News from Law Partners – New Financial Markets Association – International Companies
New Financial Markets Association of Vanuatu will uphold the highest professional standards in online trading
Law Partners is proud to announce the launch of the Financial Markets Association of Vanuatu (FMA Vanuatu) which we co-founded along with five other Registered Agents for the Republic of Vanuatu’s Financial Dealers Licensing Program (FDL).
Launched officially on 13 November 2020, the new Financial Markets Association will “develop, implement and uphold the highest professional standards in order to protect our industry from financial crime, earn the trust of our partners and clients and contribute to the long-term prosperity of Vanuatu,” according to their mission statement.
The FMA Vanuatu will act as a self-regulatory body for FDL holders that establish online platforms used by retail providers to trade in financial instruments and securities. One of the aims of the non-profit organization is to enable a committee of peers and government regulators to consider and apply sanctions and process and arbitrate complaints in accordance with the FDL program. The FDL program was created in 2016 and is overseen by the Vanuatu Financial Services Commission(VFSC). The FMA Vanuatu will also help its members adhere to the highest international standards in online trading.
The FMA Vanuatu is based in Port Vila, just opposite Law Partners’ offices.
For any information about Financial Dealers Licensing or the Financial Market Association, please do not hesitate to contact us.
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