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DEALER ACTIVITY
Description
BMG has 10 years of experience in providing services for the creation, registration of dealer activity, dealership license, securities trading activities in Ukraine. BMG has successfully implemented more than 1,000 projects, opened more than 100 financial institutions and received more than 300 licenses for financial activities, including dealership license.
BMG registration of dealer activity services:
- Registration of dealer activity period: 1-2 months
- Dealership license term: 1-3 months
- Type of registration of dealer activity service: turnkey dealer registration
- Warranty: we guarantee registration of dealer activity
- Method of payment: according to the contract
- Cost of registration of dealer activity services: on request
- Experience of registration of dealer activity: since 2008
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Dealer activity
Dealer activity - conclusion by a securities trader of civil law agreements on securities and other financial instruments on his own behalf and at his own expense for the purpose of resale, except as provided by law.
Dealer agreement - an agreement of purchase and sale (mines, loans) of securities or other financial instruments, concluded by the trader on his own behalf and at his own expense.
Registration of dealer activity
In order to create, registration of dealer activity, securities trader must go through the main stages:
- Registration of a legal entity
- Bringing to the standards of the investment firm
- Obtaining approval for membership in the SRO – a self-regulatory organization in the securities market
- Obtaining a license dealership license – to trade in financial instruments / securities trading
- SRO membership of dealership company
- Entry in the register of financial companies
- Registration in the financial monitoring service
Dealership license
Dealer activities in the stock market are carried out exclusively on the basis of a dealership license issued by the National Securities and Stock Market Commission.
Obtaining a dealership license is a complex procedure and requires a number of licensing conditions.
Conditions for obtaining a dealership license:
- SRO membership of dealership company
- Share capital of dealership company
- Office of dealership company
- Certification of employees
- Head of dealership company
- Chief Accountant of dealership company
- Financial condition of the participant
- Business reputation
Self-regulatory organization (SRO)
One of the conditions for obtaining a dealership license is - membership in at least one association of professional participants in the securities market and / or self-regulatory organization that unites professional participants in the securities market for the relevant type of professional activity and inclusion of the dealer in the state register of financial institutions , which provide financial services in the securities market.
Authorized capital of the dealership company
A securities trader may obtain a dealership license provided that the authorized capital is paid:
- The amount of the initial capital of an dealership company engaged in professional activities in the trade of financial instruments, namely – dealership, may not be less than UAH 22 million ( condition for registration of dealer activity)
Also, obtaining a dealership license requires the following requirements:
- The share of the authorized capital of the dealer owned by another securities dealer may not exceed 10 percent
- The share of the dealer together with related parties in the authorized capital of the Central Securities Depository may not exceed 5 percent
- The dealer’s share in the authorized capital of the depository institution may not exceed 5 percent
Dealership company office
The total area of the dealer's premises, its separate subdivision must be at least 20 square meters.
In the case of the organization of dealership as part of specialized structural units, which are an integral part of its internal organizational structure and have a different location, the area of each such unit must be at least 10 square meters.
Certified dealer employees
The condition for obtaining a dealership license (registration of dealer activity) is to have certified specialists at the time of the dealership licensing procedure.
At the dealer at reception of the dealership license, qualification requirements are as follows:
- At least three certified specialists (including senior officials) and one certified specialist (including a senior official) – for a separate structural unit that conducts this type of activity.
Head of dealershhip company
The head of dealership company (its separate and / or specialized structural subdivisions) may not simultaneously work in other professional participants of the stock market while carrying out dealership activities.
The head of a securities dealership company (except for a bank) must have at least three years of experience in the stock market, including at least one year of experience as a leading official in the stock market.
Chief Accountant of Dealersip company
The dealer's chief accountant must meet the following professional requirements:
- Have a complete higher education (specialist, master)
- Have a document on professional development by training according to the standard program of professional training of accountants of professional stock market participants, approved by the National Commission on Securities and Stock Market, and certification in the manner prescribed by the Regulations on training and certification of stock market specialists. In the absence of such a document within three months after hiring as chief accountant to undergo training. To pass this advanced training at least once in three years
- Not to have an outstanding or unresolved criminal record for crimes against property, in the sphere of economic and official activity, as well as not to be deprived of the right to hold certain positions and engage in certain activities
- Have at least two years of experience as an accountant or chief accountant in a financial institution or at least five years in any other institution
Financial condition of the owner
The financial (property) condition of the natural person of the direct owner with a significant share in the securities trader must meet the requirements for the availability of own funds in an amount greater than the amount of funds contributed to the authorized capital of the dealer.
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REGULATORY ACTS REGULATING ACTIVITIES
Regulatory framework
01. Law of Ukraine on Capital Markets and Organized Commodity Markets
02. Licensing conditions for professional activities in the capital market
03. Rules (conditions) for carrying out securities trading activities: brokerage, dealership, underwriting, securities management
SECURITIES TRADER REGISTRATION PROCEDURE
Stages of creating a securities trader
01. Company registration
Preparation of statutory documents, coordination of the position of director, registration of a legal entity
02. Reduction to standards
Formation of authorized capital, staff training, audit, development of rules and regulations
03. Participation in SRO
Preparation of a package of documents for participation in the SRO, receiving recommendations from other participants, participation in the SRO
04. Obtaining a license
Development of rules, audit, preparation of documents for the license, issuance of a license to trade in securities
WHAT CONDITIONS MUST BE FULFILLED
Requirements for the establishment of a securities trader
ORGANIZATIONAL AND LEGAL REQUIREMENTS
THE AMOUNT OF THE AUTHORIZED CAPITAL
- The amount of initial capital of an investment company engaged in professional activities in securities trading (trading in financial instruments), namely sub-brokerage, brokerage, financial instrument portfolio management activities, investment advice, and / or placement activities without a guarantee, provided that such an investment firm shall not have the right to receive and dispose of clients’ funds and financial instruments, must meet the requirements of its size and calculation procedure established by the National Securities and Stock Market Commission, and may not be less than UAH 1.5 million.
- The amount of initial capital of an investment company engaged in professional activities in securities trading (trading in financial instruments), namely sub-brokerage, brokerage and / or financial instrument portfolio management activities, provided that such investment firm has the right to receive and dispose of funds and financial instruments of clients, must meet the requirements of its size and the procedure for its calculation, established by the National Commission on Securities and Stock Market, and may not be less than 4 million hryvnias.
- The initial capital of the investment company, in all other cases, namely the implementation of professional activities in underwriting, dealership, must meet the requirements of its calculation, and the amount of such initial capital may not be less than 22 million hryvnias.
OFFICE REQUIREMENTS
The total area of the securities trader’s premises (except for the bank) and its separate subdivision must be at least 20 sq.m.
PARTICIPATION IN SRO
REQUIREMENTS FOR STAFF
- At least three certified specialists (including senior officials) and two certified professionals (including senior officials) – for a separate unit that conducts any of these activities.
For a securities trader (except for a bank) when obtaining a license to trade in securities to conduct several types of professional activities in securities trading at the same time, the qualification requirements are as follows:
- At least four certified specialists (including senior officials) and three certified professionals (including senior officials) – for a separate unit that conducts these activities.
REQUIREMENTS FOR THE HEAD
REQUIREMENTS FOR THE CHIEF ACCOUNTANT
- Have a complete higher education (specialist, master)
- Have a document on professional development by training in a standard program of professional training of accountants of professional stock market participants, approved by the National Commission on Securities and Stock Market, and certification in the manner prescribed by the Regulations on training and certification of stock market specialists. In the absence of such a document within three months after hiring as chief accountant to undergo training. To pass this advanced training at least once in three years
- Not to have an outstanding or unresolved criminal record for crimes against property, in the field of economic and official activities, as well as not to be deprived of the right to hold certain positions and engage in certain activities
- Have at least two years of experience as an accountant or chief accountant in a financial institution or at least five years in any other institution
WHAT YOU NEED TO GET STARTED
- Data on founders and final beneficiaries.
- Data on the Premises (physical address where the company will be located).
- Data on the Head, Chief Accountant, Responsible for financial monitoring (may be the person of the Director / Chief Accountant): copy of passport and identification, diploma, employment record book.
- Data on staff.
- The planned name of the Company.
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02. Work scheme
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03. Terms
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04. Guarantee
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WHY CHOOSE US?
About Us
We know that the result is important for you, not the process. More than 10 years of work in the market, more than 1000 successfully implemented projects, we know how to get the desired result on time
Experience
More than 10 years of experience, more than 1000 successful projects throughout Ukraine
Professionalism
We have practitioners with over 5 years of experience.
Warranty
We guarantee the implementation of a particular project in the contract
Years of experience
Public companies
Received licenses
Successful projects
WE ARE PROUD OF OUR PROJECTS
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