ODP Timeline

Understanding the Typical ODP Licensing Timeline

Every ODP licence application is different.

The overall timeline depends on the complexity of the proposed business, the preparedness of the applicant and the time required to develop the governance, compliance and operational framework expected by the Financial Sector Conduct Authority (FSCA).

While every application is assessed on its own merits, the licensing process generally follows the stages outlined below.

Stage 1 – Initial Consultation

Typical Duration: 1–2 Weeks

The process begins with a confidential consultation to understand your proposed business model, licensing objectives and regulatory requirements.

This stage allows us to assess the project, identify potential challenges and determine the most appropriate licensing strategy.

Stage 2 – Planning & Preparation

Typical Duration: 2–4 Months

This is usually the most important phase of the entire project.

During this stage, we work closely with your team to prepare the business for licensing by developing the required governance structures, compliance framework, operational procedures and supporting documentation.

Activities typically include:

• Corporate governance

• Executive appointments

• Business planning

• Risk management framework

• Compliance programme

• Financial planning

• Internal policies and procedures

A well-prepared application significantly improves the efficiency of the regulatory review process.

Stage 3 – Application Submission

Typical Duration: Approximately One Week

Once all documentation has been completed and reviewed, the application is submitted to the Financial Sector Conduct Authority.

We coordinate the submission process and ensure that the application is complete before lodgement.

Stage 4 – Regulatory Review

Typical Duration: 4–6 Months

Following submission, the FSCA undertakes a detailed review of the application.

During this period, the regulator may request clarification or additional information depending on the specific business model and application.

We remain actively involved throughout this stage, coordinating responses and assisting with regulatory enquiries.

Stage 5 – Licence Approval

Once the FSCA has completed its assessment and all regulatory requirements have been satisfied, the ODP Licence may be granted.

Following approval, businesses must continue to meet their ongoing governance, compliance and regulatory obligations.

ODP Gateway remains available to assist clients with post-licensing support where required.

Estimated Overall Timeline

Although every project is unique, a typical ODP licensing engagement may follow the timeline below:

Initial Consultation
1–2 Weeks

Preparation & Documentation
2–4 Months

Application Submission
Approximately 1 Week

FSCA Regulatory Review
4–6 Months

Estimated Total Project Duration
Approximately 6–10 Months

Please note that these timeframes are intended as general guidance only. Actual timelines may vary depending on the complexity of the application, the readiness of the applicant and the regulatory review process.

Why Early Planning Matters

The greatest influence on the overall timeline is often the level of preparation before the application is submitted.

Businesses that invest time in developing strong governance structures, operational frameworks and complete supporting documentation are generally better positioned for a more efficient regulatory review process.

Ready to Begin?

Whether you are planning a new OTC derivatives business or expanding an existing financial institution into South Africa, we can help you understand the process, prepare the necessary documentation and guide you through every stage of the ODP licensing journey.

Request a Confidential Consultation