Permissible finance activities allow authorised core and non-core services subject to registration, operational safeguards, hedging limits, and prohibition of speculation. Finance Companies and Finance Units may undertake authorised core activities including lending, credit enhancement, securitisation, leasing, investment, ... Summary
Permissible finance activities allow authorised core and non-core services subject to registration, operational safeguards, hedging limits, and prohibition of speculation.
Finance Companies and Finance Units may undertake authorised core activities including lending, credit enhancement, securitisation, leasing, investment, derivatives and treasury-centre functions. Non-core activities, subject to applicable registration, include merchant banking, advisory, portfolio management, operating leasing, financial-product distribution, trading or clearing membership, ancillary support, facilitation services, and permitted special purpose vehicle leasing or financing. Non-core operations require separate departments, conflict-of-interest firewalls, and Board-approved grievance and compensation policies. Resident dealings remain subject to foreign-exchange law; derivatives by non-core operators are limited to hedging, and speculative transactions or funding are prohibited.
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