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Licenses & Regulation

  • Official Compliance

Regulation and licences

Nu Mkts Corp. in partnership with TotalFX – the brand name of Onam Trading (Pty) Ltd,  is a company incorporated and registered under the laws of South Africa and authorized as Financial Service Provider (“FSP”) by the South Africa Financial Sector Conduct Authority (“FSCA”) with FSP number 51105. 

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About FSCA

The FSCA was established to be the dedicated market conduct regulator in South Africa’s Twin Peaks regulatory model implemented via the Financial Sector Regulation Act. Our mandate includes all financial institutions that provide a financial product and/or a financial service as defined in the Financial Sector Regulation Act. The FSCA’s mandate is expressed through the following strategic objectives:

Improve industry practices to achieve fair outcomes for financial customers

Harmonise regulatory and supervisory frameworks

Accelerate the transformation of the FSCA into a socially responsible, efficient and responsive organisation

Empower households and small businesses to be financially resilient

Promote the development of an innovative, inclusive and sustainable financial system

Act against misconduct to support confidence and integrity in the financial sector