National Supervisory Authority & Licensing Qualification Dossier • Offshore Financial Centre
FSC
BelizeFinancial Services Commission
Source / Native Reference: 伯利兹金融服务委员会
- Supervisory tier
- Offshore
- License classes
- 2
- Licensed records
- 122
- Active / regulated
- 91
Statutory Supervisory Mandate & Scope
Netherlands Authority for the Financial Markets (AFM) (AFM) is the Tier-1 statutory financial markets and securities supervisory authority in Netherlands. It grants and supervises financial services licences across broker-dealers, investment advisers, asset managers, and market operators, enforcing initial and ongoing prudential capital requirements, segregated client asset rules, market conduct standards, and public register disclosures.
Supervises Securities Investment Business licensees, Virtual Asset Service Providers (VASPs), mutual and private investment funds, captive insurers, and international brokerage entities.
Prudential Tier Assessment
OffshoreRecognised international offshore financial centre supervisor regulating global hedge funds, institutional prime vehicles, digital asset exchanges, and cross-border securities dealers.
National licensing qualifications & statutory authorisation classes (FSC)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by FSC in Belize.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Full Service / Market Maker Securities Dealer | Securities Investment Business / Investment Dealer (Full Service Dealer Including Underwriting) | Acting as principal or market maker in securities, FX, CFDs, and commodities; executing client orders and managing portfolios. | USD $50,000 (Seychelles FSA SD / Vanuatu VFSC Class A–D statutory bond) to MUR 10,000,000 (~USD $220,000 Mauritius Full Service Dealer) or USD $300,000+ (Bahamas SCB / Cayman CIMA / Bermuda BMA). | Maintenance of unimpaired minimum net capital, local physical office and resident directors/MLRO, and Professional Indemnity Insurance. |
| VASP / Digital Asset Business (Class F / DARE) | Virtual Asset Service Provider & Digital Asset Exchange / Custodian Licence | Operating a virtual asset trading platform, digital asset derivatives exchange, custodial wallet service, or token issuance. | USD $100,000 to USD $1,000,000+ risk-based capital depending on custody volume and exchange turnover. | Cybersecurity penetration testing, cold/hot wallet segregation, independent custody audit, and quarterly regulatory filings. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under FSC.
Contractual Custody & Segregated Trust Accounts (No Statutory Retail Compensation Fund)
- Maximum coverage per client
- EUR €0 / USD $0 statutory government compensation scheme (protection relies on segregated client trust accounts, minimum paid-up capital/bonds, and Professional Indemnity Insurance)
- Eligible counterparties & scope
- Global cross-border retail and institutional clients onboarded outside restricted onshore jurisdictions (US, UK, Japan, Canada typically excluded by terms of business).
CIMA Statement of Guidance on Client Assets / Mauritius Securities Rules / Seychelles Securities (Conduct of Business) Regulations
- Reconciliation & audit cadence
- Mandatory separation of client funds from proprietary operating accounts; periodic reconciliation audited annually.
- Approved custodian requirements
- Client moneys must be held in designated client trust accounts at approved domestic or international commercial banks.
Cayman VASP Act, Bermuda DABA Class F/M & Bahamas DARE Act 2024
- Travel Rule, custody & stablecoin rules
- Full FATF Recommendation 15 & 16 AML/CFT and Travel Rule compliance supervised via annual AML audits.
Primary Governing Statutes & Rulebooks
- Cayman Islands Securities Investment Business Act (SIBA) & Virtual Asset (Service Providers) Act (VASP Act)
- Bermuda Digital Asset Business Act 2018 (DABA) & Investment Business Act 2003
- BVI Securities and Investment Business Act (SIBA) & Bahamas DARE Act 2024
- Mauritius Financial Services Act 2007, Seychelles Securities Act 2007 & Vanuatu Financial Dealers Licensing Act [Cap 70]
Regulatory Reporting & Audit Obligations
Annual audited financial statements prepared under IFRS/US GAAP and submitted within 3 to 6 months of financial year-endMandatory appointment of an approved Anti-Money Laundering Compliance Officer (AMLCO) and Money Laundering Reporting Officer (MLRO)Annual AML/CFT Independent Audit and Economic Substance (ES) annual filing
Cross-Border Equivalence & Passporting
Offshore licences permit international cross-border onboarding where lawful under reverse solicitation, but do not grant automatic onshore passporting into the US, UK, EU, or Japan.
Supervised institutions & FSC licence records in our database
122 licence records referencing FSC (91 regulated/registered, 15 flagged with warnings/revocations).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| UniCredit Bulbank | Number pending check | Regulated | UNICREDIT BULBANK AD | — | |
| Industrial Bank | Number pending check | Regulated | Industrial Bank of Korea | — | |
| Bank Of Kaohsiung | Number pending check | Regulated | Bank Of Kaohsiung | — | |
| Bank of Panhsin | 118 | Regulated | Bank of Panhsin | — | |
| Bank SinoPac | Number pending check | Regulated | Bank SinoPac | — | |
| bank.sinopac | 807 | Regulated | bank.sinopac | — | |
| Cathay United Commercial Bank | Number pending check | Regulated | Cathay United Commercial Bank | — | |
| Chang Hwa Bank | Number pending check | Regulated | Chang Hwa Commercial Bank, Ltd | — | |
| COTA Bank | 147 | Regulated | COTA Bank | — | |
| CTBC Bank | 822 | Regulated | CTBC Bank | — | |
| Eastern Int'l Bank | 805 | Regulated | Eastern Int'l Bank | — | |
| entiebank | 816 | Regulated | entiebank | — | |
| esunbank | Number pending check | Regulated | esunbank | — | |
| First Bank | Number pending check | Regulated | First Bank | 1949-12-08 | |
| Hua Nan Bank | Number pending check | Regulated | Hua Nan Bank | — | |
| HWATAI BANK | Number pending check | Regulated | HWATAI BANK | — | |
| Isle of Man Bank | 1157 | Revoked | Isle of Man Bank | 2019-06-28 | |
| ktbanking | 054 | Regulated | ktbanking | — | |
| Land Bank | 005 | Regulated | Land Bank of Taiwan | — | |
| LINE Bank | 824 | Regulated | LINE Bank | 2021-02-04 | |
| Mega Bank | 017 | Regulated | Mega Bank | — | |
| NEXT BANK | 823 | Regulated | NEXT BANK | — | |
| O-Bank | 048 | Regulated | O-Bank | — | |
| Rakuten Bank | 826 | Regulated | Rakuten Bank | — | |
| SKBank | 103 | Regulated | SKBank | — | |
| sunnybank | 108 | Regulated | sunnybank | — | |
| TAICHUNG BANK | 053 | Regulated | TAICHUNG BANK | — | |
| Taipei Fubon Bank | Number pending check | Regulated | Taipei Fubon Bank | — | |
| Taipei Star Bank | Number pending check | Regulated | Taipei Star Bank | — | |
| Taishin International Bank | 812 | Regulated | Taishin International Bank | — | |
| Taiwan Business Bank | 050 | Regulated | — | — | |
| UNION BANK OF TAIWAN | 803 | Regulated | UNION BANK OF TAIWAN | — | |
| yuantabank | 806 | Regulated | yuantabank | — | |
| Doo Prime(Global network record) | C119023907 | Regulated | DOO PRIME MAURITIUS LIMITED | 2020-05-26 | |
| GLOBAL(Global network record) | C117017139 | Regulated | B2B Prime Services Limited | 2021 | |
| AETOS(Global network record) | GB23202270 | Regulated | AETOS Markets (M) Ltd | 2023-11-29 | |
| Amana Capital(Global network record) | C118023192 | Regulated | ACG International Limited | 2018-12-05 | |
| AUS GLOBAL(Global network record) | GB23201412 | Regulated | AUS Global MU Ltd | 20/04/2023 | |
| Deriv(Global network record) | GB24101229 | Regulated | Deriv (Mauritius) Ltd | 2024-06-14 | |
| EC Markets(Global network record) | GB2100130 | Offshore | EC MARKETS LIMITED | 2022-06-20 | |
| Exness(Global network record) | GB20025294 | Regulated | Exness (MU) Ltd | 07/12/2020 | |
| Mohicans Markets(Global network record) | GB20026131 | Regulated | MOHICANS MARKETS | 2021-01-06 | |
| Viverno(Global network record) | C116016172 | Regulated | BDSwiss Markets (Mauritius) Ltd | 2016-06-12 | |
| XM(Global network record) | 000261/397 | Offshore | XM Global Limited | — | |
| Alpari International(Global network record) | IFSC/60/301/TS/17 | Revoked | Alpari Limited | — | |
| GTC(Global network record) | GB22200292 | Regulated | GTC GLOBAL LTD | 2022-06-03 | |
| GVD Markets(Global network record) | GB24203047 | Offshore | GVD Pro Capital Limited | — | |
| RoboForex(Global network record) | 000138/333 | Regulated | RoboForex | — | |
| Tradeview(Global network record) | GB20025800 | Regulated | iLC Brokers Ltd | 17/12/2020 | |
| Windsor Brokers(Global network record) | 000153/391 | Offshore | Windsor Brokers (BZ) Limited | — | |
| WisunoFX(Global network record) | GB23201735 | Regulated | WISUNO CAPITAL LIMITED | 2023-07-20 | |
| BHC(Global network record) | GB20025563 | Regulated | Brickhill Capital (Mauritius) Limited | 2020-12-17 | |
| BHC(Global network record) | IFSC/60/490/BCA/16 | Regulated | Brickhill Capital | — | |
| CBCX(Global network record) | GB24202880 | Regulated | CBCX Markets Global Limited | 23/05/2024 | |
| CPT Markets(Global network record) | IFSC000314/470 | Regulated | CPT MARKETS LIMITED | — | |
| FBS(Global network record) | 000102/460 | Offshore | FBS Markets Inc. | — | |
| FXTM(Global network record) | C113012295 | Regulated | EXINITY LIMITED | 2013-11-11 | |
| INFINOX(Global network record) | GB20025832 | Regulated | INFINOX | 2020-11-19 | |
| Scope Markets(Global network record) | 000274/394 | Registered | RS Global Ltd | — | |
| VDX(Global network record) | C118023323 | Regulated | VDX DERIVATIVES | 2019-05-09 | |
| CXM Direct(Global network record) | GB21026337 | Regulated | CXM Global | 2021-10-11 | |
| CXM Trading(Global network record) | GB21026337 | Regulated | CXM Global | 2021-10-11 | |
| Exinity(Global network record) | C119470 C1/GB | Regulated | EXINITY LIMITED | 2013-11-11 | |
| FINVEO(Global network record) | GB22200832 | Regulated | FINVEO MA | 19/01/2023 | |
| FXDD(Global network record) | C117017252 | Regulated | FXDD MAURITIUS LTD | 2017-11-15 | |
| GMI(Global network record) | C118023454 | Regulated | Global Market Index Limited | 2018-08-29 | |
| KCM Trade(Global network record) | C117022600 | Regulated | Kohle Capital Markets Limited | 2018-03-01 | |
| KEY TO MARKETS(Global network record) | GB19024503 | Regulated | KEY TO MARKETS INTERNATIONAL LIMITED | 2019-12-17 | |
| Koderan Forex(Global network record) | IFSC/60/466/FX/16 | Revoked | Koderan International Markets Limited | — | |
| Ridder Trader(Global network record) | GB23201566 | Revoked | Ridder Trader Ltd | 2023-04-13 | |
| Swiss Markets(Global network record) | 143350 | Regulated | BDS Markets | 2016-12-06 | |
| Tradeo(Global network record) | IFSC/60/284/TS/17 | Suspected clone | Delwyn Trading Limited | — | |
| Trading(Global network record) | GB21026337 | Regulated | CXM Global | 2021-10-11 | |
| Xtrade(Global network record) | FSC000281/20 | Regulated | XTRADE INTERNATIONAL | — | |
| ZERO MARKETS(Global network record) | Number pending check | Regulated | ZERO FINANCIAL | 2021-05-10 | |
| 24option(Global network record) | 000319/191 | Regulated | RICHFIELD CAPITAL | — | |
| 4XCUBE(Global network record) | MC03/2018 | Regulated | 4XCUBE LIMITED | 2023-09-19 | |
| 7(Global network record) | Number pending check | Regulated | 7 LUCKY TRADING (MAURITIUS) LTD | 2024-04-15 | |
| AROTRADE(Global network record) | IFSC/60/391/TS/19 | Revoked | Speed Solutions Limited | — | |
| Assets(Global network record) | GB23201811 | Regulated | Assets Global Ltd | 2024-05-03 |
FSC (Belize): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under FSC (Belize)?
FSC (Financial Services Commission) supervises financial institutions in Belize under Cayman Islands Securities Investment Business Act (SIBA) & Virtual Asset (Service Providers) Act (VASP Act) and Bermuda Digital Asset Business Act 2018 (DABA) & Investment Business Act 2003. Key statutory authorisation classes include: Full Service / Market Maker Securities Dealer (Securities Investment Business / Investment Dealer (Full Service Dealer Including Underwriting) — min. capital: USD $50,000 (Seychelles FSA SD / Vanuatu VFSC Class A–D statutory bond) to MUR 10,000,000 (~USD $220,000 Mauritius Full Service Dealer) or USD $300,000+ (Bahamas SCB / Cayman CIMA / Bermuda BMA).); VASP / Digital Asset Business (Class F / DARE) (Virtual Asset Service Provider & Digital Asset Exchange / Custodian Licence — min. capital: USD $100,000 to USD $1,000,000+ risk-based capital depending on custody volume and exchange turnover.). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does FSC provide statutory investor compensation and mandatory client asset segregation?
Under FSC's framework, investor protection is governed by Contractual Custody & Segregated Trust Accounts (No Statutory Retail Compensation Fund) with maximum coverage of EUR €0 / USD $0 statutory government compensation scheme (protection relies on segregated client trust accounts, minimum paid-up capital/bonds, and Professional Indemnity Insurance) (Global cross-border retail and institutional clients onboarded outside restricted onshore jurisdictions (US, UK, Japan, Canada typically excluded by terms of business).). For client money and custody assets, supervised firms must comply with CIMA Statement of Guidance on Client Assets / Mauritius Securities Rules / Seychelles Securities (Conduct of Business) Regulations, performing mandatory separation of client funds from proprietary operating accounts; periodic reconciliation audited annually. with client moneys must be held in designated client trust accounts at approved domestic or international commercial banks..
How does FSC regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
FSC's digital-asset regime is structured around Cayman VASP Act, Bermuda DABA Class F/M & Bahamas DARE Act 2024 (Dedicated statutory digital asset licensing regimes used by top global institutional crypto derivatives exchanges, custodians, and tokenized funds.). Custody and AML/CFT compliance obligations require: Full FATF Recommendation 15 & 16 AML/CFT and Travel Rule compliance supervised via annual AML audits.
How can I verify an institution's FSC licence number and check our 122 recorded licence entries?
Our database currently tracks 122 licence records referencing FSC (91 marked regulated or registered). To verify a counterparty at the primary source, open FSC's official public register (https://www.belizefsc.org.bz/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
Research and compliance analysis from FinLexicon Wiki relevant to FSC and Belize.
Statutory Law & Custody Architecture
Statutory Client Asset Segregation & Insolvency Waterfalls: Comparative Legal Architecture of FCA CASS 7, SEC Rule 15c3-3, SIPA, and EU MiFID II Custody Regimes (2026)
A definitive statutory and insolvency-law reference comparing UK FCA CASS 7 statutory trusts, US SEC Rule 15c3-3 customer reserve formulas and SIPA liquidations, EU MiFID II Article 16(8)-(10) title-transfer prohibitions, and Japanese FIEA Article 43-2 trust bank mandates.
Derivatives Margin & Prudential Regulation
ISDA 2026 SIMM Risk Weights, Uncleared Margin Rules (UMR) Thresholds & VM/IM Collateral Eligibility
ISDA Standard Initial Margin Model (SIMM) refers to a parametric, sensitivity-based methodology calibrated across a 10-day margin period of risk (MPOR) at a 99% confidence interval to calculate regulatory initial margin for non-centrally cleared over-the-counter (OTC) derivatives under BCBS-IOSCO Uncleared Margin Rules (UMR).
Prudential Regulation & Capital Standards
Expanded Risk-Based Approach (ERBA) Basel III Endgame Standard: Statutory Definition, Regulatory Scope & Compliance Deadlines (-4.8% Cat I/II CET1 Change Benchmark)
Expanded Risk-Based Approach (ERBA) Basel III Endgame Standard (BASEL-ERBA-2026) stands at -4.8% (Cat I/II CET1 Change) (Source: Federal Reserve / OCC / FDIC, 2026-10-20), governing exact rule citations, covered entities
Market Microstructure & Derivatives Taxonomy
Expanded Risk-Based Approach (ERBA) Basel III Endgame Standard: Balance-Sheet Netting Mechanics & RWA Capital Weight Calculation (-4.8% Cat I/II CET1 Change Benchmark)
Expanded Risk-Based Approach (ERBA) Basel III Endgame Standard (BASEL-ERBA-2026) stands at -4.8% (Cat I/II CET1 Change) (Source: Federal Reserve / OCC / FDIC, 2026-10-20), governing multilateral netting compression and T
Statutory licensing classes, base capital rules, and investor protection summaries for FSC (Belize) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on FSC’s official public register.