Regulatory policy

Desmond Capital Corp now has the , the National Futures Association (NFA), and the Hong Kong Securities Regulatory Commission (SFC), which are responsible for the supervision of funds and markets. Australian companies, (ASIC)financial markets and financial services supervision

ASIC's regulations for regulated financial institutions

As a fully ASIC-regulated financial institution, Desmond Capital Corp must comply with strict rules and guidelines set by ASIC. In addition to regular submissions of financial statements to ASIC and detailed annual audits, client funds must first be deposited with an ASIC-approved bank. Grade bank. Under ASIC's client funds regulations, all funds received from clients are considered client funds and must be held in a separate bank account from the company's working capital. Client funds should not be considered assets of the Company, and Desmond Capital Corp may not use client funds to pay the Company's expenses, conduct risk management, or use the funds in the event of the Company's insolvency. The above provisions mean that all our clients' investments are better protected. The supervision of client funds is an important provision of the Australian financial regulatory system, and Desmond Capital Corp is committed to complying with the above provisions.

If an ASIC-regulated company fails to meet its financial responsibilities, the liquidator will not be able to use client funds to repay the insolvent company's general creditors and client funds can only be used to compensate customers who have deposited funds with the company. company. This customer protection is different from companies regulated by the National Futures Association. The funds of these companies are not allowed to be held in separate bank accounts. If a company fails, customers may only be considered ordinary creditors.

Hong Kong Securities Regulatory Commission (SFC) three types of license supervision

Desmond Capital Corp holds a third-class license in Hong Kong supervised by the Hong Kong Securities Regulatory Commission and can conduct leveraged foreign exchange transactions. The Hong Kong Securities Regulatory Commission was established in 1989 and supervised in accordance with relevant national laws, regulations, and rules. It is an independent statutory agency responsible for Supervise the operation of the leveraged foreign exchange market. As the financial regulatory agency of the international financial center, the Hong Kong Securities Regulatory Commission requires our company to submit 12 kinds of forms such as audit forms, customer fund statements, and transaction position statements every month. At the same time, in order to identify, monitor and control business risks in a timely manner, the Hong Kong Securities Regulatory Commission requires Licensed companies have established appropriate internal management systems. Our company will strictly abide by the above regulations.

Regulated by the National Futures Association (NFA)

Desmond Capital Corp is regulated by the National Futures Association (NFA), a non-commercial independent institution for futures and foreign exchange transactions in the United States. The National Futures Association (NFA) is a futures industry self-regulatory organization established in 1976 in accordance with Section 17 of the Commodity Exchange Act of the United States. It is a non-profit membership organization. Section 17 of the Commodity Exchange Act, derived from Title III of the Commodity Futures Trading Commission (CFTC) Act of 1974, provides for the registration of futures associations and the CFTC's regulation of futures professional self-regulatory associations. On September 22, 1981, CFTC accepted NFA to officially become a "registered futures association". On October 1, 1982, NFA officially began to operate.

Compliance Disclosure and Regulatory Qualification

DESMOND & CO. PTY LTD is a company with registered office at IVANHOE EAST VIC 3079. company registration number is ACN 662 446 273. DESMOND & CO. PTY LTD is a Australian Financial Services (AFS) license. Make sure the person or company you are dealing with is licensed.
DE Tiger Capital Ltd It is a Hong Kong trust company registered under the Trustee Ordinance, Chapter 29 of the Laws of Hong Kong, with its registered address at Room 1802, 18th Floor, Star Building, 3 Salisbury Road, Tsim Sha Tsui, Kowloon, Hong Kong DE Tiger Capital Ltd, a licensed corporation of the Hong Kong Securities and Futures Commission (SFC), is a company with licensed asset management qualifications, authorized and regulated by the Hong Kong Companies Registry, and the Securities Regulatory Commission CE number BAK510.
DE SHAW & CO LLC It is a licensed company registered in the NFA of the United States, the National Futures Association (NFA), licensed registration number NFA ID: 0306905, the registered company is regulated by the NFA of the United States, and its regulation and authorized encryption for the foreign exchange market Market capital regulation.

Segregation of Client Funds

When funding your trading account your funds are held in client segregated accounts with top tier banking institutions. Desmond Capital Corp Global complies with the Securities Act and the Securities (Conduct of Business) Regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts.