MFM Securities

Vanuatu is implementing new regulations requiring brokers to establish a physical presence in the country, including a local office and staff. This change will be effective from October 16, 2022. Currently, only four brokers comply with these new regulations. The move aims to enhance the legitimacy of the brokerage sector in Vanuatu, which has faced issues with fraud in the past. The local regulator, the Vanuatu Financial Services Commission, is looking to attract serious applicants and improve the overall reputation of the jurisdiction as a financial center.

Vanuatu is implementing new regulations requiring brokers to establish a physical presence in the country, including a local office and staff. This change will be effective from October 16, 2022. Currently, only four brokers comply with these new regulations. The move aims to enhance the legitimacy of the brokerage sector in Vanuatu, which has faced issues with fraud in the past. The local regulator, the Vanuatu Financial Services Commission, is looking to attract serious applicants and improve the overall reputation of the jurisdiction as a financial center.