Hello, does anyone know how accreditation of a broker by MAS affects/insures me? - Seedly
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Jovan Lai

Asked on 15 Jul 2020

Hello, does anyone know how accreditation of a broker by MAS affects/insures me?

Trustworthiness of a brokerage firm

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Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 2d ago

Securities brokerage can apply for the capital markets services licence.

When assessing an application for a CMS licence, MAS takes into account factors such as:

  • Fitness and propriety of the applicant, its shareholders and directors.

  • Track record and management expertise of the applicant and its parent company or major shareholders.

  • Ability to meet the minimum financial requirements prescribed under the SFA.

  • Strength of internal risk management and compliance systems.

  • Business model/ plans and projections and the associated risks.

This is to safeguard the interest of the clients and minimise risk associated with the company.

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ūüĎć
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Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
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