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AETOS: Having FCA License
Having been licensed and regulated by the FCA (the Financial Conduct Authority, with registration number 592778) in the UK for 2 years, AETOS has its FCA license with variation of permission (VOP) to hold clients’ money based on its sound record in fully abiding the regulations.
AETOS has its FCA license with variation of permission to hold the clients’ money
The VOP to hold clients’ money, is considered as an important milestone of AETOS Capital Group during the development process. With the VOP, AETOS is able to hold the clients’ margin deposits in its custodian bank which is regulated by the FCA. At the same time, AETOS will adhere to the rules of MIFID in the European Union, to provide financial services in 29 EEA States, including contracts for differences, rolling spot forex contract , spread bet, futures and options.
About the FCA
The Financial Conduct Authority (FCA) as one of the world’s most prestigious financial regulators, is famous for its strict regulatory conditions. FCA regulatory license is also coveted by many brokers. The FCA regulates the banking, insurance and investment industry including securities and futures to ensure efficient, clean and orderly financial market operation. Besides protecting the benefits of the British clients, the FCA also protects the benefits of all the clients in the companies which are under their regulation. Clients who served by AETOS UK directly will be protected by the Financial Services Compensation Scheme (FSCS), the amount of compensation is up to 50,000 pounds. According to the UK law, any FCA member will automatically become a FSCS member when it registered in the FCA. When a company regulated by the FCA is unable or possibly unable to pay the compensation claims, FSCS will help to prevent the economic loss of the clients.