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Cayman Islands Securities Investment Business License in 2022,WHAT LICENSES DO YOU NEED FOR YOUR FUND?

The formal review of the application for a Forex broker licence in Cayman Islands is a process that takes into account multiple factors, as briefly described above. Along with the Our turn-key solution involves setting up and structuring your Cayman Islands investment management broker-dealer. In addition, we are committed to provide ONE (1) year Grand Cayman Capital with its broker dealer back office division features a wide range of GCC broker back office services. Our robust software solutions interface directly with your client In accordance with the Securities Investment Business Act (SIBL), persons engaging, ‘in the course of business’, in securities investment business, as defined in the SIBL, must be Procedure for obtaining a Brokerage License in the Cayman Islands Securing qualified director solution: If required, Healy Consultants Group PLC will supply a qualified professional ... read more

Excluded Person Registration Requirements Schedule 4 of the Securities Investment Business Act outlines the categories of persons "Excluded Persons" engaging in securities investment business who are exempted from the requirement to be licenced. In order to register, such excluded persons must: complete and submit to CIMA the Annual Declaration Form for Excluded Personsand submit the required fee.

Refer to our Fee Schedule, broker dealer licence in cayman. Note: Recognised Overseas Regulatory Authorities Broker dealer licence in cayman the persons falling within the category of "Excluded Persons" as set out in Schedule 4 of the SIBL are those to whom section 4 1 of the act applies but who are "regulated in respect of securities investment business by a recognised overseas regulatory authority in the country or territory other than the Islands in which the securities investment business is being conducted.

Licensing Requirements All applications for licensing under Section 5 1 of SIBL should be submitted to CIMA and follow the requirements set out in the Securities Investment Business Licence Applications and Fees Regulations. Acceptance of Licence Applications Prior to reviewing the licence application, the application fee s and all relevant and necessary documentation must be received by the Authority from the applicant.

Formal Review of Applications In deciding on whether or not to grant a licence the Authority will consider, in relation to the specific category of SIBL licence applied for, the following factors: Will the applicant be able to comply with the provisions of the Act and Regulations? Will the applicant be able to comply with the Money Laundering Regulations? Is there any reason why, in the public interest, the licence should not be granted?

Does the applicant have the necessary skills and knowledge to undertake this business? Does the applicant have the appropriate facilities and books and records? Are the management and senior staff fit and proper persons? Additionally, every applicant for a licence may undergo a brief on-site inspection. Recognised Stock Exchanges Section 6 7 of the SIBL allows CIMA to impose conditions on a licensee, broker dealer licence in cayman.

Cayman Islands Monetary Authority is committed to protecting the privacy and security of your personal information. Please ensure that you have read our privacy notice before you submit any personal information via this website.

Ivory Coast. Jebel Ali. Marshall Islands. New Zealand. North Macedonia. Papua New Guinea. Puerto Rico. Ras Al Khaimah. San Marino. Saudi Arabia. Sierra Leone. South Africa. South Korea. Sri Lanka. Section 5 4 of SIBL requires persons to whom paragraphs 1, 4 and 5 of Schedule 4 applies to register with the Authority and pay an annual fee. Please refer to our Fee Schedule for the annual fee amount.

The Authority will review the submission and, once satisfied, will issue a letter confirming the registration. Thereafter, the annual declaration and fee must be submitted each year. Among the persons falling within the category of "Excluded Persons" as set out in Schedule 4 of the SIBL are those to whom section 4 1 of the act applies but who are "regulated in respect of securities investment business by a recognised overseas regulatory authority in the country or territory other than the Islands in which the securities investment business is being conducted.

The list of overseas regulatory authorities that are recognised for the purpose of Schedule 4 can be accessed here: Recognised Overseas Regulatory Authorities. All applications for licensing under Section 5 1 of SIBL should be submitted to CIMA and follow the requirements set out in the Securities Investment Business Licence Applications and Fees Regulations.

Prior to reviewing the licence application, the application fee s and all relevant and necessary documentation must be received by the Authority from the applicant. If the information has been correctly provided, the application will be reviewed. If the application is incomplete, the applicant will be notified in writing that the application will not be processed or considered until all necessary documentation is duly provided..

In deciding on whether or not to grant a licence the Authority will consider, in relation to the specific category of SIBL licence applied for, the following factors:. Section 6 7 of the SIBL allows CIMA to impose conditions on a licensee.

Over the years, the Cayman Islands has established itself as one of the premiere offshore jurisdictions for financial services. The beautiful ocean views and tropical climate are nice perks, but not the main consideration for FX brokers looking to apply for a CIMA forex broker license in the Cayman Islands.

With regulations in Europe and now Australia changing rapidly, offshore broker licenses are on the radars of both new and established brokers alike. If your forex brokerage is currently evaluating offshore license options, read on to discover why Atomiq Consulting is the ideal partner to assist you in obtaining a forex broker license in the Cayman Islands.

Founded in , Atomiq Consulting leverages its professionalism and years of experience in the online forex trading industry to deliver its clients the best guidance and know-how related to offshore and continental forex broker licenses.

Our positive track record, professionalism, and experience make Atomiq Consulting the ideal partner to guide you in obtaining a forex broker license in the Cayman Islands or your offshore jurisdiction of choice. In addition to license consultation services, we are also able to assist our clients with the acquisition of an active or dormant offshore licensed broker. Because our offers vary based on availability in the market, it is best to contact us directly to explore this opportunity further.

The license class issued by the Cayman Islands CIMA is a broker-dealer, which is a Cayman Island Investment Management license. Forex trading in the Cayman Islands is regulated by the Cayman Islands Monetary Authority CIMA. Forex brokers considering offshore licensing options may also be interested in applying for a forex broker license in the British Virgin Islands BVI. An additional consideration would be a Seychelles forex license. Once all documents have been received, a license is generally approved within 6- 8 months.

Note that the specific approval time is very much dependent on the applicant and is determined on a case by case basis. As specialists in forex broker licensing, our team has processed plenty of applications over the years. During initial discussions with […]. We begin the process by having a discussion with your team about your plans for establishing a forex broker license in the Cayman Islands, business goals and any specific requirements.

Upon receipt and examination of the requested documentation, we will proceed to select a business name and formally incorporate a new entity in the Cayman Islands. After the company has been successfully registered, we will commence with the license application. During the application process our team will communicate any updates from the CIMA as soon as they are received. Are there any CIMA licensed brokers currently for sale? What class of license does a forex broker receive after approval from the Cayman Islands CIMA?

Which regulatory body oversees online forex trading in the Cayman Islands? What is the required paid up capital for FX brokers licensed in the Cayman Islands?

Which offshore forex broker license jurisdictions are similar to Cayman Islands? How long does it take to obtain a forex license in the Cayman Islands? Contact Us Today. Blog Posts What Are the Chances a Forex Broker License Application is Rejected? During initial discussions with […] View More.

Cayman Islands (CIMA) Forex Broker License,FAQ Related to Obtaining a CIMA Forex License in Cayman Islands

Cayman Company or Limited Partnership. Application fee; USD (Securities Advisor & Broker Dealer) Annual license fee; USD 9, (Securities Advisor & Broker Dealer) Local The formal review of the application for a Forex broker licence in Cayman Islands is a process that takes into account multiple factors, as briefly described above. Along with the 14/07/ · Securities investment business in the Cayman Islands - Licensing. Excluded Persons must be registered by the Cayman Islands Monetary Authority. The Governor in Procedure for obtaining a Brokerage License in the Cayman Islands Securing qualified director solution: If required, Healy Consultants Group PLC will supply a qualified professional The Securities Investment Business Act provides for the regulation of persons carrying on securities investment business, including market makers, broker-dealers, securities arrangers, In accordance with the Securities Investment Business Act (SIBL), persons engaging, ‘in the course of business’, in securities investment business, as defined in the SIBL, must be ... read more

under Securities FAQs. Contact Us Today. The processing of licence and registration applications and the ongoing supervision of securities investment business licensees is the responsibility of the Securities Supervision Division. Thursday, July 14, Broker dealer licence in cayman. Free Case Evaluation.

Contact Us Today. The Governor in Cabinet has the power to amend the Schedules from time to time. Over the years, the Cayman Islands has established itself as one of the premiere offshore jurisdictions for financial services. CIMA now can refuse or deny an application or impose conditions broker dealer licence cayman a Registered Person. Our team briefly lists these below:. Registered Persons will not be required to submit annual audited financial statements or business plans, will not be subject to certain regulations made under SIBL concerning Conduct of Business and Financial Requirementsand will not be subject to pre-approval of any change of directors, broker dealer licence cayman, shareholders or beneficial owners.

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