SCA Grade B

Main requirement

1. Business Plan: A detailed business plan that includes information on the operational, financial, and marketing strategies of the forex brokerage. This should cover the target market, products and services offered, projected financial statements, and risk management strategies.
2. Company Incorporation Documents: Copies of the company's incorporation documents, including the certificate of incorporation, memorandum and articles of association, and commercial license, proving the legal existence of the company in the UAE.
3. Board of Directors and Management Profiles: Detailed profiles of the company's board of directors and key management personnel, including their qualifications, experience, and suitability for their roles within the company.
4. Financial Statements: Audited financial statements for existing companies or financial projections for startups, demonstrating the financial viability of the business.
5. AML and CFT Policies: Comprehensive Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) policies and procedures that comply with the UAE's regulatory requirements.
6. Risk Management Policies: Documentation of the company's risk management framework, outlining how it will identify, monitor, and manage various types of risks associated with its operations.
7. Operational Policies and Procedures: Detailed descriptions of the operational policies and procedures, including client onboarding, transaction processing, compliance checks, and customer service.
8. IT Infrastructure and Security Measures: Information on the IT infrastructure, trading platforms, and security measures to protect client data and funds.
9. Client Agreement and Terms of Service