Investment Advisor Licenses
The Investment Advisor Licenses can be classified into 3 categories:
- The Investment Adviser (Unrestricted) is one of the three classes of Market Intermediaries created by the Securities Act 2005 and regulated by the Securities (Licensing) Rules 2007.
The Said Act Provides For An Investment Adviser (Unrestricted) License Which Authorizes To:
- Advise, guide or recommend other persons, or hold himself out to advise, guide or recommend other persons, whether personally or through printed materials or by other means, to enter into securities transactions.
- Manage or hold himself out to manage, under a mandate, whether discretionary or not, portfolio of securities.
The said Act provides for an Investment Adviser (Unrestricted) License which authorizes to:
- Advise, guide or recommend other persons, or hold himself out to advise, guide or recommend other persons, whether personally or through printed materials or by other means, to enter into securities transactions
- Manage or hold himself out to manage, under a mandate, whether discretionary or not, portfolio of securities.
- The entity holding an Investment Adviser (Corporate Finance Advisory) License is authorized to provide corporate finance advisory services with respect to securities transactions through printed materials or any other means.