This announcement serves to update relevant stakeholders on the status of CF&E Investments (Labuan) Limited’s application for a capital markets license with the Labuan Financial Services Authority (Labuan FSA). It also outlines the regulatory framework under which CF&E Investments Group is currently operating while awaiting the approval of its license.
CF&E Investments (Labuan) Limited has formally applied for a license to operate in the capital markets sector under the jurisdiction of the Labuan Financial Services Authority. This application is currently under review as part of the statutory process, and CF&E Investments (Labuan) Limited is working closely with the regulatory authorities to ensure full compliance with all relevant legal and regulatory requirements.
Operating Under Exemption:
During this statutory transitional period, while CF&E Investments (Labuan) Limited’s capital markets license application is pending, the Labuan FSA has granted CF&E Investments (Labuan) Limited an exemption from holding a formal license. This exemption permits CF&E Investments (Labuan) Limited to continue providing specific regulated services that fall under the purview of the capital markets regulatory framework.
CF&E Investments (Labuan) Limited's operations under this exemption are being closely monitored to ensure adherence to all regulatory guidelines and standards as set forth by the Labuan FSA. This provisional arrangement allows CF&E Investments (Labuan) Limited to maintain continuity in its services without disruption to clients and stakeholders during the application review process.
Next Steps and Ongoing Compliance:
CF&E Investments (Labuan) Limited remains committed to meeting all regulatory requirements and will continue to provide updates on the progress of the license application. We expect to maintain clear communication with the Labuan FSA and will inform all stakeholders of any significant developments.
Should there be any questions or clarifications needed regarding this transitional arrangement or the regulatory process, please do not hesitate to contact Chief Risk & Compliance Officer.
Conclusion:
CF&E Investments (Labuan) Limited's temporary exemption status ensures that the company can continue its capital markets activities while the licensing process is underway. We will continue to monitor developments and remain in full compliance with the Labuan FSA's regulatory requirements.
Saichild Financial Holdings Limited
The Administrator
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