Dfsa category 3a
WebBCS Capital (DIFC) Limited is a ‘Category 3A’ (regulated by the DFSA) Authorised Firm (with Retail Endorsement). It is part of a global business with regulated firms in multiple jurisdictions. Our regulated entities are – BCS Americas (regulated by SEC & FINRA), BCS Prime Brokerage (regulated by FCA), BCS Cyprus (Regulated by CySEC ... WebFeb 24, 2024 · The DFSA, for the purposes of authorisation and supervision, categorises brokerage activities under Category 3A. These include forex, commodity and derivatives brokerages. This license allows for ‘Dealing In Investments as Agent’ and ‘Dealing in Investments as Principal’ , or on a matched Principal basis. Due to the higher risks ...
Dfsa category 3a
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WebA: A firm that is prudentially treated as being in PIB Category 4 is prohibited from holding Client Assets which are Client Money (see COB 6.12.2(1)). Q6: When do we need to have the endorsement? A: Any firm that holds or controls Client Assets, or that deals in Insurance WebDIFC Category 3A License – Dealing in Investments as Principal / Dealing in Investments as Agent . In this category, an Authorised Firm is licensed to carry on one …
WebCategory Base Capital Requirement Category 1 US $10 million Category 2 US $2 million Category 3A US $500,000 Category 3B US $4 million Category 3C US $500,000 Except if the only Financial Service referred to in Rule 1.3.5(a) that the Authorised Firm is authorised to carry on is Managing a Collective Investment Fund in which WebAn STP broker, dealing on a matched principle basis will require a DIFC Category 3A Licence, whereas a market maker or provider of credit provider will require a DIFC Category 2 Licence.
WebJun 27, 2024 · DUBAI INTERNATIONAL FINANCIAL CENTER [DIFC] is a broadly based recognized and renowned international financial center serving local, regional, and … WebFSRA requires firms to submit information on a regular basis, including regulatory and financial reports, so we can better understand their activities and financial position on a periodic basis. ADGM's Electronic Prudential Reporting System is a portal dedicated to simplifying the submission of regulatory filings.
WebJan 5, 2024 · Generally, there are two components of DFSA fees. One – an application processing fee, and the other, an annual licensing fee. 1. Application fee: US$ 25,000 for …
WebThe application fee will vary according to the Financial Services to be provided and ranges from $15,000 to $70,000. Comprehensive details of fees can be found in the Fees module (FER) of the DFSA Rulebook. crystal foth arizonaWebCategory 2 – Market maker, provider of credit Base Capital – US$ 2 millionInvesting as a principal and extending credit are examples of activities. Category 3A – Brokerage Base Capital – US$ 500,000Dealing in Investments as a Matched Principal, Dealing in Investments as an Agent are examples of activities. Category 3B – Custodian dwc 3656atWebRe/think ME Ltd. مايو 2024 - الحالي2 من الأعوام. United Arab Emirates. − Acting as a outsourced CFO CAT 1, 2, 3A and 3C clients regulated by DFSA / FSRA. Also have extensive experience fund administration, fund accounting, custodial , clearing and settlement services. − Finalizing the monthly management reports, bank ... dwc2 scatter gatherWebCategory 3A covers Dealing in Investments as Principal (only as Matched Principal) and Dealing as Agent. Category 3B covers Providing Custody ( for a Fund) and acting as … dwc2 usb hostWebMar 31, 2024 · More information on obtaining a DFSA Category 3A and Category 4 license can be found here, along with a comparison between the applicable fees and the features of the two licenses. Generally, to become an Authorised Firm, an applicant must demonstrate satisfactory evidence to the DFSA that the following requirements are fulfilled: dwc2 peripheralWebAn STP broker, dealing on a matched principle basis will require a DIFC Category 3A Licence, whereas a market maker or provider of credit provider will require a DIFC … dwc3 hostWebSpearheading high-end financial operations to effectively manage projects budget and control costs with core competencies in delivering robust management information systems and processes. Currently employed at Category 3A DIFC firm as Deputy Finance Manager with the responsibility of filing quarterly/yearly PIB/PRU Returns in adherence to DFSA ... crystal founders