FSCA, The Financial Sector Conduct Authority, is a market conduct regulator of financial institutions. It regulates financial institutions licensed in the financial sector law and provides financial services and products to the market. Structures regulated by FSCA include insurers, administrators, banks, market infrastructures, and retirement funds. FSCA is responsible for assisting the financial stability and conducting supervision and Regulation of the market. FSCA’s goal is to provide financial customers education and protection by the financial institutions. In addition, it ensures the integrity and efficiency of the market so that the financial intuition promotes fair treatment for their customers. FSCA history On 1st April 2018, the Financial Sector Conduct Authority (FSCA) was established to replace the Financial Services Board. It wasread 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 CMVM is a forex broker company set up in Portugal that provides financial services to the people of the state. The Portuguese financial market is highly popular in Forex and CFD trading, which allows the people of Portugal to invest in different instruments to boost their financial portfolio. Portugal is one of the oldest European Union members and an important part of the Eurozone. The Eurozone is home to many healthy economies and is a good place for business investments. CMVM Regulations The Forex regulation is an essential part of the economy that allows all the member states of the Eurozone to abide by the regulations by the MiFID for regulation of the company and the supervision of allread more
SEC stands for US Securities and Exchange Commission, an independent regulatory agency supervised by the federal government. A major role of this agency is to protect investors and maintain an orderly environment for the functioning of the securities markets. The SEC also facilitates capital formation. As the first federal regulator of securities markets, the SEC began working in 1934, when Congress established it. The SEC aims to promote a complete public disclosure to protect the investors from any forms of manipulation within the market. Moreover, it monitors the corporate sector in the US and approves the registration statements for the book-runners in the middle of underwriting firms. Four major divisions of SEC regulatory entity The four main divisions of SECread more
The Jordan Securities Commission (JSC) emerged as an independent public organization in 1997. The organization’s mission is to develop, regulate, and administer Jordan’s capital market. In addition, to protect investors and maintain a sound investment environment. Additionally, to achieve fairness, safety, and transparency. In addition, to attract domestic and foreign investors. JSC strives to develop the capital market according to international standards. JSC continually strives to improve the rules that govern the capital market. Its institutions should be strengthened to ensure a higher level of protection and transparency. Additionally, the JSC regulatory entity monitors financial institutions’ activities in the capital market to ensure that they comply with disclosure regulations. For investors, it facilitates informed investment decisions. The JSC enforces theread more
The Central Bank of the United Arab Emirates, CBUAE, was founded in 1980 and is one of the leading financial regulatory bodies in the UAE. The agency supervises and monitors all financial processes within the country. UAE regulatory entities are responsible for ensuring the powerful and sustainable growth of the UAE’s economy. Historical background The currency board was the central financial regulatory authority of the UAE before the Central Bank was established. However, the board did not have the same power as the Central Bank. It was primarily responsible for managing currency and maintaining foreign exchange and gold reserves. After establishing the Banking Supervision Department in 1978, the Research and Statistics Centre was established in 1974. On 10 December 1980,read 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
LSE Group (London Stock Exchange Group) is a global provider of financial market infrastructure and data. In addition to their commitment to excellence, they are open-access partners who provide services to their customers. As a global market leader, they help businesses and economies around the globe to fund innovation, manage risk and create jobs. Over the past 300 years, they have contributed to enhancing financial stability and economic growth worldwide. History of LSE The London Stock Exchange is a stock exchange located in London, England. As of March 2021, there are 3.8 trillion pounds in market value on the London Stock Exchange. Established in 1801, it is the world’s oldest stock exchange. In London, the company is headquartered in Paternosterread more
As of 2012, Financial Services Authority St. Vincent and the Grenadines operates under an Act of Parliament, the Financial Services Authority Act. Several entities or businesses within the financial sector are regulated by it as a single regulatory unit. As a result, it provides guidance and supervision for a wide range of regulated matters. The Financial Services Authority was established by Parliament as a new institution for managing, monitoring, and controlling international financial services. Moreover, it supervises both international and domestic non-bank institutions in this country. The International Financial Services Authority (IFSA) and the Co-operatives Division of the Ministry of National Mobilization, the Department of Social Development, and the Supervisory and Regulatory Division within the Ministry of Finance are allread more
The Securities and Futures Commission of Hong Kong is known as the SFC. As a non-governmental statutory entity, they regulate the securities and futures markets in Hong Kong. Securities and Futures Commission Ordinance (SFCO) was the legal framework under which they began to work. The whole commission works independently and is fully funded by licensing fees and transaction levies. Understanding the securities and futures commission (SFC) Hong Kong’s Securities and Futures Commission administers the laws governing securities and futures markets. The primary objective of the regulatory body is to facilitate the development of the financial market in the future. In addition, they maintain and carry out high levels of efficiency, fairness, transparency, and competitiveness over the futures markets and securities.read more
CySEC, Cyprus Securities and Exchange Commission, is an independent public regulatory authority responsible for regulating and administering asset management and collective investment sector, the investment services sector, and the transaction made in the transferable securities within the republic of Cyprus. It also deals with those services not regulated by the Cyprus Bar Association and ICPAC. The Cyprus Securities and Exchange Commission was established under Section 5 of the Securities and Exchange Commission’s establishment and responsibilities Law in 2001. Thus, it came into existence as a public regulatory entity. Its operations are authorized by the Laws regulating the responsibilities, powers, organizations, and structures of the Cyprus Securities and Exchange Commission. Cyprus mission and vision The mission of the Cyprus Securities Andread more