Regulators： Cayman Islands Financial Supervisory Authority

Regulatory region： Cayman

License Type： Broker

Application price (USD)： ****

Application frequency： 4 months

Maintenance costs (USD)： ***

Company summary： The Cayman Islands is located in the Western Caribbean and is known as one of the world's major financial centers. Compared to traditional offshore jurisdictions, the Cayman financial services industry is well regulated and therefore enjoys a very positive reputation among investors. Companies registered in the Cayman Islands who wish to engage in brokerage business must hold a license issued by the Cayman Islands Monetary Authority (CIMA). CIMA has the following requirements: The company account needs to be audited once a year Annual accounts need to be submitted to CIMA and accompanied by a compliance certificate Any modifications to company information require notification to CIMA within seven days The internal control of the license holder needs to be independently audited Monthly reports need to be submitted by licensed brokers The data on the annual balance sheet needs to be consistent with the data in the monthly/quarterly reports Provide current insurance information

Product details： The Cayman license, with its strong license qualifications and flexible leverage, has become one of the competitive performances of foreign exchange brokers. Any institution or individual engaged in securities investment business, in addition to being exempt, must apply for a license from CIMA. Engaging in securities investment business without permission shall result in a huge fine and imprisonment of not more than one year; If the crime continues, a daily fine should be imposed, during which the crime continues. Entities that have already obtained permits in other legislation of the Cayman Islands do not have exemption permits. Therefore, banks, trust companies, mutual fund managers, and other licensed entities engaged in securities investment business must apply for licenses in accordance with the law. The types of licenses include brokers, market makers, securities brokers, securities managers, and securities advisors. CIMA can attach conditions to the license plate and may....