by financial regulators including the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, the Securities Commission of The Bahamas, the UAE Capital Market Authority, the Bermuda Monetary Authority and the Capital Markets Authority of Kenya.
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