The CFC act lays out the framework to facilitate the establishment of Brokerage and Clearing House License business from The Union of the Comoros. Application for Brokerage licenses is made to the Comoros Finance Commission applicants must have an IBC (International Business Company). Both an IBC and Licenses can be applied for at the same time. There is only one class of Brokerage business authorized by the CFC.
The objects and purposes of the company is to offer Brokerage services for non-residents of the Union of the Comoros. All or any of the following can be operational.
- Stock Brokerage
- Securities Brokerage
- Financial Advisory
- Asset Management
- Fund Management
- Custody Services
- Transaction Clearing
- Payment Processing
- Currency Trading (FOREX)
- Issuance of Securities
- Underwriting of Securities