Regulations & Registrations
Financial Services Commission Mauritius (FSC)
Dealing Mauritius (Finvasia Capital Ltd) is regulated by the Financial Services Commission Mauritius under an Investment Banking License for activities pursuant to Section 79A of the Financial Services Act 2007 and the Financial Services (Consolidated Licensing and Fess) Rules 2008.
Licence number: IK21000018
The Financial Services Commission, Mauritius (the ‘FSC’) is the integrated regulator for the non-bank financial services sector and global business. Established in 2001, the FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005 , the Private Pension Schemes Act 2012 and the Virtual Asset and Initial Token Offering Services Act 2021 to license, regulate, monitor and supervise the conduct of business activities in these sectors.
Financial Services L.L.C
Finvasia Capital Introduction To Financial Services L.L.C is licensed by the UAE Securities and Commodities Authority (SCA) in the Fifth Category: Arrangement and Advice, pursuant to UAE Federal Law No. (4) of 2000 concerning the Emirates Securities and Commodities Authority and Market, and based on the powers vested in the SCA Board of Directors.
License No.: 20200000253
The Securities and Commodities Authority (SCA) is the UAE federal regulator responsible for licensing, regulating, monitoring, and supervising activities in the UAE securities and commodities markets under the applicable legal framework, including Federal Law No. (4) of 2000.
Cyprus Securities and Exchange Commission (CySEC)
Dealing Europe (Charlgate Limited) is regulated by the Cyprus Securities and Exchange Commission, as a Cyprus Investment Firm.
Licence number: 367/18
CySEC is the financial regulator of the Republic of Cyprus, established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001. The purpose of CySEC is to facilitate the sound development of the securities market and safeguard investor protection, through the exercise of efficient supervision.
Directives and Memberships
MiFID II
The European Union’s Markets in Financial Instruments (MiFID II) directive 2014/65/EU provides a harmonised regulatory regime for the provision of investment services within the EEA. The key objectives of the directive are to maximise efficiency, increase financial transparency, encourage competition and ensure greater consumer protection. MiFID II allows investment firms to provide investment and ancillary services to another member state and/or a third country, provided that such services are covered by the investment firm’s authorisation.
Investor Compensation Fund (ICF)
Charlgate Ltd is a member of the Investor Compensation Fund (ICF). The ICF has been set up according to Article 59(1) and (2) of Law 144(Ι)/2007 as an investor compensation fund for Cyprus Investment Firm clients. Its functions are regulated by the directive DI87-07 of CySEC. The fund’s objective is to secure the claims of covered clients against the ICF members, through financially compensating for any claims arising from the failure of a member of the fund to meet its obligations.
