IC Markets regulation is fully authorized and regulated by the FSA, operating in strict compliance with the regulatory requirements of the FSA. IC Markets has in place internal risk management controls that comply with the FSA regulatory requirements and has a robust compliance program in place to ensure compliance with all applicable laws and regulations, including those related to anti-money laundering, sanctions, export control, and other international trade or economic sanctions.
The financial risks are managed through strict capital adequacy requirements, liquidity coverage ratios and provisioning policies. Operational risks are mitigated by conducting regular stress tests to ensure that the business can withstand adverse economic conditions and maintain adequate levels of capital adequacy, liquidity and profitability even in these conditions.
The external audits supplement IC Markets Global’s operational and accounting process and ensure full regulatory compliance.
IC Markets regulated by the FSA
The FSA is the Financial Services Authority, and it was established in 1997 to regulate the financial markets. ICMarkets are regulated by the FSA.
The FSA regulates the IC Markets to ensure that they are meeting the standards of running a business.
The FSA is in charge of regulating the IC Markets. It ensures that they are meeting the standards of running a business and that they are not scamming their customers. The FSA also has a team dedicated to monitoring all of the markets for potential risks and vulnerabilities.
In order to be regulated, they have to meet certain requirements. These include:
-The operator must be authorised or recognised by the FSA
-The products that can be traded must be approved by the FSA
-The operator must have appropriate arrangements in place for protecting client assets
Segregation of Client Funds
All client funds are held in segregated accounts with top tier banking institutions. This means that if a client is trading on icmarkets, the money they deposit will be held in a segregated account at one of the top tier banks.
This segregation is important for two reasons: it means that funds are safe from any losses incurred by other clients, and it means that funds cannot be used to cover any losses incurred by ic markets themselves.
In accordance with the FSA Anti-Money Laundering and Counter Terrorism Financial Act 2020, IC Markets Global has in place a robust AML and CTF compliance framework.
This framework is designed to facilitate compliance with all applicable regulatory obligations, including with respect to the prevention of money laundering and terrorist financing.
The FSA Anti-Money Laundering and Counter Terrorism Financial Act 2020, IC Markets Global is in compliance with the FSA.
In order to be compliant with the new regulations, IC Markets Global has put in place a number of measures.
– The establishment of a new Anti-Money Laundering Compliance Department.
– The appointment of an Anti-Money Laundering Compliance Officer.
– The adoption of a formal AML Compliance Policy.
– Ensuring that all employees are trained on the AML Compliance Policy.
IC Markets Regulatory License
IC Markets is a regulated company and holds a Securities Dealer Licence No SD018 and is authorised to carry on a financial services business.
The FCA has a list of rules that these firms need to follow in order to be regulated. These rules are called “regulatory requirements” or “standards”. They include things like how firms treat their customers, how they manage their money and how they report their performance to investors.