Financial Services (Establishment and Operations of Brokers and Dealers) Directive, 2015

21st August, 2015
265

PART V—REVOCATION

13. The Securities (Clearing and Settlement) Directive, 2011 is hereby revoked.

Made this 4th day of May, 2015.

(FILE NO.EA/FSPU/1/1)

C. S. R. CHUKA
Registrar of Financial Institutions

GOVERNMENT NOTICE No. 26

FINANCIAL SERVICES ACT, 2010
(ACT NO 26 OF 2010)

FINANCIAL SERVICES (ESTABLISHMENT AND OPERATIONS OF BROKERS AND DEALERS) DIRECTIVE, 2015

ARRANGEMENT OF PARAGRAPHS

PARAGRAPH

PART I—PRELIMINARY
1. Citation
2. Interpretation

PART II—OBJECTIVES
3. Objectives

PART III—LICENSING REQUIREMENTS
4. Licence requirement
5. Eligibility and application for a licence
6. Grant or denial of a licence
7. Licence renewal
8. Start up capital
9. Conditional licence
10. Revocation of licence

PART IV—BUSINESS CONDUCT
11. Code of conduct
12. Changes in shareholding and management
13. Know your customer
14. General requirements

PART V—CAPITAL, LIQUIDITY AND REPORTING REQUIREMENTS
15. Minimum net capital requirements
16. Liquidity requirements
17. Trading prohibition
18. Reporting requirements