Schedule 4 of the Securities Investment Business Law outlines the categories of persons ('Excluding Persons') engaging in securities investment business who are exempted from the requirement to be licenced.
Section 5(4) of SIBL requires persons to whom paragraphs 1, 4 and 5 of Schedule 4 applies to register with the Authority and pay and annual fee. Please refer to our Fee Schedule for the annual fee amount.
In order to register, such excluded persons must:
- complete and submit to SIMA the Annual Declaration Form for Excluded Persons, and
- submit the required fee. (Refer to our Fee Schedule).
The Authority will review the submission and once satisfied, will issue a letter confirming the registration. Thereafter, the annual declaration and fee must be submitted each year.