To be authorised to set up a crypto asset exchange, an applicant must satisfy the FSRA that all applicable requirements of FSMR have been and will continue to be complied with.
Public disclosures -- Under the relevant rules of the FSMR, a crypto asset exchange may be required to make certain information public.
The Guidance sets out that virtual currencies are treated as commodities, where the derivatives trading of virtual currencies is regulated under the FSMR
while spot trading of virtual currencies is not.
In order to afford the same protection the FSRA offers to other similar products within the FSMR
(including relevant rule books) it has widened the scope of definitions of "Providing Custody", "Client Assets", "Client Investments" and "Investment Business" (as defined under the FSMR
) to include crypto assets and OCAB.
If the FinTech participant is at an early stage of product development, it will not be permitted to conduct regulated activities, hence, it will not need to be authorised under the FSMR
Abu Dhabi Global Market (ADGM), Abu Dhabi's financial free zone, has published a series of consultation papers on draft Financial Services and Market Regulations (the FSMR Regulations) which will establish the framework which will govern the licensing, operation and regulation of financial services firms established in the ADGM.
The FSMR Regulations constitute the second phase of legislation, and will establish a financial services regulatory framework.
Simeon Miguel alias Simpak, 22, married, vice team leader of platoon north of Guerrilla Front 71 FSMR
(Far South Mindanao Region), a resident of Brgy.
covers the provinces of Davao del Sur, South Cotabato, Sarangani, and parts of Sultan Kudarat and Davao del Sur.
Roberto Ancan, Noel Legazpi, deputy secretary-general of the CPP-NPA for Far South Mindanao Region (FSMR
), and his wife Wendy Bandalian, who served in the NPA unit's medical staff, turned themselves in to elements of the 27th Infantry Battalion following negotiations initiated by South Cotabato Gov.
"In our initial debriefing, it was found that the Communist terrorists were members of Platoon Telego of the Guerilla Front 73, FSMR
(Far South Mindanao Regional Committee)," reported Maj.
Arnold Argamosa, commander of the Army's 39th Infantry Battalion, identified on Thursday, the arrested rebel as Joan Casamorin, alias Alvin, whom he described as the vice-commanding officer of the Guerrilla Front 72 of the New People Army's Far South Mindanao Regional Committee (FSMR