The Vanuatu Financial Services Commission (VFSC) has appointed Martin St-Hilaire, Managing Director of FX/CFDs broker Titan FX, as a member. According to Vanuatu’s Official Gazette of 2023, his appointment came as he is “a person of with previous knowledge and experience of financial businesses.”
“I was recently appointed as a member of the Vanuatu Financial Services Commission,” St-Hilaire wrote in a Linkedin post. “In this new role, I hope to help make #vanuatu🇻🇺 an even more competitive player in the global financial services industry, which I believe is the golden path towards greater diversification, growth, prosperity, and autonomy for our nation.”
“Expect more news from me on the regulatory front as we’ll keep making progress!”
Indeed, St-Hilaire brings more than two decades of experience to his role as the regulator. He will continue to be the Managing Director of Titan FX, a position he took over in October 2018. He is also an audit specialist and has worked with two big four audit firms, Delloite and KPMG.
He is also a founding member of the Financial Markets Association of Vanuatu, a self-regulatory body on the island for financial services companies.
The island’s regulator also appointed three other members, Edward Nalial, Velenie Jacob, and Johnny Wilson. They come with a background in legal, finance, and business.
Check out the FMLS22 session on “Regulation Roundup.”
A Crucial Appointment of Titan FX MD
The appointment of the four new members of the VFSC came when the island authorities were tightening its regulatory regime for financial services companies, especially for retail FX/CFDs brokers.
Brokers usually obtain a Vanuatu license to offer clients trading facilities with high leverage
Leverage
In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders
In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders
Read this Term, which are not permitted under the UK, Europe, and Australian regulators. Vanuatu license is considered offshore with little oversight from the regulator. But that is changing.
Last October, Vanuatu mandated a physical presence of all offshore brokers operating with a license from the island. These companies must establish a local office and appoint a local manager and director.
Titan FX was one of the four brokers operating with a Vanuatu license that already met the new regulations before their implantation.
The Vanuatu Financial Services Commission (VFSC) has appointed Martin St-Hilaire, Managing Director of FX/CFDs broker Titan FX, as a member. According to Vanuatu’s Official Gazette of 2023, his appointment came as he is “a person of with previous knowledge and experience of financial businesses.”
“I was recently appointed as a member of the Vanuatu Financial Services Commission,” St-Hilaire wrote in a Linkedin post. “In this new role, I hope to help make #vanuatu🇻🇺 an even more competitive player in the global financial services industry, which I believe is the golden path towards greater diversification, growth, prosperity, and autonomy for our nation.”
“Expect more news from me on the regulatory front as we’ll keep making progress!”
Indeed, St-Hilaire brings more than two decades of experience to his role as the regulator. He will continue to be the Managing Director of Titan FX, a position he took over in October 2018. He is also an audit specialist and has worked with two big four audit firms, Delloite and KPMG.
He is also a founding member of the Financial Markets Association of Vanuatu, a self-regulatory body on the island for financial services companies.
The island’s regulator also appointed three other members, Edward Nalial, Velenie Jacob, and Johnny Wilson. They come with a background in legal, finance, and business.
Check out the FMLS22 session on “Regulation Roundup.”
A Crucial Appointment of Titan FX MD
The appointment of the four new members of the VFSC came when the island authorities were tightening its regulatory regime for financial services companies, especially for retail FX/CFDs brokers.
Brokers usually obtain a Vanuatu license to offer clients trading facilities with high leverage
Leverage
In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders
In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders
Read this Term, which are not permitted under the UK, Europe, and Australian regulators. Vanuatu license is considered offshore with little oversight from the regulator. But that is changing.
Last October, Vanuatu mandated a physical presence of all offshore brokers operating with a license from the island. These companies must establish a local office and appoint a local manager and director.
Titan FX was one of the four brokers operating with a Vanuatu license that already met the new regulations before their implantation.
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