EC Markets secured a key license that allows it to operate fully in the country’s tightly controlled financial sector. The Securities and Commodities Authority (SCA) of the
UAE has issued EC Markets a Category 5 license, which permits the broker to
introduce clients, market its services, and provide a range of financial
consultations within the country.
Regulatory Win in a Tightly Regulated Market
This development comes as global firms increasingly
target the Middle East for its capital inflows and fintech innovation. Operating
under SCA oversight places EC Markets in a select category of international
brokers with legal backing to function in the UAE.
EC Markets already holds licenses from several major
jurisdictions, including the UK’s Financial Conduct Authority (FCA),
Australia’s ASIC, and South Africa’s FSCA.
The addition of the SCA license brings further depth
to its regulatory footprint and positions the firm to respond quickly to client
needs across different geographies.The company underwent a rigorous evaluation process
for the license, supported by the legal team at Varnavas Playbell & Co.
LLC.
Middle East Becomes New Focus
With its new license, EC Markets joins a
growing list of international firms seeking to embed themselves in the Gulf’s
evolving financial ecosystem.
Expect ongoing updates as this story evolves.
EC Markets secured a key license that allows it to operate fully in the country’s tightly controlled financial sector. The Securities and Commodities Authority (SCA) of the
UAE has issued EC Markets a Category 5 license, which permits the broker to
introduce clients, market its services, and provide a range of financial
consultations within the country.
Regulatory Win in a Tightly Regulated Market
This development comes as global firms increasingly
target the Middle East for its capital inflows and fintech innovation. Operating
under SCA oversight places EC Markets in a select category of international
brokers with legal backing to function in the UAE.
EC Markets already holds licenses from several major
jurisdictions, including the UK’s Financial Conduct Authority (FCA),
Australia’s ASIC, and South Africa’s FSCA.
The addition of the SCA license brings further depth
to its regulatory footprint and positions the firm to respond quickly to client
needs across different geographies.The company underwent a rigorous evaluation process
for the license, supported by the legal team at Varnavas Playbell & Co.
LLC.
Middle East Becomes New Focus
With its new license, EC Markets joins a
growing list of international firms seeking to embed themselves in the Gulf’s
evolving financial ecosystem.
Expect ongoing updates as this story evolves.
This post is originally published on FINANCEMAGNATES.
