ASIC is Australia’s federal agency responsible for enforcing laws to protect consumers, investors and creditors. It has a sound financial supervision system and strict rules, being unanimously recognized by investors and regulatory counterparts in numerous countries as one of the most capable financial regulatory systems in the world.
FSCA is a financial institutions market conduct regulator and a successor agency to the Financial Services Board (South Africa). The institution is responsible to oversee the financial industry and ensure that clients are informed, protected and treated fairly.
FRAAR LTD is a Limited Liability Company (LLC) operating within the FRAAR LTD’ company group and incorporated under the laws of St.Vincent and the Grenadines, which regulates and supervises the international financial services sectors.
A custodian or custodian bank is a financial institution that holds customers’ securities for safekeeping to prevent them from being stolen or lost. The custodian may hold stocks or other assets in electronic or physical form. Since they are responsible for the safety of assets and securities worth hundreds of millions or even billions of dollars, custodians tend to be large and reputable firms.
The National Australia Bank (NAB), recognised as one of the four largest financial institutions in Australia in terms of market capitalisation, revenue and number of clientele, is a custodian bank for FRAAR LTD’ clients. All clients’ funds are held in segregated accounts under the applicable laws and regulations. This is to safeguard clients’ assets and ensure that the broker does not use these funds to conduct their business operations. FRAAR LTD complies with AML/CTF regulations and employs strict procedures and compliance policies regarding the operation of all client accounts.
Indemnity insurance protects against claims arising from possible negligence or failure to perform that result in a client’s financial loss or legal entanglement. A client who suffers a loss can file a civil claim. In response, the professional’s indemnity insurance will pay litigation costs as well as any damages awarded by the court.
In accordance with our regulation, FRAAR LTD have professional indemnity insurance in place which covers the work done by our representatives, employees and authorised representatives.