
SVG FSA Steps up Regulations on FX Activity, What Does It Mean to Brokers?
SVG FSA Does Not Oversee FX Activity First of all, let’s get one thing straight, and that is forex activities do not exist in SVG, theoretically. So, there is no so-called FSA-issued FX Brokerage License in reality, and all FSA licenses are corporate registration. The FSA was founded in 2012, which is still young. Back then, the SVG authorities wished to promote economic growth by developing offshore finance, hence the founding of the regulator. According to the FSA Act, its role is to regulate financial entities such as non-banks within the country. But no license that authorizes trading businesses related to foreign exchange, brokerage, or a binary option is issued by FSA whatsoever. But the regulator does not prohibit a registered International Business Company (IBC) to engage in such activities, and the fact is, a big portion of financial entities registered in SVG are engaged indeed. On the other hand, the requirements to obtain an SVG FSA license are minimal. Normally, no business plan is








