CAPITAL.COM RECEIVES FSCA APPROVAL

Dual licences establish local regulatory framework

Capital.com has announced that it has secured two regulatory approvals from South Africa’s Financial Sector Conduct Authority (FSCA), allowing the company to operate under local regulatory oversight. The global fintech group has been authorised as both an Over-the-Counter Derivatives Provider (ODP) and a Category 1 Financial Services Provider (FSP).

According to the company, the approvals establish the regulatory framework through which Capital.com will conduct its operations in South Africa under FSCA supervision.

ACCESS TO MULTIPLE FINANCIAL MARKETS

Trading platform to offer more than 5,000 markets

Capital.com South Africa plans to onboard local clients and provide access to contracts for difference (CFDs) across more than 5,000 markets. These include equities, commodities, indices and foreign exchange instruments. The company will also be authorised to execute derivative transactions in accordance with South Africa’s regulatory framework governing derivatives providers.

The ODP licence additionally permits the company to offer crypto CFDs under FSCA supervision.

CATEGORY 1 FSP LICENCE EXPANDS LOCAL OPERATIONS

Marketing and intermediary services authorised

In addition to its derivatives provider approval, Capital.com South Africa has received authorisation as a Category 1 Financial Services Provider. The licence permits the company to market and promote its services locally as an approved financial services provider and to provide intermediary services for approved financial products, including shares and other investment products, subject to regulatory requirements.

The company noted that these services will be delivered within the parameters established by the FSCA’s regulatory framework.

LOCAL LEADERSHIP APPOINTED

Travis Robson named South Africa CEO

Capital.com has appointed Travis Robson as Chief Executive Officer for South Africa. The company said Robson brings extensive experience in regulated financial services environments, including the establishment of governance structures, regulatory engagement and oversight of regulated trading operations.

The appointment forms part of the company’s strategy to establish a locally governed and regulated presence within the South African financial services sector.

REGULATED EXPANSION CONTINUES

South Africa follows Kenya authorisation

Capital.com said the South African approvals follow its recent regulatory authorisation by the Capital Markets Authority of Kenya, reflecting the group’s broader strategy of entering markets through local regulatory approval and supervision.

The company currently operates through entities authorised by several international regulators, including the UK’s 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.