| Category | What it permits |
|---|---|
| Category I | Advice and intermediary services on financial products |
| Category II | Discretionary management, trading on a client's behalf without asking each time |
| Category IIA | Hedge fund management specifically |
| Category III | Administrative services, platforms and LISPs |
| Category IV | Assistance business administration |
| ODP | Over the counter derivative provider, issuing derivatives as principal |
| Check | Why |
|---|---|
| Is the licence active | A lapsed or suspended licence still shows a number |
| Which category is held | Category I alone does not cover issuing CFDs |
| Is an ODP licence held | Required to issue OTC derivatives to South African clients |
| Which products are listed | Each category names the product subcategories it covers |
| Are there conditions | A licence can carry restrictions that limit what may be offered |
| What is offered to you | Category required |
|---|---|
| Advice on a financial product | Category I |
| Placing a trade on your instruction | Category I |
| Issuing a CFD as principal | ODP |
| Managing your account at their discretion | Category II |
| Running a platform holding your investments | Category III |
| Managing a hedge fund | Category IIA |
Data maintained by TradeAnswers · updated as the figures change