The companies, products and regulatory developments shaping the broker industry.
The FSRA’s 5 November public alert identifies specific false affiliation claims, distinguishing a suspected fraudulent scheme from a concluded court case.
The firm’s 5 November launch and the regulator’s public register show the difference between a digital-asset advisory permission and unrestricted banking or exchange services.
The ADGM approval belongs to a specified fund-management subsidiary and must not be confused with a licence for all Animoca group crypto or brokerage activities.
The settled case concerns where advice and onboarding took place. Vault Wealth’s authorisation in Abu Dhabi Global Market did not authorise those services from Dubai International Financial Centre.
Alpaca Clearing & Custody ME has an in-principle FSRA approval for its application in Abu Dhabi Global Market. Virtual-asset brokerage and custody are proposed, not yet authorised services; full permission and conditions remain outstanding.
Ordinary MTF and OTF fees would rise sharply, while published totals for venues handling virtual assets, fiat-referenced tokens and spot commodities would stay unchanged.