The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Execution Point Limited to operate as a non – dealing online foreign exchange broker in line with the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017.
The non-dealing online foreign exchange broker license means the entity is licensed by the Authority to act as a link between the foreign exchange market and a client in return for a commission or mark-up in spreads and does not engage in market-making activities (buying and selling of foreign currencies).
This is the first license to be issued under the new regulations, which brought the oversight of online foreign exchange brokerage services under the Authority, which includes licensing and supervision of licensed entities.
Diese Geschichte stammt aus der April 2018-Ausgabe von Think Business.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 2018-Ausgabe von Think Business.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Understanding Alternative Investments
Understanding Alternative Investments
Need For Resilience In Changing Market Dynamics
Need For Resilience In Changing Market Dynamics
CMA Grants Licence To Online Foreign Exchange Broker
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Execution Point Limited to operate as a non – dealing online foreign exchange broker in line with the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017.
THE UK Asset Based Direct Lending Sector Attracts Overseas Investors
Since 1989, banks and building societies in Britain have been shutting branches at a rate of approximately 300 per year, a trend which has dramatically accelerated in recent years as traditional lenders respond to pressure on cutting costs, according to a recent Reuters article.
How Did Your Bank Perform In 2017?
Kenya’s 2017 macroeconomic environment was unfavorable majorly because of the tense electioneering period. Analysis from Trading Economics shows that the Kenyan economy advanced 4.4 percent year-on-year in the third quarter of 2017, slowing from a 5.6 percent expansion in the same quarter of 2016.
Ecobank Upgraded Mobile App Reaches 4 Million Users In 6 Months
Ecobank Upgraded Mobile App Reaches 4 Million Users In 6 Months
Africa Continental Free Trade Area : Impact Assessment
African heads of state and government officials met in Kigali last month to sign a deal creating one of the world largest free trade blocs since the establishment of World Trade Organization.
Equity Bank Introduces New Tariffs For The Equity Paypal Withdrawal Service
Equity Bank Introduces New Tariffs For The Equity Paypal Withdrawal Service
The Impact Of Infinite Years Of CEO's Service
The Impact Of Infinite Years Of CEO's Service
Disclosing Negative Credit Information And Its Pitfalls
Financial institutions and certain bodies identified in regulation 23 of the Credit Reference Bureau Regulations 2013 are required to share both positive and negativeinformati on about customers. Positive information is any information on performing loan or other credit. Negative information on the other hand is any adverse customer information which includes non-performing loans.
