EBC Financial Group (Cayman) Limited Granted Full Regulatory Licence from the Cayman Islands Monetary Authority (CIMA)
28 Marzo 2024 - 4:53AM
EBC Financial Group (EBC Group or EBC) is pleased to announce that
its Cayman Islands subsidiary, EBC Financial Group (Cayman)
Limited, has been awarded a full Cayman Islands Monetary Authority
(CIMA) licence. This significant achievement marks a major
advancement in EBC's global regulatory portfolio, following its
existing accreditations from the UK's Financial Conduct Authority
(FCA) and the Australian Securities and Investments Commission
(ASIC).
Within CIMA's strict regulatory framework, EBC
will offer more comprehensive financial services, including trusts,
securities, futures, and funds, specifically catering to retail,
professional, high-net-worth individuals and institutional
investors.
The Cayman Islands, recognized as a premier
offshore financial centre, gathers 90% of the world's banks and
over 85% of hedge funds. CIMA, the Cayman Islands Monetary
Authority, is renowned for its rigorous standards and comprehensive
oversight, mirroring the UK's legal framework. Strict information
disclosure, client fund protection, and compliance management
requirements ensure the integrity and stability of the financial
sector.
Among the Global Elite with Full
LicensingSince its establishment, CIMA has issued only a
limited number of full regulatory licences. In the past two years,
only four entities have passed the audit. EBC Group stands as one
of the very few firms to have secured the coveted full regulatory
licence.
EBC Group, having undergone stringent scrutiny,
secured a full regulatory licence, granting EBC Financial Group
(Cayman) Limited comprehensive permissions in dealing, arranging,
managing, and advising, all under CIMA's strictest regulations,
including the Securities Investment Business (SIB) framework. EBC
adheres to these requirements, ensuring comprehensive investor fund
security.
Before receiving the full regulatory licence
from CIMA, EBC held two top global regulatory licences: EBC
Financial Group (UK) Ltd is authorized and regulated by the UK's
Financial Conduct Authority (FCA); EBC Financial Group (Australia)
Pty Ltd is authorized and regulated by the Australian Securities
and Investments Commission (ASIC).
The full regulatory licence issued by CIMA
consolidates EBC's position as a global top-tier financial group,
promotes cross-jurisdictional asset allocation, and provides more
comprehensive framework support for expanding global services.
EBC Group holds the highest-level Corporate
Banking Account with Barclays, providing equal fund security under
different regulatory bodies. Consistent with EBC Financial Group
(UK) Limited's strict adherence to the FCA's CASS rules, EBC
Financial Group (Cayman) Limited rigorously complies with CIMA's
client fund protection regulations. Client funds are independently
safeguarded at Barclays UK, enjoying the same AAA-level security
protection.
Future Directions:EBC Group is
set to explore new horizons and expand its diversified and
innovative services globally. Looking ahead, EBC will adhere to its
original intention, strictly abide by CIMA's high standards, ensure
that investors enjoy a compliant trading environment, and thus
build a safer regulatory protection mechanism to promote industry
trust and information transparency.
For more information on EBC Financial Group, please visit:
https://www.ebc.com/.
About EBC Financial Group
Founded in the esteemed financial district of
London, EBC Financial Group (EBC) is renowned for its comprehensive
suite of services that includes financial brokerage, asset
management, and comprehensive investment solutions. With offices
strategically located in prominent financial centres, such as
Sydney, Hong Kong, Tokyo, Singapore, Bangkok, Limassol and more,
EBC caters to a diverse clientele of professional, individual and
institutional investors worldwide.
Recognised by multiple awards, EBC prides itself
on adhering to the highest levels of ethical standards and
international regulation. EBC Financial Group (UK) Limited is
regulated by the UK's Financial Conduct Authority (FCA), EBC
Financial Group (Australia) Pty Ltd is regulated by Australia's
Securities and Investments Commission (ASIC), and EBC Financial
Group (Cayman) Limited is regulated by the Cayman Islands Monetary
Authority (CIMA).
At the core of EBC Group are seasoned
professionals with over 30 years of profound experience in major
financial institutions, having adeptly navigated through
significant economic cycles from the Plaza Accord to the 2015 Swiss
franc crisis. EBC champions a culture where integrity, respect, and
client asset security are paramount, ensuring that every investor
engagement is treated with the utmost seriousness it deserves.
Media Contact:Douglas Chew+6011 3196
6887douglas.chew@ebc.com
Photos accompanying this announcement are available
at
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