– The annual license fee for Securities Dealers will increase from USD 3,000 to USD 6,000.

– Introduction of annual and application fees for domain(s) and trade name(s), along with a new license replacement fee.

– New fees introduced for changes in key persons, company name, and other structural modifications.

– Authorized paid-up capital increased from USD 50,000 to USD 100,000.

– Minimum issued and paid-up capital must now be maintained at all times in a bank account held with:
A bank licensed under the Financial Institutions Act, 2004, or
A jurisdiction recognized and approved by the Securities Authority.

– Securities advertisements placed by a Securities Dealer must now include a risk warning.

– Licensees must employ a resident person (who may also act as a compliance officer) responsible for handling complaints and
maintaining complaint records.

– Licensees must notify the Securities Authority (FSA) of the countries/jurisdictions where they operate or intend to offer services.
Where applicable, licensees must provide assurance that the relevant jurisdictions have permitted or raised no objection to
their activities.

– Licensees may outsource support functions (non-core functions supporting business operations) to external service providers.
Core functions, however, may only be outsourced to affiliated entities, as failure in these areas could materially impact business
operations.

The respective Act and Regulations provide for an 18-month transition period from the date of commencement for licensees to comply with the new provisions.