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Fast word right here, it’s also common practice below MiFID2 where brokers are required to take care of a replacement policy for all the key personnel of the company, to avoid any setbacks of their duties because of resignations/removals. Though individuals/offices will attempt to convince you that they will get your setup up and working inside four months (or less), we are going to refrain from making any promises since it’s in the discretion of the national regulator to approve, ask questions and even reject any software depending on its complexity and structure. Furthermore, the modification introduces the brand new classification system that obligates candidates to decide on between Class A, B and C Principal’s license, relying on the activities the broker intends to conduct. The office should maintain software for filing, management and accounting, a enterprise continuity system and server. The Shareholder of the corporate could be a legal person, unlike the minimal of 1 Director (that should be pre-authorized by the VFSC) and appointed on the board.

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