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05
Managing Investments Licence – CMA Perspective
Licence Categories, Scope, and Compliance Responsibilities
This module provides an in-depth examination of the regulatory requirements for obtaining and maintaining a CMA 'Managing Investments' licence. It covers the breakdown of CMA licence categories, the process overview for licence application submission, fitness and propriety requirements of senior management, and CMA's supervisory practices and engagement expectations.
Learning Outcomes
1
Understand the regulatory requirements for obtaining and maintaining a CMA 'Managing Investments' licence.
2
Recognize scope and limitations of the licence.
3
Identify ongoing reporting and compliance responsibilities.
Key Regulations
| Regulation | Relevance |
|---|---|
| Authorised Persons Regulations (APR) | Defines licence categories and application requirements |
| Capital Market Institutions Regulations (CMIR) | Governance and operational requirements for licence holders |
| Securities Business Regulations | Defines securities business activities requiring licensing |
| CMA Examination Requirements | Prescribed examinations for registered persons |