Global Regulatory Entities

CIMA, the Cayman Islands Monetary Authority, is a primary regulatory entity of Cayman Island financial services and its currency board. The CIMA is responsible for administering and regulating financial services. It guides the government of the Cayman Islands regarding financial regulation matters. CIMA has four areas of responsibility that are monetary, regulatory, advisory, and cooperative. These areas of responsibility manage the currency and evaluation of banknote’s reliability. The supervision and administration of the financial services industry and monitor the policies set against money laundering. Further, the cooperation with the overseas regulatory authorities for fostering supervisory standards globally. And also, it advises the government of the Cayman Islands regarding all the above-discussed activities. CIMA mission and vision The Cayman Island Monetary

DFSA, the Dubai Financial Services Authority, is an independent financial regulatory agency of DIFC. Dubai International Financial Centre is a purpose-built free economic zone in Dubai, United Arab Emirates. The DFSA’s regulatory entity includes credit and banking services, custody and trust services, asset management, collective investment funds, commodities future trading, securities, insurance, international commodities derivatives exchange, Islamic finance, and international equities exchange. DFSA has also registered a delegation of powers from the DIFC ROC, Registrar of Companies. DFSA investigates the activities of companies and partners of DIFC. And when it suspects that the DIFC Companies Law is breached, DFSA pursues remedies available at the registrar by enforcement. Besides the regulatory ancillary and financial services, DFSA enforces and supervises the Counter-Terrorist

BVIFSC is the abbreviation of the British Virgin Islands Financial Services Commission. This commission entity works as the autonomous regulatory authority responsible for supervising, regulating, and inspecting different financial services within the BVI. Different activities are part of the BVIFSC inspection at the financial service. This includes trustee business, insurance investment business, and banking as well as insolvency services. It even accompanies the registration of the companies, as well as limited partnerships and intellectual property. The BVI regulatory entity was introduced in the year 2002. Since 2002, this commission has been accountable for carrying out all those functions that the government handled through the Financial Services Department. Being the financial service regulator, the commission is also accountable for promoting public

AFSL, the Australian Financial Services License, is a legal license issued by ASIC, the Australian Securities and Investments Commission, to regulate activities and operations in the financial services sectors. The Australian financial services businesses have to authorize them by obtaining AFSL or a limited AFSL that contains special provisions for conducting financial services under the Corporation Act of section 911A. ASIC introduced the Australian Financial Services License under Chapter 7 of the Corporation Act in 2001. It is also the regulatory entity for the supervision of the Australian financial services market. The financial service institutions must submit an application to ASIC for assessment and the supporting documents and details. Licensees, the financial services institutions that ASIC licenses are required to

The Financial Services Agency, FSA, is a Japanese regulatory authority for administering insurance, securities exchange, and banking activities. The Financial Services Authority was launched in July 2000 by the legislation of the Financial Reconstruction Commission through reorganizing the Financial Supervisory Agency, and it headquarters is in Tokyo. The primary responsibility of the Financial Services Agency is to ensure the stability and integrity of the Japanese financial services system. The protection of its insurance policyholders, depositors, and securities investors. It is the regulator of supervision, inspection, transparency, and evaluation of the financial system through the Securities and Exchange Surveillance Commission. It also monitors Japan’s Auditing Oversight Board and Certifies Public Accountants. FSA mission The FSA aims to establish a robust and

FMA is the abbreviation of Financial Market Authority. The Financial Markets Authority is playing a significant role in the capital markets and the financial services in New Zealand. In short, it acts as the government agency which is responsible for performing some major financial regulations. It regulates all the participants involved in the financial market, exchanges or the settings, and the enforcement of financial regulations. Financial reporting, enforcing securities, and company law somehow apply to the financial services and the securities markets. It even regulates the securities exchanges and financial advisers and brokers along with issuers and trustees. This might even include the issuers of KiwiSaver and the superannuation schemes. In simple words, FMA and the Reserve Bank of New

The Financial and Capitals Market Commission is an independent regulatory entity set up in Latvia in 1997. The company works mainly on financial and capital markets. The FCMC ensures the financial stability of the markets of Latvia and strives to protect the interest of its investors, depositors, and insured persons. Thus, the company makes people’s lives easier while keeping in mind what is good for the markets. About the company It is an autonomous institution, and its primary aim is to carry out the banks’ mission, credit unions, insurance companies and insurance brokerage companies, and participants of the financial instruments market in Latvia. In addition, the FCMC is also responsible for private pension funds, payment institutions and electronic money institutions.

Trading in futures contracts has rapidly extended beyond conventional physical and agricultural commodities into many financial instruments such as foreign currencies, the US and foreign government securities, and US and foreign stock indices since the 1970s. The creation of CFTC was the result of this expansion. The Commodity Futures Trading Commission, a.k.a CFTC, is an independent US government body established in 1974 to supervise the US derivatives markets, including futures, swaps, and some types of options. The Commission’s mandate is to oversee the regulation of commodities futures and options markets in the United States. This guide will explain all the nitty-gritty of the CFTC regulatory body. What’s the purpose of CFTC? The CFTC’s mission is to promote transparent, competitive, and