FAIS and FSCA compliance software for South African financial services providers.
Licence conditions, representative register, fit-and-proper evidence, CPD hours, compliance reports and FICA overlap — disciplined and dated.
Regulators
- FSCA — Financial Sector Conduct Authority — FSP licensing, licence conditions, representative and key individual oversight, statutory returns.
- Financial Intelligence Centre — Accountable institution duties: RMCP, customer due diligence, cash threshold and suspicious transaction reporting.
- Prudential Authority — Prudential requirements where the business also carries an insurance or bank-related licence.
- Information Regulator — POPIA duties over client financial and identity data.
- Ombud for Financial Services Providers — Client complaints, determinations and the internal complaints process.
What the engine tracks
- Licence and category register with condition tracking
- Representative and key individual register: appointment, supervision, competence, debarment
- Fit-and-proper evidence vault — qualifications, RE1 and RE5, experience, honesty and integrity
- CPD hour ledger per representative and key individual with cycle tracking
- Statutory return and compliance report calendar
- FICA pack: RMCP review, CDD files, cash threshold and suspicious reporting discipline
- Complaints register aligned to the internal complaints process
What is included
- 20 SA-specific FSP requirements
- Representative and key individual register
- CPD ledger with cycle tracking
- Fit-and-proper evidence vault
- Email reminders at 60/30/14/7/3/1 days
- One-click evidence pack for a FSCA visit
Penalties
- Financial Advisory and Intermediary Services Act 37 of 2002, s36 — offences: Fine or imprisonment, plus licence suspension or withdrawal and debarment
- Financial Sector Regulation Act 9 of 2017, s167 — administrative penalties: Unlimited administrative penalty determined by the FSCA
- Financial Intelligence Centre Act 38 of 2001, s51 — non-compliance: Up to R10 000 000 for a natural person and R50 000 000 for a legal person
- Protection of Personal Information Act 4 of 2013, s107 — offences: Up to R10 000 000 or 10 years imprisonment
Frequently asked
Does TefCo replace my compliance officer?
No. It gives your compliance officer or external compliance practitioner a single disciplined system — registers, deadlines, evidence and an audit trail — instead of spreadsheets. TefCo does not give financial or legal advice.
Can I track CPD per representative?
Yes. Each representative and key individual has a CPD ledger with hours, provider, category and cycle end date, with reminders before the cycle closes.
Does it cover FICA as well?
The FSP engine carries the core accountable-institution items, and the full AML/FICA engine is available where you need the deeper RMCP, CDD and reporting workflow.
How is it priced?
R399/month as a Single Specialist engine, or included in Full Stack Specialist at R1,200/month.