Eternity Law International — Financial intermediaries — UK BIPRU €50,000 Limited Licence Firm

UK BIPRU €50,000 Limited Licence Firm

Published:
November 28, 2020

Authorised and regulated by the FCA and the National Futures Association in the United States.

Price:

Asking price: £390,000

Registration of changes & submission of the new owner for FCA approval: £10,000

Q & A:

  1. Are there are any assets, software?
  • No, the Seller is not selling our proprietary investment strategy and software, and doest not selling assets under management. The Seller intend to novate existing business to a new firm and sell the “empty shell” with all its regulations and permissions (please note The Seller is currently in the process to remove the permission to manage retail money)
  1. Was a company operational or zero history?
  • Is in operation since January 2012
  1. Any active bank accounts?
  • Yes, the Company bank with HSBC (GBP, EUR, USD) and TransferWise (USD)
  1. Any existing agreements with brokers / liquidity providers / other service providers?
  • The Seller is currently using RJO’Brien and Interactive Brokers for execution and Morgan Stanley, ADM, and RJO for clearing. In the past the Company also used Goldman Sachs International.
  1. Any personnel & office to stay?
  • The current management team of three is available to stay onboard to continue operating the business. However, the Company would not do the sales or origination but does the risk management, compliance, administration and finance of the firm. All operations are in the cloud and the Company use Office 365 and do not operate a physical office which saves costs. We can onboard new business from the Buyer the day we sign the purchase agreement, day-1 operational.

Requirements:

  1. May control but not hold client money
  2. BIPRU firm MiFID activity restriction
  3. Small Authorised UK AIFM (Sub-Threshold)
  4. When dealing with retail clients, the firm may not carry out the investment activity of Contracts for Difference (including rolling spot forex).

Competences of the Company:

1. Managing an unauthorised AIF

Dealing in investments as agent

Customer Type: Eligible Counterparty, Professional, Retail

2.Managing investments

Customer Type: Professional, Retail

3.Advising on investments (except on Pension Transfers and Pension Opt Outs)

Customer Type: Eligible Counterparty, Professional

4.Arranging (bringing about) deals in investments

Customer Type: Eligible Counterparty, Professional, Retail

5.Making arrangements with a view to transactions in investments

Customer Type: Eligible Counterparty, Professional, Retail

Investments Type:

  1. Certificates representing certain security
  2. Commodity Future
  3. Commodity option and option on commodity future
  4. Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet)
  5. Debenture
  6. Future (excluding a commodity future and a rolling spot forex contract)
  7. Government and public security
  8. Option (excluding a commodity option and an option on a commodity future)
  9. Rights to or interests in investments (Contractually Based Investments)
  10. Rights to or interests in investments (Security)
  11. Rolling spot forex contract
  12. Share
  13. Spread Bet
  14. Unit
  15. Warrant

Limitation: Rights to or interests in (both).

Passports

A ‘passport’ enables an authorised firm to provide financial products or services in another country in the European Economic Area (EEA).

Countries

AUSTRIA | BELGIUM | CYPRUS | DENMARK | FINLAND | FRANCE | GERMANY | IRELAND | ITALY | LIECHTENSTEIN | LUXEMBOURG | MALTA | NETHERLANDS | NORWAY | SPAIN | SWEDEN |

Passport Type Service

1.A(1) Reception and transmission of orders in relation to one or more financial instruments

2.A(2) Execution of orders on behalf of clients

3.A(4) Portfolio management

4.B(5) Investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments

5.B(7) Investment services / activities / ancillary services of the type included in Sec. A/ B of Annex 1 related to the underlying of derivatives included under Sec. C – 5, 6, 7 and 10 – where connected to provision of investment or ancillary services

Investments Type

  • C(1) Transferable securities
  • C(10) Other contracts
  • C(2) Money-market instruments
  • C(3) Units in collective investment undertakings
  • C(4) Derivatives in Securities, etc
  • C(5) Commodities Derivatives – Cash Settled
  • C(6) Commodities Derivatives – Physically Settled
  • C(7) Non-Commercial commodity Derivatives
  • C(8) Derivative instruments for the transfer of credit risk
  • C(9) Financial contracts for differences

Details: dmitriy.m@eternitylaw.com

You could be interested

Exclusive opportunity: For Sale AFSL license in Australia

This is a new investment opportunity – AFSL license in Australia for sale. Please check out the main details regarding this proposal below. AFSL license in Australia for sale: key considerations Active company licensed by Australian Securities & Investments Commission (ASIC) in 2023; Allowed activities (financial product advice, deal in a financial product, custodial or...

Estonian cryptolicensed company for sale 

Buy Estonian cryptolicensed company For your attention Estonian cryptolicensed company for sale. This company was registrated in 2019. It is a private limited company. Share capital is indicated in amount of 2 500 eur for Estonian company with licenses for sale.. Account in Monvenience with Lithuanian IBAN. There are two cryptocurrency licenses which will be...

Cyprus STP Broker for Sale

Take advantage of this exclusive opportunity to acquire a thriving STP broker in Cyprus for sale. As a member of the Cyprus Stock Exchange and a distance member at the Athens Stock Exchange, this company executes orders on behalf of clients in various markets, facilitating the purchase and sale of shares and bonds. Key Details...

MSB in Canada with bank accounts for sale

Below you can see the basic information regarding the MSB in Canada with bank accounts for sale MSB in Canada – whats included: MSB licensed company; Jurisdiction of incorporation: Provincial or territorial (Canada): British Columbia. GIN Number; LEI Number; 0 Balance; Fast transfer; Soft can be provided additionally. Activities: Foreign exchange dealing; Money transferring; Dealing...

100 % clean EMI with SWIFT in the UK for sale

EMI with SWIFT overview: system is whitelabel from big EU IT company; safeguarding with EU Bank; share capital – € 350 000; SWIFT access; USD/EUR/GBP access; 12 month Compliance Support Agreement; no client base; no big history; 100% clean license. Includes everything listed above* Asking price for EMI with SWIFT: on a request. Details: nick.b@eternitylaw.com,...

Digital Asset Exchange In The UK For Sale

Available: Digital Asset Exchange in the UK for sale. Main details of the proposal are provided below. UK DAE for sale: details of the transaction The exchange for sale has the following solutions: setup and configuring of the digital asset exchange platform fiat wallet (Euro and British Pound) fiat funding; deposit and withdrawals via UK...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360