Bovill congratulates CMC Markets Singapore Invest on new MAS licence

NEWS RELEASE: Online financial trading firm, CMC Markets Singapore Invest Pte Ltd has been granted a MAS licence for dealing in capital markets products (including securities, collective investment schemes, and exchange-traded derivatives contracts) and for providing custodial services.

The licence, granted on 23rd February, marks a significant milestone in the growth plans for CMC Invest’s Singapore business.

Bovill partnered with CMC Invest early in their journey towards obtaining the MAS licence. The Bovill team managed the project and supported the company throughout the licensing process, including providing guidance during crucial stages of the MAS review.

Christopher Forbes, Head of CMC Markets Singapore Invest, said:

“Bovill’s expertise, guidance and intuitive approach to governance were invaluable in helping CMC Invest with its successful Capital Markets License acquisition, which allows us to offer a full product suite to our clients. On behalf of CMC Invest, I would like to thank the Bovill team for their energy and wise counsel throughout the process, along with their professional and measured approach. We could not have made it this far without their partnership, and we look forward to further fruitful outcomes together.”

Damon Batten, Partner at Bovill, said:

“We are delighted to have worked closely with CMC Invest as they progressed towards their goal of obtaining the MAS licence. The MAS licensing process is rigorous and thorough, and the successful outcome is a credit to the dedicated CMC Invest team.”

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