A Securities licensor is an individual or group that provides securities trading investment advice or administrative services.
Securities licensor who meets the application conditions
- Individuals have relevant degrees or professional qualifications for securities licensing activities.
- Licensed/approved individuals who are permitted to provide this type of service, which may be from a member regulatory body or jurisdiction of the International Securities Commission (IOSCO).
- Individuals who are managing and operating securities transactions and have similar experiences may also consider applying.
Activities permitted under a securities license include
- Investment Advice
- Administrative service
- Securities trading
- Any other activities that can be approved by the Financial Services Authority.
Applicants should provide information/documents as follows to apply for a securities license
- 3-year estimated financial statements (eg income statement and balance sheet)
- a detailed business plan, including
Directors and shareholders need to prepare for Securities licensor
For natural/individual people
- Personal ID / Passport (foreigner)
- Proof of address (such as the most recent utility bill, which does not exceed 3 months)
- A certified copy of the recent bank statement (only available to shareholders)
- A personal resume, and related academic credentials, including any relevant professional qualifications
For company groups
- Company registration certificate
- Latest annual return (if any)
- Audited accounts for the past 3 years
- Company Board Meeting – Approving the company’s investment in a local company
- Company Board Meeting – Legal Representatives Appointed