Regulatory Alerts2020-05-05
Frequently-Asked Questions on E-Services Platform Framework
The Securities Commission issued revised guidelines clarifying the scope and registration requirements for the E-Services Platform Framework. The framework applies only to platforms facilitating access to capital market products from CMSL holders, excluding pure payment service providers like Visa or Mastercard. Entities must register as operators only if they facilitate transactions while maintaining investor relationships with CMSL holders, whereas those acting as direct dealers require separate dealing licenses.
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