Superintendency orgnaization of global foreign currency is the as most complete as superintendency license plate contrast

- license plate of 10 big foreign exchange

One, the importance that foreign currency superintends

To platform of a foreign currency, applying for foreign currency to superintend is a when build foreign currency platform important step (of course, have a few self-supporting groups, the orgnaization that does not allege external, also can not apply for to superintend) .

The platform below is superintended in finance, be like dry weight big item to what financial company manages, lawbreaking punishment, have clear compasses Geng , but manage to the business of financial company, the respect such as financial management, human affairs does not add interpose. Foreign currency of that is to say trades platform was discovered not normal behavior, superintendency bureau can carry out condemnatory behavior, light fine, heavy criterion cancel license plate mixes the likelihood all one's life to must not undertake foreign currency trade.

Can see the broker dealer that is superintended by foreign currency is in those who administer water , financial standing, infrastructure to wait for a respect to have particular demand, its also are met when the operation more compasses Geng , obtain the client's credit more easily.

2, off shore is superintended and superintend completely

Current, superintendency domain can be divided be superintended for off shore and superintend completely, off shore superintends license plate to apply for a condition to compare wide Zuo , and superintend code completely to extend to license plate management is more rigorous.

Off shore superintends the flow that put a shop sign fast (normally a few months, depend on circumstance of superintendency area under administration) , overhead expenses and operation cost are inferior. Because is most,superintend area under administration to be in office place, company formerly trustee and partner respect do not ask entity exists.

Below most circumstance, to company, trustee and partner fulfil his duty to investigate / requirement of principle of proper person selected is very simple.

Another reason is, opposite at be being superintended completely, the report requirement that off shore superintends pair of people that hold a card is very finite, enough sex and financial standing concern great majority and capital. In imposition respect, the demand of the respect of income tax pay that most off shore superintends is very low, do not have a requirement even. Additional, most off shore is superintended do not beg financial service to must be offerred in its area under administration, also do not ask relevant service is offerred to this locality dweller only. Audit demand side, most superintendency byelaw asks the person that hold a card offers year money to declare (demand of a few areas is mixed by the month offer by the quarter) .

On the other hand, the requirement that superintends completely is more, reflect in many respects: For example overhead expenses (the application fee, cost that start, year cost) off shore of apparent prep above is superintended, lowermost capital asks the respect also is such. Ask to the proper sex of company, trustee and partner form is more expatiatory. Below a lot of circumstances, besides passport shadow this, resume, learning and shadow of professional competence certificate this, near future bill, superintend a likelihood completely to still ask to offer a company to put add proof, prove without guilty record, did not go bankrupt proof and newest pay taxes declare a watch. Superintend place of requirement firm office and company staff completely must materialization. Below a lot of circumstances, a few rights have exercise of ability of this locality dweller only. Report obligation respect, besides money newspaper and lowermost capital requirement, still ask to provide risk management report, close compasses and wash money report and other and specific report instead, specific depend on superintendency orgnaization. Taxation respect, enterprise income tax asks each district is different, but off shore of prep above of the metropolis below any circumstances is superintended.

A Tujun of ear of tongue of Belize, a place of strategic importance, made of baked clay exert is off shore to superintend. Member country, England, United States, Australia, Hong Kong, Israel and Russia all are the European Union to be superintended completely.

3, partial foreign exchange superintends an orgnaization

Off shore is superintended

1. Belize

Belize superintends an orgnaization to serve committee for international finance. The person that hold a card but " undertake finance and heavy goods trade in order to derive tool and form of other negotiable security " (a quite extensive definition, include foreign currency tool and n duality period authority) . The checkup that commission of international banking service applies for to license plate period for 3-4 month, to hold the capital requirement of period authority provider is the foreign currency of afore-mentioned license plate and n duality 100 thousand dollar, year expend 5000 dollars.

Agency respect needs when to notice: Do not ask to must have hypostatic office place, employee also need not permanent, but do not allow to create company entity, unless obtain the exempt of commission of international banking service. At least should one person appoints for: Trustee, Dong Bi and partner, want somebody to have foreign exchange among them or authority of n duality period trades license plate applies for experience, canal does not ask to have formal attestation.

A few does superintendency demand side have to need to notice: Of license plate whole during putting add, lowermost capital asks capital wants to deposit the bank in Belize city. Additional, license plate holder is not OK Belize yuan deal with. Want hold client fund, must obtain international finance to serve the written approval of committee, client capital should keep apart management with company capital, deposit respectively in different bank account. License plate returns somebody one year in should visit international finance to serve committee at least, review the past one year outstanding achievement, discuss future one year plan picture. All companies that hold a card must submit monthly, quarter and year report, basically be about capital requirement, security demand, increase and decrease is expressed, carry out trade detail and the information that other superintendency orgnaization asks to offer.

The accountant reachs audit side, want to report according to international finance affairs saves proper accountant record, do not have compulsive audit requirement to holding card person. Additional, the company is besides Belize taking income need not pay taxes.

Ear of tongue of 2. a place of strategic importance

In ear of tongue of a place of strategic importance, superintendency authorities is financial service management board, type of relevant license plate trades for negotiable securities business, the person that hold a card can provide a variety of finance tools (include stock, bond, drop period, period authority futures and price difference agreement) . The capital of afore-mentioned license plate asks to be 50 thousand dollar, year expend 2500 dollars.

What office spot asks the respect is worth to carry is: Want to have hypostatic office place, want to have permanent stuff. The person that hold a card must recruit at least 2 natural people to hold the post of trustee, the adviser of negotiable securities to inquire and consult that engages 1 to have license plate at least or an investment to seek advice that have license plate are advisory. All people that hold a card must buy professional liability insurance. Every company administrator must satisfy requirement of proper personnel principle.

Superintendency demand side, 5 lowest fluidity asks (include cash or other type capital fund) , but company lowest capital must be maintained in above of 50 thousand dollar. If the company produces materiality to change (appoint for example or dismiss trustee or administrator) , get any chasten punish, those who produce any bringing about to make the person that hold a card suspends operation is fluctuant, the person that hold a card must inform finance serves management board. After the client enters gold, the company must deposit client fund instantly in separate bank account. The person that hold a card must preserve the record of all discrepancy gold from client bank account.

Superintendency orgnaization has the right: The property that restricts the person that hold a card to begin professional work and Geng are surrounded, include to provide the kind of negotiable securities, it is OK to hold card person certainly hold client capital, the requirement holds a card to the person is obtained in accepted overseas stock exchange and maintain member qualification.

Accountant and audit demand side, all average per capita that hold a card must report according to international finance affairs accountant of reasonable reservation records . All people that hold a card are in obtain license plate must appoint an audit personnel inside 30 days. Foreign audit staff must obtain finance to serve the accredit of management board.

3. covers with tiles exert A pursues

In Wanuatu, the superintendency orgnaization of all finance license plate all is commission of service of banking of graph of A of made of baked clay exert, the orgnaization is superintended in this, you can apply for license plate, undertake finance and heavy goods derive tool and other negotiable security to trade. Time of license plate application is in 2-3 month, capital asks to be 2000 dollars only, incorporeal office ground orders a requirement. Application material is two pages form. System of taxation of picture of A of made of baked clay exert is very wide Zuo , without income tax, get tax without capital benefit, without death duty.

Superintend system completely

1. United States (NFA)

NFA of superintendency orgnaization abbreviation, association of futures of American whole nation (National Futures Association---NFA) , association of futures of American whole nation (NFA) is a basis the United States " commodity trades law " the 17th regulation, at the futures industry that established 1976 self-discipline is organized, belong to blame profitability member to make an organization, it is American futures and foreign currency trade blame commerce superintends an orgnaization independently. " commodity trades law " come from the 17th times 1974 " commodity futures trades committee (CFTC) law " the 3rd chapter, this registration book that ruled futures association partly and CFTC manage the superintendency of association to futures professional self-discipline. On September 22, 1981, CFTC accepts NFA to become " formally to register futures association " , on October 1, 1982, NFA begins formally to run.

Association of futures of American whole nation, it is the autonomic organization of industry of a futures. Look on the whole, the United States does not encourage development industry of retail foreign currency, hitting with severe superintendency all the time instead pressure retail assemble business.

2. England (FCA)

British finance serves management board (FSA)2013 since year be replaced by two new superintendency orgnaization place, they are financial act superintendency bureaus respectively (Financial Conduct Authority, FCA) and careful superintendency bureau (Prudential Regulation Authority, PRA) . Counterpoise to the superintendency of broker dealer among them will turn over to FCA by FSA entirely.

The orgnaization is superintended in the center of FCA is service industry of British finance investment, be in charge of superintending bank, insurance and investment business. FCA is the whole world superintends the most perfect, law to carry out the finance with the most powerful force to superintend an orgnaization at present, become each country finance to superintend the allusion Geng of orgnaization study, its authority gets investor height is agreed with.

FCA is an independent orgnaization that does not belong England bank. Since April 1, 2013, the duty of FCA is to promote effective competition, ensure relevant market is run normally, superintend all finance to serve the behavior of the company. Include to prevent the market to abuse behavior among them, help consumer gets trading fairly opportunity. Meanwhile, what FCA still is in charge of sufferring the finance that PRA superintends to serve a company is careful superintend, for example, asset management company and independent finance affairs are advisory.

Be maintained when firm of some FCA member insolvency when its debt, can start compensation formula, with compensating for investor trade capital. Because this chooses to get superintended investment platform normally, will the capital of huge protection investor is avoided suffer needless loss.

FCA initial stage did not want. Of England, too do sth over and over again, and trade newly business does not have assorted one advantage, more difficult. An office adds the bail Plus that totes on 1 million pound invite applications for a job, Zuo period is very long also, whole group is not dead also delamination skin.

3. Australia (ASIC)

Australian finance domain superintends an orgnaization to be Australian negotiable securities and investment committee. Main license plate is license plate of financial service provider. The person that hold a card can begin broker professional work, and trade through having account oneself. Capital asks to be 1.1 million bay yuan, year cost is in 3500 bay yuan to 50 thousand bay yuan, depend on trade quantity.

Office ground orders a requirement: Must have hypostatic office place. At least an Australia person regards company management as the person. Can surround indrawn Australia person to provide investment service in Australian Geng only.

A few main superintendency demands: In the final phase of application, capital asks capital must be frozen. After the company obtains license plate, be asked capital general must is already issued solid control capital, and the capital requirement capital of 50% must be liquid assets. Client capital must be kept apart deposit. Investment firm must fulfill capital the regular report of enough rate and big risk respect is compulsory, still must perform internal audit additionally report, close compasses report, risk government report, wash money instead newspaper of money of audit of report, classics and audit report, add up to compasses plan picture, groom register and the report that the product examines policy is compulsory. License plate holder must become investor to compensate for fund member. The person that hold a card still must play professional liability insurance and trustee and danger of tall canal responsibility.

The accountant of reasonable reservation of accountant mark that all companies must approbate according to international is recorded, fulfil audit obligation.

Besides reservation the accountant is recorded, still report of Wu of duty of statement of report of monthly duty Wu, monthly, quarter also needs to withhold, if have,recruited employee, retain monthly wages sheet even. All companies must publish statement, clause and condition and financial service how-to.

4. Canada (IIROC)

Tubing of inspect of Canadian investment industry (IIROC) carry out to foreign currency and all negotiable securities trade likewise legal provision. Trade to foreign currency business and relevant broker dealer, IIROC put forward lowermost capital gold to ask (former be 250, 000 add yuan, latter is 75, 000 add yuan) . In the meantime, IIROC was promulgated a few otherer law, control a client trade risk. Trade through limitation lever (be based on pair of some money to plant fluctuation and liquidity requirement, make to immediate risk earnest money evaluate, in order to decide whether uses limitative policy) , protect client interest, forestall the excessive speculation of gambling house style. And, to avoid the harm that negotiant is gone broke by broker dealer, the 1 million increases yuan of number finance that it still provided tripartite accept insurance for every negotiant is safe.

5. Hong Kong (FSC)

Superintendency orgnaization of Hong Kong finance is inspect of Hong Kong card is met. License plate type has 3: One kind (negotiable securities trades) , 2 kinds (futures contract trades) , 3 kinds (foreign currency lever trades) . The 3rd kind of license plate is aimed at foreign currency provider, the most welcome. Application examines and approve time to be 4-6 month. All sorts of license plate capital ask to differ, differ to 1.3 million HK dollar from 700 thousand HK dollar. Year cost differs to come from 6000 HK dollar according to license plate type 19 thousand HK dollar. [note: Amount to according to ADS collect Li Jigang point out mistakes so that they can be corrected, the lowest of requirement of capital of 3 license plate of Hong Kong is 30 million Hongkong dollar]

Office ground chooses a side: Must create hypostatic office spot, employee must be Hong Kong dweller.

License plate application must be referred by Hong Kong company or the Hong Kong company that already registered.

License plate applies for a company to want to two tall canals are in charge of company management at least, and amid appoints to be executive trustee. Application company reachs his the principle of proper person selected that tall canal, employee and partner must accord with inspect of Hong Kong card to be able to set. Meeting general checks watch of Hong Kong card the aptitude of respect of etc of the applicant's liquidity and financial standing, education, relevant experience that plans to develop business field, integrity begins reputation of the ability that gets superintendency business activity, company and financial and dovish sex fairly to undertake assessment.

Superintendency requirement: The company that hold a card must hold real pay capital stock and fluidity sth used to one's own advantage all the time not less than lowermost capital requirements. The person holding a card of hold client capital must open account in the bank of Hong Kong. Client capital must be kept apart deposit. All people that hold a card must withhold ability of financial pay off and financial standing, finance affairs to teach overview, interior to close compasses and inside the relevant record that charges an institution.

The finance affairs of reasonable reservation of accountant mark that all people that hold a card must approbate according to international is recorded, submit monthly magazine, quarterly reports and annual report. All companies must publish money newspaper to the public.

6. Singapore (MAS)

Singapore banking superintendency bureau, monetary Authority Of Singapore of English full name, abbreviation " MAS " . Singapore banking superintendency bureau (MAS) the central bank that is Singapore.

Before 1970, all sorts of money function of the central bank of Singapore are carried out by many government sectors and orgnaization. As the rapid development of Singapore, the bank becomes increasingly Xuan is miscellaneous the each money function that the monetary environment that wants with development asks the government must cut governmental orgnaization, make sure monetary policy provides vigor and continuity more thereby. Accordingly, singapore parliament passed Singapore finance to superintend bureau act 1970. In January 1971, singapore banking superintendency bureau (MAS) hold water. Singapore banking superintendency bureau (MAS) act gifted Singapore banking superintendency bureau (MAS) superintendency money the influence of each respect, for instance each respect of bank and Singapore finance domain.

Say commonly, current Singapore finance is superintended bureau (MAS) administer is worn this code of money, bank, safe, negotiable securities and financial department. Singapore finance superintended afterwards on October 1, 2002 bureau (MAS) after board of directors of orgnaization of money adding up to , he also had the function that distributes a money.

7. Mauritius (FSC)

Mauritius finance serves management board (abbreviation FSC) held water 2001, be not the superintendency orgnaization of bank banking service industry for Mauritius. The Geng of powers and authorities of office of FSC is surrounded include to wait for finance to serve a company to undertake supervise and be checkupped to negotiable securities, insurance, the diaphaneity of the orgnaization of blame bank finance of stimulative development fairness, efficiency and capital market, provide safeguard for investor further thereby.

8. European Union (MIFID)

Now, in to foreign currency and n duality period power company superintends a respect, most the superintendency area that gets attention is an European Union. In suffer superintendency market, other trade the executive investor that system and investment firm have an organization trades respect, the European Union established comprehensive superintendency system. One of regulations are, investment firm wants to superintend an orgnaization to get license plate from the country of a member of the European Union only, have according to laws and regulations of market of tool of European Union finance (MIFID) the freedom that the instruction offers investment service and activity in whole European Union (say normally for license plate right) , professional work can be begun in any areas of the European Union. Current, instruction 2004/39/EC (MIFID 1) is effective still, but will be replaced by place of instruction 2014/65/EU (MIFID 2) , on July 3, 2016, the European Union will issue relevant announcement. This MIFID instruction sets, to make invest right of company exercise license plate, country of European Union member must not be aimed at the investment firm that gets used to this instruction to issue any additional requirements. Besides afore-mentioned license plate rights, the European Union becomes company of power of n duality period most another of gay superintendency area main reason is, 2010 end, the European Union admits authority of n duality period is the financial tool position that attributes MIFID instruction to superintend. After making this decision, the superintendency orgnaization of country of European Union member begins to approve the license plate application of the investment firm that provides professional work of authority of n duality period only. Card inspect can be in Saipulesi this respect is forerunner, after Maltese financial service bureau tightens therewith. According to newest report, england also will is opposite n duality period counterpoises superintend transfer financial act superintendency bureau from rich prize committee. Additional, afore-mentioned superintendency areas also become foreign currency to serve the destination of the provider. The capital of European Union area asks cent is 80 thousand euro (in the light of not the broker dealer of hold client capital) , 125 thousand euro (the broker dealer that is aimed at hold client capital) , 730 thousand euro (in the light of the business that become city) . License plate year expend each member country to differ somewhat. For example, saipulesi comes from 3500 euro 75 thousand euro. Maltese come for 1300 euro 10 thousand euro.

9. surpasses Pulesi (CYSEC)

Period authority provider all suffers Saipulesi's foreign currency and n duality surpass what card inspect meets Pulesi to superintend.

Saipulesi has the license plate of 3 kinds of types: Not the broker dealer of hold client capital, broker dealer of hold client capital, business that become city. The most welcome license plate is the broker dealer of hold client capital, especially to n duality period authority provider. A few foreign currency serve a provider to need to consider to make town business license plate, because make town business license plate,be to allow exclusively to hold card person to carry the license tag that oneself account trades.

The time that files license plate is 5-6 on average month, recently, card inspect can announce Saipulesi accelerate examine and approve a process, examine and approve will be in 2 months finish. The capital of all sorts of license plate asks to differ, not the broker dealer of hold client capital is 80 thousand euro, the broker dealer of hold client capital is 200 thousand euro, the business that become city is 1 million euro. Year expenses comes in 3500 euro between 75 thousand euro.

Office ground chooses a side, the company must have hypostatic office place in Saipulesi. Want to two sides runs personnel management company high at least, want to two blame carry out trustee at least additionally. Most trustee must be the Lesi that surpass general's dweller, additional, invest a service to must be offerred in Saipulesi.

A few main superintendency demands: In the final phase of application, capital asks capital must be frozen. After the company obtains license plate, be asked capital general must is already issued solid control capital. Primitive equity, board of directors and the change that manage a layer must be strapped via surpassing general this card inspect can be approved. Client capital must be kept apart deposit. Investment firm must fulfill capital enough rate and company money market are big the regular report duty of risk respect. Other report obligation still includes internal audit report, close compasses report, risk government report, wash money instead newspaper of money of audit of report, classics and audit report. License plate holder must become investor to compensate for fund member.

Finance affairs and audit respect ask: The accountant mark that all investment firm must approbate according to international preserves proper accountant record, fulfil audit obligation even.

10. New Zealand (FSP)

FSP, full name is Financial Service Providers (finance serves an industry) , the superintendency that accords with this type calls FSPR, namely Registrar Of Financial Service Providers (register finance to serve an industry) . New Zealand was passed on September 29, 2008 " service company registers 2008 finance to solve act with conflict " (The Financial Service Providers (Registration And Dispute Resolution) Act 2008) .

Begin from August 16, 2010, finance serves an enterprise to superintend orgnaization FSPR to begin to accept the application of financial company, and begin from December 1, 2010 almost companies of all service of New Zealand banking all need to register ability to offer corresponding finance to serve in FSPR.

Purpose

The 1 form that lets all finance serve a provider to be able to inquire with the electron appears, compulsive get of New Zealand government ' code of financial service provider 2008 ' superintend

2 enhance all finance to serve a provider the diaphaneity to the public, invite the public can the finance that be clear at a glance knows to all finance serve a provider to be able to be offerred serves a category

3 those who ensure all finance serve a provider close plan is legal, without criminal record 4, government of help New Zealand goes carrying out the financial duty between international, the company outside preventing the sea namely undertakes washing Qian Hejin after New Zealand is registered be in harmony is terroristic

11. enlighten do obeisance to (DFSA)

Be in harmony serves Dibaijin management board (Dubai Financial Services Authority, DFSA) the risk administration that DFSA is independence, be in charge of issueing business certificate and manage DIFC interior the activity of orgnaization of of all kinds finance. DFSA uses international accepted bid , lend Zuo superintendency practice of Euramerican finance waiting for a country, made one a complete set of suit the superintendency system of DIFC.

DFSA is spent with extremely strict inspect control famed, the executive strength of the enterprise that superintends to sufferring it and orgnaization requirement the superlative degree. DFSA the accredit admittance requirement with hold and its accredit coequal and strict at the same time license plate.

12. Switzerland (FINMA)

Swiss money market supervises the English full name of management board to be Swiss Financial Markets Supervisory Authority, abbreviation FINMA. This orgnaization basis " act of federal of Swiss banking superintendency bureau " , held water formally on June 22, 2007. It is to have orgnaization of independent corporative independence, bai Erni of capital of Switzerland of its headquarters locate. Supervisory management board of Swiss money market is direct parliament of Yu Ruishi of devote one's life to, go up from the orgnaization, the federal administration that independent Yu Ruishi gets on with finance affairs on the function and federal treasury department. This orgnaization is integrated office of government of confederative and private insurance (FOPI) , committee of Swiss federal banking (SFBC) and Switzerland washs money to control a committee member instead foregoing function, be in charge of pair of Switzerland in the round all finance are superintended. Include: The bank of superintendency Switzerland, insurance company, stock exchange, negotiable securities trades business and interpose of intermediate of other and of all kinds finance (include foreign currency to trade among them business)

Swiss foreign currency trades business must obtain banking from aptitude of course of study. Switzerland superintended authorities to set detailed rules to this. Switzerland trades the lowermost net capital of business is not gotten under 9 million dollar, existing Switzerland trades in business, only ten companies accord with a requirement. The Switzerland with other insufficient actual strength trades business, want one to amount to mark through adding up to ; Want one to leave Switzerland, run quickly to Saipulesi or dimension Beijing archipelago (Virgin Island) and other places is registered, continue their pan career; Want one to be retreated return client fund, close close a business, exit Swiss foreign currency the arena of retail industry.

13. Japan (JFSA)

The mark Zha of financial hall is the combination of the first letter FSA of Financial Services Agency, the portion of central S represents expedite financing, baby blue represented fund flow is smooth the administrative diaphaneity with the orgnaization. [1] finance hall is the main superintendency branch of business of foreign currency security, with us China executes minute of industry government to differ, japanese finance is superintended those who execute is to mix course of study to superintend, be opposite solely by financial hall namely course of study of banking, negotiable securities, insurance and blame finance orgnaization undertake be superintendencied in the round. Collect security business orgnaization external superintend, basically include regular examination (half an year or wait when settle accounts end of the year) , at any time examination and trade every months of end provides business trade the form such as the report.

Foreign currency trades the content of lunar end report that business provides: Oneself capital rate situation, business develops fund of state, client detached and custodial circumstance (the tripartite Yin that is equivalent to home is in charge of) , market risk, superior trades business risk, trade risk, liquidity risk

14. Russia (CBR)

Russia Central Bank (CBR) become central superintendency orgnaization formally from October 1, 2015. CBR call time of license plate examine and verify 60 days. The license plate of CBR is called " foreign currency tr