Regulations and Licenses
Example16 is awaiting the receipt of its license and already operates to the compliance standards expected of a regulated broker.
CIMA membership benefits for Example16 customers
- The Company's capital may only be used to support the Company's business.
- Regular third-party audits ensure high compliance standards are met.
- A qualified Compliance Office ensures compliance with all regulatory responsibilities, fair treatment of customers and resolution of complaints.
- Access to the Financial Services Compensation Scheme (FSCS).
Regulation on transaction reports
In accordance with the European Market Infrastructure Regulation (EMIR), all firms operating in the EU are legally obliged to report all transactions of orders received, including CFDs. Example16 reports all transactions executed by its clients through UnaVista, a global LSE (FCA) hosted platform providing ironclad security when trading.
The Cayman Islands Monetary Authority covers four functions
Monetary
Issuance and redemption of Cayman Islands currency and management of foreign exchange reserves.
Regulatory
Regulation and supervision of financial services, monitoring compliance with anti-money laundering rules and issuing regulatory policies, rules and guidelines.
Cooperative
Assistance to overseas regulators, including memoranda of understanding for consolidated supervision.
Consulting
Advising the Government on monetary, regulatory and cooperative matters.
Questions about our regulatory framework?
Our compliance team is available to walk you through licensing, reporting and client protection.