In its ongoing efforts to strengthen the legal and regulatory framework in Belize, the International Financial Services Commission (“IFSC”) formally announces an immediate six-month moratorium (“moratorium period”) on the granting of new licences in Trading in Financial and Commoditybased Derivative Instruments and Other Securities (“No 7 Licence”). This moratorium is subject to extension, should the IFSC determine that is necessary. No licence applications will be considered or licences granted during the moratorium period. This moratorium applies only to this category of licence issued by the IFSC.
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