Regulatory Alerts2021-01-01
Securities (Authorization of Foreign Investment Dealers)(Amendment) Rules 2021
The Financial Services Commission has amended the Securities (Authorization of Foreign Investment Dealers) Rules 2010 to streamline the authorization process for foreign investment dealers. The revised framework updates statutory definitions, mandates that applicants originate from IOSCO-MMOU adhering jurisdictions, and specifies detailed documentation requirements including foreign licenses and certificates of good standing. A designated officer must now serve as the primary regulatory liaison with clearly defined compliance functions, and these amendments officially take effect on 3 April 2021.
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