Regulatory Permissions

The Regulatory Permissions section contains the following details:

Name of the permission
The issuing regulatory body
The country/jurisdiction where the permission has been granted.
Regulatory permission type

The following table details the spectrum of regulatory permissions within the Compliance space:

Permission type	Description
Registration	Entity is registered with the relevant authority for AML supervision or tax purposes.
License	Entity is licensed by the relevant authority to conduct specific activity within a country.
Regulation	Entity is authorised by relevant authority to conduct a regulated activity within a country. These entities are typically supervised from conduct and prudential perspective and subject to more stringent rules.
Temporary Exemption	Entity was granted a temporary exemption from obtaining an authorisation to conduct a specific activity. It usually is granted for specific period of time.
Sandbox	Entity is operating within a regulatory sandbox, experimenting with new technology in collaboration with authorities.
Agent Capacity	Entity is not regulated itself but acts in an agent capacity on behalf of a principal entity. Activities are often limited.
Temporary Permission	Entity is temporarily permitted to continue its operations when awaiting in-principal approval.
Pre-Approval	Entity has applied for the authorisation which is currently pending approval from relevant authority
Member	Entity is a member of a self regulatory organisation

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Current Status of the license

For each named regulatory permission a status will be applied as below.

Status	Description
Pending Approval	A company has applied for authorization and awaits regulatory approval.
Withdrawn	A company has voluntarily decided to withdraw its authorization or the application for authorization
Active	Regulatory authorization has been granted and is currently active
Inactive	Regulatory authorization had been granted for a specific period of time and expired
Revoked	Regulatory authorization has been revoked by the decision of relevant regulatory body, due to violations or non-compliance with threshold conditions required to maintain the authorized status

To the extent possible, the Authorization will also have Permitted activity type, number of licenses, and start and end dates.

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