SCB, the full name of Bahamas Securities Commission, is an important national financial regulator in Bahamas. In recent years, its regulatory authority has been highly recognized by the global market and investors, and has attracted much attention and pursuit in the industry. Its important function is to supervise the behavior of financial service companies such as funds and securities, and to formulate relevant laws and regulations of the industry to ensure that the market operates in a fair, healthy and orderly environment. As one of the hottest regulators in the international foreign exchange market, SCB has attracted much attention and pursuit, which is closely related to a series of factors such as Bahamas' human history and developed financial services industry. First of all, geographically speaking, the Bahamas is a close neighbor of the United States, only 80 kilometers from the southeast of the United States, and has deep roots with the United States and European countries represented by Britain. Relevant information shows that the Bahamas has been a British colony for a long time in history, and its stable parliamentary democracy is also based on British laws. In addition, the Bahamas is also an important base for financial institutions in the United States, Britain and Europe to conduct business and expand their markets.
In addition, the financial services industry in the Bahamas is world-famous and even the second pillar industry of the whole country's GDP source. Under such circumstances, SCB, as a highly valued financial supervision institution in Bahamas, has a strict supervision system, and its supervision service has many advantages such as safety, rapidity and professionalism, which has been highly recognized by the United States, Britain and European countries. For brokers in the foreign exchange field, getting SCB pass can be an important plus item for obtaining FCA regulatory license in the UK, which is of great value and significance.
Trading products: foreign exchange, crude oil, gold and silver, etc.
Advantages:
Bahamas Securities and Exchange Commission 156, Bahamas 699 1 Countries attach great importance to the 3780 financial supervision institution, whose important function is to supervise the behavior of financial service companies and be responsible for formulating relevant laws and regulations in the industry to ensure that the market operates in a fair, healthy and orderly environment. It has a strict supervision system and is highly recognized by the international market, including the American and British markets and investors.
The Securities and Exchange Commission of Bahamas has provided a flexible and convenient trading system from the customer's point of view, so it has attracted the attention of the industry and become the hottest regulatory license in the 20 19 investment community. For foreign exchange and crude oil trading platforms, getting SCB pass is proof of strength, and it is tantamount to adding an important bonus item.
Why is Bahamas regulatory license popular?
The regulatory body responsible for issuing retail foreign exchange and contracts for differences licenses and controlling financial services activities is the Bahamas Securities Commission. The regulatory purpose of this institution is to provide a regulatory framework for all financial companies, including foreign exchange supervision from rulemaking and investigation practice to law enforcement power, and to ensure compliance with legal conditions.
As one of the hottest offshore regulators in the world, SCB has attracted much attention and pursuit, which is inseparable from a series of factors such as the legal system construction and developed financial services industry in the Bahamas. Another important reason is that Standard Chartered Bank has not introduced restrictions such as leverage, which has won the favor of brokers who want to expand their global business.
Standard Chartered Bank is the regulatory body responsible for issuing licenses and supervising financial services activities in The Bahamas. The agency will issue licenses to qualified retail foreign exchange and contracts for differences brokers, allowing them to provide foreign exchange, contracts for differences, commodities and futures to retail and wholesale customers.
At present, the world-renowned online brokers supervised by Standard Chartered Bank include FxPro Global Markets (Pratt & Whitney), LCG Capital Markets (LCG), Pepperstone Markets (Shockstone), IC Markets, XM International and TigerWit Limited.
With more and more applicants, in order to ensure the quality of the company, the Bahamas has greatly increased the cost of applying for a license, making it one of the most expensive areas in the world for the supervision license of contracts for differences.
Basic requirements for applying for a regulatory license of Standard Chartered Bank
The Securities and Exchange Commission of Bahamas has set many strict requirements for foreign exchange service providers to apply for licenses, including company structure, company operation and development planning, and compliance standards review. , which greatly tests the strength and compliance of service providers. The following are the basic requirements for a foreign exchange broker's license:
1. Having a physical office means a stable office space.
The company has at least one local person in charge.
3. Employees include local CEO and compliance officer.
4. A sound business plan and appropriate compliance standards.
The minimum capital requirement is $300,000.
Generally speaking, the time limit for approval of a permit application is 4-6 weeks.