The FSCA is a prestigious regulatory body in South Africa. They are the government of South Africa’s financial regulatory agency responsible for the entire non-banking financial services industry in South Africa. It is an independent body that supervises and regulates the financial services industry in the public interest. This includes the regulation of the biggest stock exchange in continental Africa – the Johannesburg Stock Exchange. The FSCA also regulate all Capital Markets, Financial Service Providers, Collective Investment Schemes, Insurers, and Retirement Funds etc… (More information can be found here: https://www.fsca.co.za/).
PROFESSIONAL INDEMNITY INSURANCE
Mt.Cook falls under all required mandatory professional indemnity insurance policy which includes negligence, fraud, errors and omissions, breach of duty and civil liability, business interruption, cyber security and technology breaches, dishonest conduct of employees.
CLIENT MONEY HANDLING
Mt.Cook maintains stringent compliance policies in all aspects of its business to ensure that they remain up-to-date on all obligations. As such, client capital is held in segregated accounts, independent from the company’s working and operating capital.
Mt.Cook works with reputable vendors, custodian banks, prime brokers, stakeholders and technology providers. We are very discerning when it comes to our industry partners in order to fulfill our mandate of providing clients with a safe, stable, proficient and robust brokerage.
Mt.Cook is fully compliant with, and strictly adheres to guidelines set by both local and International Anti-money Laundering and Countering Financing of Terrorism Acts and Policies. A carefully designed AML/KYC Progamme and Risk assessment have been designed and put in place to screen for politically exposed persons (PEPs) and to keep Mt.Cook and our clients protected from engaging with criminals and money launderers. Mt.Cook screens our applicants against various watch lists and databases prior to being accepted as clients. A brief overview of our compliance program can be found here.
Your privacy is assured by Mt.Cook which applies to our existing clients as well as inquiries made by prospective clients. We are advocates of privacy, so would not compromise the privacy of any party when we in fact wish to teach privacy and protect privacy and this is held as a high priority.