Regulatory Alerts2023-01-01
Effective Date of Securities Dealer Application Guidelines
The Financial Services Authority requires all securities dealer license applicants to identify their principal place of business and appoint a compliance officer at the point of submission. Effective 17 May 2023, the Authority will halt processing and reject applications that fail to meet these updated guidelines and statutory requirements. This enforcement implements amendments to Paragraphs 7 and 10 of the Application Guidelines alongside Section 23 of the Financial Services Authority Act, ensuring robust compliance systems from application lodging.
Share