Archives: Financial license

Hong Kong License No. 1，Officially known as Type 1 regulated activity dealing in securities，Licensed by the Hong Kong Securities and Futures Commission (SFC) in accordance with the Securities and Futures Ordinance。Licensed corporations may engage in securities brokerage subject to conditions、Placing、underwriting or trading，and must comply with client assets、Capital and suitability requirements。(For example, Futu Securities International)。

American RIA，Officially known as a registered investment adviser，Register with the U.S. Securities and Exchange Commission (SEC) or state securities regulator under the Investment Advisers Act。Registered institutions can provide securities investment advice and asset management for a fee，Federal or state registration depending on AUM、Customer and business situation。(e.g. Betterment、Wealthfront）。

Hong Kong license No. 4，Officially known as Type 4 regulated activity advising on securities，Licensed by the Hong Kong Securities and Futures Commission (SFC) in accordance with the Securities and Futures Ordinance。Licensed corporations may provide securities research and investment advice subject to conditions，However, executing transactions or fully managing assets on behalf of clients usually requires a Type 1 or Type 9 license.。

Singapore CMS license，Officially called a capital markets services license，Approved by the Monetary Authority of Singapore (MAS) in accordance with the Securities and Futures Act。Licensed institutions may engage in securities or derivatives transactions based on approved projects、Fund management、Corporate Finance Consultant、Capital market services such as product financing or custody。

Singapore VCFM license，Official capital markets services license for venture capital fund managers，Regulated by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act。Its business is limited to the management of investment portfolios that qualify as venture capital funds，Usually invests in unlisted、Companies that have been established for a relatively short period of time，Not equivalent to a general retail fund management license。

Cayman Private Equity Fund Registration，Regulated by the Cayman Islands Monetary Authority (CIMA) in accordance with the Private Funds Law，Mainly applicable to closed-ended collective investment arrangements where investors do not have the right to redeem on demand。The fund must be registered，and continue to adhere to valuations、Asset custody、Cash monitoring、Auditing and annual reporting requirements。

BVI private equity fund establishment，Officially known as Private Investment Fund Accreditation，Regulated by the British Virgin Islands Financial Services Commission (BVI FSC) in accordance with the Securities and Investment Business Act and the Private Investment Funds Regulations。This system is mainly used for closed-end funds that are not redeemable from the public.，and must be appointed to manage、Designated functional personnel such as valuation and custody。

Cyprus Securities License，Officially known as Cyprus Investment Company (CIF) License，Regulated by the Cyprus Securities and Exchange Commission (CySEC) in accordance with investment services laws and the MiFID II framework。Permitted business may include receiving and delivering orders、Execute trade、investment advisor、Underwriting or Portfolio Management，And can provide cross-border services according to the EU notification mechanism。

New Zealand FSP usually refers to registration on the Financial Services Provider Register (FSPR)，Administered by the New Zealand Companies House。Registration applies to institutions providing covered financial services in New Zealand，But it does not mean that FMA endorses or authorizes；Derivative product issuance、Fund management and other permitted activities still require a separate FMA license。

US STO registration is not an independent license，Instead, the issuance of security tokens is registered and issued in accordance with the Securities Law.，Or Regulation D applies、Regulation S and other exemptions。The issuer may be required to submit documents such as a registration statement or Form D to the SEC，trading platform、Brokerage and custody businesses may also require SEC、FINRA or state-level licensing。