Vanuatu Financial Services Commission License Awarded To Doo Prime by the Vanuatu Government
(VANUATU – April 10) Doo Prime is very pleased to announced that we have received the regulatory approval from the Vanuatu Financial Services Commission (VFSC).
The license is granted by the Minister of Finance Vanuatu Financial Services Commission (VFSC), effective from April 14 2020.
As of now, Doo Prime Vanuatu Limited has obtained the Securities Dealer’s license to operate business related to underwriting securities and depositing money with professional clients securely and efficiently.
Under the supervision of VFSC, Doo Prime will be providing superior products and quality online trading services to all clients.
This license allows Doo Prime to trade Forex and commodities, buy, sell, trade securities such as shares, bonds, options et cetera and manage a portfolio of investments for and on behalf of our clients.
Doo Prime is able to obtain the license of the Securities Dealer by the requirement of the Dealers in Securities (Licensing) Act [Cap 70 of the laws of Vanuatu] (previously called Prevention of Fraud (Investment) Act) which allows individuals and companies to apply for such license.
Moving forward, with a Principal’s License, Doo Prime as a holder has the right to operate our business of “dealing in securities” which refers to making, offering, inducing or attempting to induce any person into any agreement with a view to acquiring, disposing of, subscribing for, underwriting securities, lending, depositing money to or with any industrial, provident society and building society.
The agreement may also include any agreement the purpose or pretended purpose of which is to secure a profit to any of the parties from the yield of securities or by reference to fluctuations in the value of securities, and “deal in securities” shall be construed accordingly;”
As a result, foreign exchange transactions that are intended to make a profit for the client (as opposed to simple money exchange) fall within the definition of “dealing in securities” and the provided licenses will assist Doo Prime to carry out such business for the Securities Licence is required.
Through our vigilance against complacency, we at Doo Prime remain committed to our corporate vision to offer the highest quality services to retail forex traders and partners.
— Ends —
For further information, please contact us via:
Europe: +44 1137335199
Asia: +852 3704 4241
Asia – China: +86 4008427539
Email: [email protected]