The financial business activities, as listed in the Second
Schedule of the Financial Services Act are:
This list is not exhaustive and the FSC Rules may provide for
other financial business activities.
The FSC ensures, prior to licensing any Non-Banking Financial
Institution (NBFI), that the applicant meets the "fit and proper"
criteria and fulfils certain prudential requirements and conditions
of operations. Applicants are required to apply rules of
corporate governance and adopt clear measures to prevent conflict
of interest and to prevent financial crimes and money
The FSC ensures inter alia that applicants have in
place the necessary compliance functions, appropriate internal
control measures and continuous internal audit and monitoring
system, it has adequate resources in terms of qualified personnel
Applying for a licence - Other
Register of Licensees