The Capital Markets (Licensing Requirements)(General) Regulations, 2025

11. Over-the-counter platforms

Edition: 2025-12-11 · In force

(1)A person who wishes to establish, maintain or operate an over-the-counter platform shall apply to the Authority for licence.

(2)An application for a license under subregulation (1) shall be in Form 1 set out in the First Schedule.

(3)An application under subregulation (1) shall be accompanied by—

(a)details of the management structure, shareholders and directors;

(b)certified copy of the certificate of incorporation;

(c)certified copy of the Memorandum and Articles of Association;

(d)latest copy of audited financial statements;

(e)detailed information on the trading platform proposed to be adopted by the applicant which shall be a digital platform;

(f)information relating to market facilities including the quotation board and information board;

(g)a code of conduct and trading rules of the platform specifying the—

(i)requirements of membership to the platform;

(ii)instruments to be traded on the platform;

(iii)procedure for including instruments for trading on the platform;

(iv)suspension of trading of admitted instruments;

(v)procedure for cancellation of orders;

(vi)procedure for clearing and settlement; and

(vii)supervision of the platform;

(h)the prescribed fees set out in the Sixth Schedule; and

(i)such other information as the Authority may require.