JOHANNESBURG, South Africa, Dec 3 (Bernama-GLOBE NEWSWIRE) — EBC Financial Group SA (Pty) Ltd has received approval from the Financial Sector Conduct Authority (“FSCA”) as an Authorised Financial Service Provider, marking a strategic milestone in the firm’s African expansion plans. This regulatory approval represents an essential first step as EBC Financial Group (“EBC”) works toward establishing a presence in South Africa’s rapidly growing fintech ecosystem.
David Barrett, CEO of EBC Financial Group (UK) Ltd., said, “The FSCA’s approval represents an important milestone in our global expansion. This complements our existing licences, such as those from the Financial Conduct Authority (FCA) for EBC Financial Group (UK) Ltd, and other entities within our group regulated by the Cayman Islands Monetary Authority (CIMA), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission of Mauritius (FSC). This acquisition positions us to serve one of the continent’s most active trading markets while upholding the regulatory standards and transparency that define our operations worldwide.”