Fund Management Company (FMC): Application
When would licensing / registration be required for a fund management company?
If a company raises and manages third party investors’ funds in a collective investment scheme, or invest them in segregated accounts into capital markets products, such as equities, fixed income and financial derivatives, it is conducting fund management and would need to be licensed or registered to do so. On the other hand, if a company is managing proprietary monies, or monies belonging to a single party or group of related entities, it is likely to be able to be exempt from licensing or registration.