FINANSTILSYNET (The Financial Supervisory Authority of Norway) Regulatory Entity is an independent government agency responsible for overseeing Norway’s financial sector. It is also in charge of different financial and banking organisations to develop a powerful financial system. The FINANSTILSYNET Regulatory Entity is primarily responsible for licensing and monitoring financial activity in Norway. Moreover, they ensure that the company follows Norwegian government legislation, such as anti-money laundering or counter-terrorist financing legislation. Leading roles and responsibilities of FINANSTILSYNET The primary objective of the FINANSTILSYNET Regulatory Entity is to promote financial stability and enable the markets to operate efficiently. Through regular supervision of markets and enterprises, FINANSTILSYNET can determine whether the markets are functioning perfectly or not. By the term financial stability, weread more
Global Regulatory Entities
Why is broker regulation important to you as a trader?
The forex market is a giant. Almost 5 trillion dollars’ worth of transactions happens daily.
With the size this big, you need regulatory protection.
You don’t want unregulated brokers to put your deposit and profits at risk when it comes to withdrawal time.
So, how can you achieve protection?
Simple, by trading with the regulated forex broker.
When you trade with the regulated broker, it adds multiple layers of security.
If a broker meets all of the key conditions and obtains a license from the regulatory body, it signifies that the broker follows standards.
One of the major concerns when trading with unregulated forex brokers is that they are not required to adhere to any recognized standards.
You can’t rule out unethical or illegal activity. If something goes south, you can’t do anything about it.
When choosing a forex broker, you need to take the first step as a trader to check the broker’s regulations.
After all, you wouldn’t give someone claiming to be authentic thousands of dollars, would you?
You might be thinking, “How can I choose a regulated broker”?
Well, it’s not that difficult. Several regulatory bodies help you differentiate regulated from non-regulated brokers.
The most reputable forex regulatory bodies are FCA (Financial Conduct Authority) in the UK, ASIC (Australian Securities and Investments Commission) in Australia, and NFA (National Futures Association) in the US.
Take your time when selecting a broker.
Don’t get caught by bonus offers and a flashy website.
Want to know if your broker is regulated? Just search your chosen broker on the below-mentioned listed regulatory bodies’ websites.
The National Securities Market Commission (CNMV) is a regulatory body that inspects and supervises the Spanish securities market. In addition, they supervise all activities associated with those markets. In 1988, the CNMV Regulatory body was established under the supervision of Securities Market Law. Securities Market Law, a significant part of the financial system, also introduces new measures to protect investors. Through prudential supervision, CNMV often makes the transaction system secure enough for both old and new investors. All the securities are assigned with the ISIN codes, which are located in Spain. Different international organisations are also associated with CNMV to run the financial system powerfully. The main aim of CNMV CNMV’s main goal is to ensure fairness and transparency inread more
CBCS is the “Central Bank of Curaçao and St. Maarten (the Central Bank).” The CBCS (Centrale Bank van Curaçao en Sint Maarten) Regulatory Entity plays a crucial role in maintaining the external stability of the Netherlands Antillean Guilder (ANG). Plus, it even promotes an efficient and transparent system within the financial market of St. Maarten as well as Curaçao. The Central Bank of Curaçao and St. Maarten also play a significant role in regulating and supervising the financial sector. Their main objective is to develop the financial market in Curaçao and St. Maarten. Generally, they perform their task within a supervisory framework consisting of monetary supervision and business economic supervision. How does the CBCS regulatory body work? In Curaçao andread more
FSC (Mauritius) Regulatory Entity works as a regulatory body for all global business sectors and non-bank financial services. This body began working in 2001 under the supervision of the Financial Services Act 2007. All businesses that fall under the Insurance Act 2005 and the Private Pension Schemes Act 2012 are regulated, supervised, and licensed. The FSC aims to be the internationally recognized body for sustaining financial development in Mauritius. Their competitiveness and soundness make them the best Financial Services Centre. Main mission The main mission of FSC involves: They promote fairness, transparency, and the development of capital markets and financial institutions in Mauritius. It protects the investors from any crime or scam who have just newly invested in different non-bankingread more
FC stands for Financial Commission, which is an independent international body for brokers and traders. Certain disputes arising in the trading market are being handled by an external dispute resolution mechanism. As part of its mission, this organisation’s body assists brokers and traders in resolving disputes between clients and providers of financial services. They act as a third-party organisation to resolve all conflicts. Using a process that is simpler and quicker, the Commission is fully aiming to resolve all complaints. The company won’t raise any issues with the legal system or industry regulators. All traders will be helped to resolve their disputes in an unbiased and transparent manner. Aside from that, the Commission also aims to improve the client’s understandingread more
The regulatory entity of DMCC is known for its involvement in international trade. It appears to be the world’s top and fastest-growing Free Zone. The main function of the DMCC is to facilitate and promote trade across different commodities and goods. Diamonds, gold, precious metals, food, tea, and industrial materials are all included here. It is now home to some major multinationals and start-ups through which this organisation connects with over 19,000 companies. Dubai Multi Commodities Centre offers world-class services to raise leading infrastructure and introduce a vibrant community they need to fully succeed. Main role, vision & mission Since 2002, DMCC has been working as a government entity. Through Dubai City, they play a major role in enhancing commodityread more
The Financial Market Participants Relations Regulation Commission, KROUFR, is a non-profit regulatory organisation. Its activities are intended for developing services for the Russian participants in financial markets. In addition, it’s an organisation that directly regulates relations between participants in financial markets. The KROUFR was founded in 2003 when Russia needed an organisation to provide the regulatory framework of the International Financial market. It is governed by the Commission, which has the President as its head. It also has a Board of Directors responsible for granting licenses to eligible candidates. History of KROUFR Approximately thirty years ago, the development of trading on the financial market started in Russia. Large numbers of traders and brokers were found to conduct business in theread more
The Financial Supervisory Commission, FSC, is an independent authority body in Taiwan. Taiwan’s financial services and industries are regulated by this government agency. In addition to determining financial policy, it drafts regulations with which it protects the entire financial industry. In addition, this body is also responsible for managing financial examinations and supervising financial institutions. The FSC issues regulations governing financial services on a general basis. The Banking Bureau regulates regulatory banks in collaboration with the Financial Services Commission. The Examination Bureau is also responsible for financial inspections and audits of the financial institutions subject to FSC regulation. Taiwan’s central bank, the Central Bank of the Republic of China (Taiwan), regulates credit policies and monetary services. In addition to managingread more
The CMA started operating informally in the ’50s and kept on working effectively until, in the ’80s, Saudi Arabia set the CMA’s fundamental guidelines. Thus, the current CMA Law is declared and, as per Royal Decree No. (M/30) dated 2/6/1424H, officially bringing the CMA into existence. The CMA is a government association stating complete financial, legal, and administrative independence. The CMA is in direct correspondence with the Prime Minister. Purpose of CMA The CMA’s roles are to manage and foster the Saudi Arabian Capital Market by stating essential rules and regulations for carrying out the requirements of Capital Market Law. The core purpose of CMA is to establish a proper investment environment, enhance confidence, and support straightforwardness and divulgence guidelinesread more
The Financial Services and Markets Authority is the main agency for financial regulation in Belgium. As a supervisory body, FSMA works to provide an unbiased and transparent financial market. Furthermore, it ensures that all financial consumers are treated fairly. In addition to that, the Financial Services and Markets Authority makes sure that the companies involved provide complete and correct information. It is crucial for keeping the financial markets in order. Moreover, setting financial laws and ensuring their compliance is a part of FSMA’s duty as well. It supervises financial products, supplementary pensions, and financial service providers and works to educate financial consumers. FSMA mission FSMA aims to establish a strong and reliable financial market system in Belgium. Furthermore, the regulatory body aspiresread more