FIC Act 38 of 2001General Laws (AML/CTF) Amendment Bill B15-2026FATF RecommendationsNational Treasury & ParliamentPOPIA
FIC Act 38 of 2001General Laws (AML/CTF) Amendment Bill B15-2026FATF RecommendationsNational Treasury & ParliamentPOPIA
All terms Glossary

FFC (Fidelity Fund Certificate)

The certificate the PPRA issues that a property practitioner must hold to trade legally, now conditioned on demonstrable FICA compliance.

The FFC is the certificate the PPRA issues that every property practitioner needs to trade legally in South Africa: without a valid one, an agent or agency cannot lawfully conclude a property transaction.

Renewal now requires demonstrating FICA compliance: an up-to-date RMCP, client due diligence records an inspector can review, and evidence the agency understands its own obligations. That link is what turns FICA from a background legal requirement into something with a direct, immediate business consequence.

See it in practice, not just in theory.

Read how Lucere handles this on features, check the FAQ for common questions, or get started.

Related terms

PPRAThe Property Practitioners Regulatory Authority, which licenses estate agencies and issues Fidelity Fund Certificates.
FICA (Financial Intelligence Centre Act)The South African law requiring accountable institutions to verify clients, keep records, and report suspicious activity, in order to combat money laundering and terror financing.
RMCP (Risk Management and Compliance Programme)The internal policy document every accountable institution must maintain, describing how it identifies, assesses, and manages money-laundering and terror-financing risk.

Browse the rest of the glossary

Accountable Institution AML (Anti-Money Laundering) Beneficial Owner (BO) CDD (Client Due Diligence) CIPC FIC (Financial Intelligence Centre) KYC (Know Your Customer) PEP (Politically Exposed Person) Sanctions Screening Source of Funds STR (Suspicious Transaction Report)