The Capital Market Unit administers the Securities Markets Order, 2013 (SMO) and its supplementary legislation the Securities Markets Regulations, 2015 (SMR). The SMO and SMR provides a legal and regulatory framework for the licensing and supervision of market operators such as securities exchanges, clearing house, trading facilities, credit rating agencies; capital market intermediaries such as dealers, fund managers, and investment advisers; securities products and the collective investment schemes.
The types of licences available for the capital market intermediaries are Capital Market Services Licence and Representative's Licence which allow licensees to conduct the following regulated activities: -
Note: Please refer to Schedule, PART II, Activities Constituting Investment Business in the SMO for more information
Additionally, the SMO includes provisions to ensure investors protection and increase investors' confidence.
AMBD, as member of the International Organization of Securities Commissions (IOSCO) and a full signatory to the IOSCO Multilateral Memorandum of Understanding, the unit is also responsible in ensuring continuous alignment to the best international standards and practices set by the IOSCO.
27/06/2016 10:18 AM |
Capital Market: Types of Licences, Capital
Requirements and Fees
Notice and Guidelines
Notice No. CMS/4/2015 - Commencement of Securities Markets Regulations, 2014Notice No. CMS/3/2014 - Registration of Investment-Linked Insurance ContractsNotice No.: CMS/2/2014 - Withdrawal of Exemptions Granted Under The Repealed Securities Order, 2001 and Mutual Funds Order, 2001Notice No.: CMS/1/2014 - Exemption from Public Offering Registration Requirement
Notice No. CMS/4/2015 - Commencement of Securities Markets Regulations, 2014
Notice No. CMS/3/2014 - Registration of Investment-Linked Insurance Contracts
Notice No.: CMS/2/2014 - Withdrawal of Exemptions Granted Under The Repealed Securities Order, 2001 and Mutual Funds Order, 2001
Notice No.: CMS/1/2014 - Exemption from Public Offering Registration Requirement
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