Doo Financial Obtains Securities and Money Broking Licenses Granted By The Malaysia Labuan Financial Services Authority (MY Labuan FSA)
Doo Group’s subsidiary company, Doo Financial Labuan Limited marks another milestone in its journey with the obtainment of Securities (License No.: SL/23/0022) and Money Broking (License No.: MB/23/0108) licenses granted by the Malaysia Labuan Financial Services Authority (MY Labuan FSA). Doo Financial Labuan Limited is a securities company located in an island of Labuan, Malaysia.
Since Doo Group’s establishment, it has been working professionally to deliver the best services to global clients. Upholding the spirit of excellence, Doo Group has developed a robust team with over 550 industry experts working in more than 10 offices worldwide. The obtainment of the license is not only a step forward for Doo Group’s global presence, but also further demonstrates the rapid growth of the group in the constantly changing market during times of uncertainty.
A Momentous Milestone In Doo Group’s Global Development
Lying in the heart of the Asia Pacific region, Labuan is an island located in Malaysia. Its Labuan International Business and Financial Centre, famously known as Asia’s premier international financial hub, is managed by the MY Labuan FSA. In accordance with international standards, MY Labuan FSA possesses a strong legal system based on English common law, offering global companies and investors the benefits of being in a well-regulated and supervised jurisdiction.
As a global financial services group adhering to the core values of professionalism, integrity and accountability, Doo Group always ensures that the rights of its clients are well-protected. Therefore, Doo Financial Labuan Limited has decided to venture into the Labuan market that is supported by a robust regulatory framework. In addition to the extensive trade links between Malaysia with other ASEAN countries, Labuan has become a good choice for Doo Group to expand its global footprint.
A Broader Range of Investment Opportunities For Global Clients
Upon obtaining the Securities and Money Broking Licenses, Doo Financial Labuan Limited is authorized to provide the following services to the client:
-Dealing in securities which includes but not limited to the sale/purchase of securities, underwriting of securities, quoting prices, etc.;
-Act as a mediator by bringing together and matching clients with their counterparties in money or foreign exchange markets.
A Big Step In Building Cohesive Financial Ecosystem
Under the Labuan Securities Licenses, Doo Financial Labuan Limited is authorized to provide clients with brokerage services in trading global securities.
This strategic step has demonstrated Doo Group’s strength in seizing opportunities within the global financial market. It is a great stride of the group in building a healthy and cohesive financial ecosystem. With the vision of “Clients Come First”, Doo Group always strives to ensure the benefits of its clients in all aspects. In the future, Doo Group will be discovering more possibilities of FinTech during its journey of exploration, keeping its clients at the forefront in the industry.
About Doo Group
Doo Group was established in 2014, currently headquartered in Singapore. After years of development, Doo Group has become a multi-faceted financial services group with financial technology as its core. With multiple sub-brands such as Doo Clearing, Doo Financial, Doo Prime, FinPoints and more, Doo Group is committed to provide trading and asset management services for over 20,000 financial products such as Securities, Futures, Forex, CFDs and Funds to global individual and institutional clients.
Currently, the entities within Doo Group, according to their location and products, are regulated by many of the top global financial regulators, including, but not limited to the United States Securities and Exchange Commission (US SEC) and Financial Industry Regulatory Authority (US FINRA), United Kingdom Financial Conduct Authority (UK FCA), the Australian Securities & Investments Commission (ASIC), the Australian Transaction Reports and Analysis Centre (AUSTRAC), the Hong Kong Securities and Futures Commission (HK SFC), the Hong Kong Insurance Authority (HK Insurance Broker), the Hong Kong Companies Registry (HK Trust Company), the Hong Kong Customs and Excise Department (HK Money Service Operator), the Malaysia Labuan Financial Services Authority (MY Labuan FSA), the Seychelles Financial Services Authority (SC FSA), Mauritius Financial Services Commission (MU FSC), and the Vanuatu Financial Services Commission (VU FSC). Doo Group has entities operating in various global locations, including Dallas, London, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur as well as other regions.
For enquiries and further information, please contact us:
Hong Kong: +852 6701 2091
Singapore: +65 6011 1736
Email: [email protected]
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