Regulatory Alerts2019-05-30
Guideline on Particulars of Business Plan Models Submitted During the Licence Review Process by Licensed Market Intermediaries and Proposed New Licensees
The Capital Markets Authority has issued detailed requirements for business plans submitted by license applicants and existing intermediaries to address recurring issues with vague and incomplete disclosures. Entities must now provide comprehensive documentation covering their legal structure, target markets, revenue models, financial projections, governance, and risk management strategies. The Authority will actively monitor licensee performance against these submitted plans to identify variances and ensure operational adherence to disclosed business models.
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