For one to operate as an investment dealer, he/she ought to be licensed as a representative of the investment dealer under any of the investment categories. Investment dealers are licensed by the FSC, who only grant licenses to individuals who are fully qualified.

These qualifications include:

  1. An Investment Dealer (Full Service Dealer) should hold a Degree in a relevant field and at least 8 years of relevant experience in investment business;
  2. An Investment Dealer (Broker) should hold a Degree in a relevant field and at least 4 years of relevant experience in investment business;
  3. An Investment Dealer (Discount Broker) should hold Diploma course in a relevant field and at least 2 years of relevant experience in investment business; and
  4. The FSC may consider an application from an individual who is licensed as a stockbroker or dealer`s representative.

Applicants seeking an investment dealer license are required to pay the following processing fees and annual fees:

Category                                                                              Processing Fees       Annual Fees

Investment dealer (full service dealer, including underwriting)        100,000                                 250,000

Investment dealer (full service dealer, excluding underwriting)       7,500                                      50,000

Investment dealer (Currency Derivatives Segment)                             30,000                                   90,000

Investment dealer (Broker)                                                                            5,000                                      30,000

Investment dealer (Discount Broker)                                                          2,500                                      20,000