5/20/ · Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) has received the Capital Markets Authority’s (CMA) preliminary approval for a The Cayman Islands began developing into a major international financial centre in the ’s, and now has over , companies registered with the Registry of Companies. The Companies Registry has played an integral part in the development of the Cayman Islands as a highly ranked financial centre in the international business community List of Securities Investment Business Licensees Licence # Licensee Name Licence Date Broker/Dealer Securities Manager Securities Advisor Securities Arranger Market Maker AIF Securities (Cayman) Ltd. Oct X ALEXANDRIA GLOBAL INVESTMENT MANAGEMENT LTD. Aug X Allied Mercantile LP Limited Jul X
Trade & Business Licensing in the Cayman Islands | Cayman Resident
In Schedule 1 of the Securities Investment Business Act SIBA securities are defined as:. The Securities Investment Business Act provides for the regulation of persons carrying on securities investment business, including market makers, broker-dealers, securities arrangers, securities advisors and securities managers, in or from the Cayman Islands.
See: What are regulated activities? under Securities FAQs. Under the SIBA, the Cayman Islands Monetary Authority is directly responsible for licensing, and for supervision and enforcement in respect of licensees. It is also responsible for the investigation of persons where it believes that they are, or have been, undertaking securities investment business without a licence to do so 'policing the perimeter'.
Market maker licence cayman powers and duties are more particularly set out in sections 16 and 17 of the SIBA, and under section 18, CIMA can apply to the Grand Court for injunctions and restitution and disgorgement orders. The processing of licence and registration applications and the ongoing supervision of securities investment business licensees is the responsibility of the Securities Supervision Division.
The SIBA provides a licensing regime for persons engaging in securities investment business as defined in the SIBA. Persons engaged in securities investment business must hold a Securities Investment Business Licence, market maker licence cayman. In determining whether a person is engaged in licensable activity, regard must be had to the definition of 'securities' in Schedule 1 of the SIBA.
Note that the SIBA enables the schedule to be amended by the Governor in Cabinet. List of Recognised Overseas Regulatory Authorities.
For a better experience on Cayman Islands Monetary Authority, update your browser. Home Regulated Sectors Securities Print Email Email to Friend. Definition of Securities In Schedule 1 of the Securities Investment Business Act SIBA securities are defined as: shares or stock of any kind of the share capital of a company; debentures, loan stock, bonds, certificates of deposit and any other instrument that creates or acknowledges debt excluding various banking and monetary instruments e.
cheques, mortgage instruments and land charges ; warrants and other instruments that allow the holder to subscribe for certain securities; certificates or other instruments which confer contractual or proprietary rights; options on any security and on any currency, market maker licence cayman, precious metal market maker licence cayman an option on an option; futures; rights under contracts for differences e. cash-settled derivatives such as interest rate and stock index futures, forward rate market maker licence cayman and swaps.
Regulation of Securities Investment Business The Securities Investment Business Act provides for the regulation of persons carrying on securities investment business, including market makers, broker-dealers, securities arrangers, securities advisors and securities managers, in or from the Cayman Islands. Categories of Regulation The Market maker licence cayman provides a licensing regime for persons engaging in securities investment business as defined in the SIBA.
Standards of Regulation CIMA regulates securities investment business in accordance with: The SIBA and its regulations, namely The Securities Investment Business Licence Applications and Fees Regulations, market maker licence cayman, ; The Securities Investment Business Conduct of Business Regulations, ; and The Securities Investment Business Financial Requirements and Standards Regulations, ; Relevant rules, guidance, policies and procedures issued by CIMA - see Securities Index of Measures, and International supervisory standards issued by the International Organisation of Securities Commissions.
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What is an automated market maker? #shorts
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Licence # Licensee Name Licence Date Broker/Dealer Securities Manager Securities Advisor Securities Arranger Market Maker AIF Securities (Cayman) Ltd. Oct X Alexandria Global Investment Management Ltd. Aug X Asiya Asset Management (Cayman) Ltd. Jul X X BIAS (Cayman) Limited Oct X X File Size: 79KB Licence # Licensee Name Licence Date Broker/Dealer Securities Manager Securities Advisor Securities Arranger Market Maker AIF Securities (Cayman) Ltd. Oct X ALEXANDRIA GLOBAL INVESTMENT MANAGEMENT LTD. Aug X Allied Mercantile LP Limited Jul X ATC Brokers Limited 5-Nov X BIAS How to get a business license in Cayman Islands? Get a business license in Cayman in 4 Step. Step 1: License Research, Step 2: Documents Preparation
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