Regulatory Alerts2018-08-01
Approval of Existing Branch, Subsidiary or Representative Offices
The Financial Services Commission issued this guidance note to clarify its policy regarding the establishment or acquisition of overseas branches, subsidiaries, or representative offices. Licensees that established such entities prior to June 25, 2018, must notify the Commission or seek retroactive approval by August 15, 2018, depending on their specific license category. This directive ensures compliance with the updated Guidelines for the Establishment or Acquisition of an Overseas Branch, Subsidiary, or Representative Office.
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