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SECURITIES MANAGEMENT
Description
BMG has 10 years of experience in providing services for the creation, registration of a securities management company, securities management license services for the management of the portfolio of financial instruments, 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 license to manage a portfolio of financial instruments (securities management license).
Services of BMG in registration of a securities management company (company managing a portfolio of financial instruments):
- Term of registration of a securities management company (company with financial instruments portfolio management): 1-2 months
- Term for licensing financial instrument portfolio management (securities management license): 3-5 months
- Service type: registration of a company managing a portfolio of financial instruments “turn key”
- Guarantee: we guarantee the registration of a company managing a portfolio of financial instruments (registration of a securities management company)
- Payment method: according to the agreement
- Variety of services: on demand
- Date of registration of a securities management company: 2008
Already working with us:
Managing a portfolio of financial instruments (securities management)
The responsibility for securities management (managing a portfolio of financial instruments) is the purpose of the responsibility of an investment firm for managing a portfolio of financial instruments, as it consists of one or more financial instruments, in the interests of clients.
The investment firm has the right to conclude agreements on the securities management (managing a portfolio of financial instruments) with physical and legal persons. An agreement on the securities management (managing a portfolio of financial instruments) cannot be agreed between an investment firm and an asset management company.
The minimum amount of the agreement on the securities management (managing a portfolio of financial instruments) with one client is set by the National Commission for valuable papers and the stock market.
Registration of a securities management company
In order to create, registration of a securities management company (register a company to manage a portfolio of financial instruments), trade in valuable papers, it is necessary to 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 to trade in financial instruments / securities trading
- SRO membership
- Entry in the register of financial companies
- Registration in the financial monitoring service
Securities management license (license to manage a portfolio of financial instruments)
Securities management (managing a portfolio of financial instruments) on the stock market is applied exclusively on the granting of securities management license (license to manage a portfolio of financial instruments), which is seen by the National Commission for Valuable Papers and the stock market.
The procedure for withdrawing securities management license (license to manage a portfolio of financial instruments) is foldable and helps to overcome a number of licensed minds.
Remove securities management license (license to manage a portfolio of financial instruments):
- Membership in SRO for securities management company
- Statutory capital
- Capital of securities management company
- Certification of practitioners
- Head of securities management company
- Head Accountant of securities management company
- Financial status of the participant
- Good reputation
Self-regulatory organization SRO
One of the conditions for obtaining a securities management license (license to manage a portfolio of financial instruments) is membership in at least one association of professional securities market participants and / or a self-regulatory organization uniting professional securities market participants in the relevant type of professional activity and involvement of a financial portfolio management company. instruments to the state register of financial institutions that provide financial services in the securities market.
Authorized capital of a financial instruments portfolio management company
A securities trader may obtain a license to manage a portfolio of financial instruments provided that the authorized capital is paid:
- The size of the initial capital of an investment company engaged in professional trading in financial instruments, namely – portfolio management of financial instruments (securities management company), provided that such an investment firm has no 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 Securities and Stock Market Commission and may not be less than UAH 1.5 million.
- The size of the initial capital of an investment company engaged in professional activities in trading financial instruments, namely – managing a portfolio of financial instruments (securities management company), provided that such an investment firm has the right to receive and dispose of funds and financial instruments of clients, must meet its size and order its calculation established by the National Commission on Securities and Stock Market, and may not be less than UAH 4 million.
Also, obtaining a securities management license (license to manage a portfolio of financial instruments) requires the following requirements:
- The share of the authorized capital of a financial instruments portfolio management company (securities management company) owned by another securities trader may not exceed 10 percent
- The share of the financial instruments portfolio management company (securities management company) together with related parties in the authorized capital of the Central Securities Depository may not exceed 5 percent
- The share of the financial instruments portfolio management company (securities management company) in the authorized capital of the depository institution may not exceed 5 percent
Office of the financial instruments portfolio management company (securities management company)
The total area of the premises of the company for the management of the portfolio of financial instruments (securities management company), its separate unit must be at least 20 square meters.
In the case of organizing a portfolio of financial instruments management company (securities management company) within 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 employees of the financial instruments portfolio management company (securities management company)
The condition for obtaining a securities management license (license to manage a portfolio of financial instruments) must be certified professionals at the time of the licensing procedure for the management of the portfolio of financial instruments.
In a financial instrument portfolio management company (securities management company), the qualification requirements for obtaining a securities management license (license to manage a portfolio of financial instruments) are as follows:
- 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.
Head of a financial instruments portfolio management company
The head of the financial instrument portfolio management company - securities management company (its separate and / or specialized structural subdivisions) may not simultaneously work in other professional participants of the stock market while carrying out financial instrument portfolio management activities.
The head of a financial instruments portfolio management company - securities management company (other than 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 the Financial Instruments Portfolio Management Company (securities management company)
The chief accountant of a financial instruments portfolio management company (securities management company) 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
A financial instrument portfolio management company (securities management company) and its substantially involved owners must meet such requirements.
The financial (property) condition of the natural person of the direct owner with a significant participation 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 applicant.
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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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BY ORDERING A SERVICE FROM US YOU GET
01. Consulting
We help, advise and know how to solve the tasks
02. Work scheme
We coordinate and give working tools for the implementation of plans
03. Terms
The result is important, not the process. Deadlines are discussed at the beginning.
04. Guarantee
We undertake the performance of work in which we are confident, we are responsible for the result
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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
Our clients