Regulatory Alerts2026-08-27
Added · Updated
SCB Approach to Supervision
A risk-based supervisory model applies to securities brokers and dealers, investment funds and administrators, financial and corporate service providers, digital asset businesses, and registered individuals under the Securities Industry Act, 2024, Investment Funds Act, 2019, Financial and Corporate Service Providers Act, 2020, and Digital Assets and Registered Exchanges Act, 2024. Standard applications are generally determined within 21 business days and complex undertakings such as marketplaces, digital asset exchanges, and initial public offerings within 35 business days, while a single Supervision Department handles both licensing and ongoing monitoring. Authorized firms assume ongoing obligations including periodic filings of annual information updates, financial statements, and statistical returns, and face a graduated enforcement response ranging from supervisory dialogue and deficiency notices to administrative penalties, onsite examinations, or referral to the Enforcement Department for serious contraventions.
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