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Title: Luminaris Securities and Capital Ltd. Receives Official Approval from South Africa’s FSCA

South Africa, 27th Nov 2025 - Luminaris Securities & Capital Ltd. has officially received approval from South Africa’s Financial Sector Conduct Authority (FSCA), authorizing the firm to issue, manage, and operate Exchange-Traded Funds (ETFs) and to conduct market-making activities in the South African market. This milestone marks a major step forward for South Africa’s capital markets in the direction of internationalization, diversification, and transparency—enabling local investors to access global indices, diversified asset classes, and major industry growth opportunities at lower cost and higher efficiency.Regulatory Breakthrough Under the FSCA FrameworkFollowing FSCA authorization, Luminaris will launch multiple ETFs for local issuance, establish full compliance connectivity with the Johannesburg Stock Exchange (JSE), and provide dual-currency investment options in both South African rand (ZAR) and US dollars (USD).The ETF product suite will include:Broad-based Index ETFs (JSE, S&P, global indices)Sector-themed funds (technology, resources, finance, telecom, consumer industries) Quant-driven active management ETFs The company noted that the approval reflects strong recognition from South African regulators of its transparent operations, global-standard risk controls, and institutional asset management capabilities.ETFs: A Catalyst for Market Liquidity and Structural UpgradingETFs have become mainstream investment vehicles worldwide. Global ETF AUM increased from USD 1 trillion in 2010 to USD 11 trillion in 2024, driven by low fees, transparency, and real-time tradability.FSCA’s approval of Luminaris’ ETF programme is expected to:Enhance secondary market liquidityBroaden institutional investor participation Introduce index-based and quantitati...

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