Last week marked the launch of the new Financial Markets Association of Vanuatu (FMA Vanuatu) in Port Vila.
An executive committee of six agents of Vanuatu’s Financial Broker Licensing Program (FDL), including AJC, launched FMA Vanuatu as a self-regulatory body for license holders who provide retail traders with platforms to buy and sell financial instruments and securities online. The committee established the association as a non-profit organization.
FMA Vanuatu’s aims are “to develop, implement and uphold the highest professional standards in order to protect our industry from financial crime, earn the trust of our partners and clients and contribute to the long-term prosperity of Vanuatu,” according to the association’s mission statement.
As well as AJC, the five additional FDL agents on the association’s committee are: Barrett & Partners, Company Services Limited, Icount, Law Partners and Moores Rowland. FMA Vanuatu is headquartered in Port Villa.
In addition to helping its members comply with the highest online trading standards, the association’s will set up a disciplinary committee of peers and government regulators to arbitrate complaints and implement sanctions in accordance with the FDL program, which was established in 2016 and is overseen by the Vanuatu Financial Services Commission (VFSC).
Find more details on the Financial Markets Association of Vanuatu on the new website: fma.vu
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