Doo Financial Secures New Offshore Licenses
Doo Financial has reached a significant milestone by obtaining new offshore licenses in the British Virgin Islands (BVI) and the Cayman Islands. These licenses expand the firm’s regulatory footprint. Recently, Doo Financial expanded in Southeast Asia by entering the Indonesian market.
New Licenses
BVI Financial Services Commission (BVI FSC):
Doo Financial Fund Management (BVI) Limited (DF BVI) secured the Certificate of Approval for Investment Managers (IBR/AIM/24/2085).
Cayman Islands Monetary Authority (CIMA):
Doo Selected SPC Fund obtained a public fund license with the registration number 2147585.
Regulatory Authorizations
DF BVI:
Now authorized to act as an investment adviser or manager for:
- Private funds.
- Professional funds.
- Closed-end funds.
- Operates under Regulation 9 of the Investment Business (Approved Investment Managers) Regulations 2012.
Doo Selected SPC Fund:
- Provides flexible public fund management services.
- Operates under the supervision of CIMA, ensuring risk management and access to global investment opportunities.
4. Global Reach of Doo Financial
Regulatory licenses in multiple jurisdictions:
- US SEC and US FINRA.
- AU ASIC and HK SFC.
- MY Labuan FSA, SG MAS, and BAPPEBTI.
- Expanded reach with the acquisition of Prima Tangguharta Futures, enhancing operations in Indonesia.
Effects on Users
These new licenses will likely have these effects on users:
Enhanced Investment Opportunities
With the new licenses, traders and investors get varied funds, including private, professional, and closed-end funds. This expands the diversity of investment options tailored to their needs.
Improved Regulatory Assurance
The BVI FSC and CIMA licenses provide an added layer of credibility. It ensures that Doo Financial adheres to stringent international standards. This reduces risk and increases trust in the company’s services.
Access to Public Fund Management
The license from CIMA allows Doo Selected SPC Fund to offer public fund management services. Investors can benefit from flexible fund options that cater to their specific goals, under the supervision of a trusted regulator.
Strengthened Global Presence
These offshore licenses enhance Doo Financial’s footprint in the international market. Traders and investors can now participate in globally regulated financial activities with a reliable partner.
Focused Risk Management
Doo Financial’s commitment to controlling risks under regulatory supervision provides a safer environment for managing portfolios and exploring new opportunities.
Simplified Cross-Border Investments
The addition of BVI and Cayman Islands licenses facilitates easier cross-border transactions and investment management. It makes it convenient for global investors to diversify their portfolios.
About Doo Financial
Doo Financial, a subsidiary of Doo Group, operates as an online brokerage firm. It offers trading services for global securities, futures, contracts for difference (CFDs), and other financial products. The company aims to provide professional investors with safe, reliable, and convenient trading and asset management services.
Summing Up
Doo Financial continues to grow as a globally recognized financial institution with its newly obtained offshore licenses. These achievements pave the way for stronger international collaborations and innovative investment opportunities.
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