A Securities Broker-Dealer License enables an individual or a company to deal with securities which include shares, debentures, bonds, and other forms. A highly valued permission, it enables businesses to deal in securities on behalf of others and accept funds from clients in permitted jurisdictions. The license also enables acting as a market maker or as an agent to find clients for securities and also to act as an investment consultant.
A Securities Broker-Dealer License is obtained in Kazakhstan after registering as a Domestic TOO (Ltd. Company) which then obtains subsequent permission as a Financial Service Provider from the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (‘Agency’) and Ministry of Economy. The license allows the business to accept customers from other jurisdictions.