|
GENERAL LICENSING POLICY AND SPECIFIC REQUIREMENTS FOR INVESTMENT BUSINESS LICENCEHOLDERS
The Commission's General Licensing Policy for those seeking a Banking, Investment Business or Fiduciary Licence sets out the general principles that apply to all licensed sectors. However, the definition of "investment business" includes a wide range and variety of activities as well as different disciplines and the Commission adapts its regulatory and supervisory approach accordingly. The particular requirements and expectations relating to the different categories of investment business licenceholder are specified in the tables in Appendix 1 to the licensing policy.
The Commission has also made regulatory codes under Section 6 of the IBA, which set out the Commission's requirements in relation to the conduct of investment business and place ongoing objectives on a holder of an investment business licence (see Section 3 below).
|
