Dominion Markets Obtains UAE CMA Category 5 Licence, Adding a Dubai-Based Regulated Entity
Dominion Markets has obtained a UAE CMA Category 5 licence, adding a Dubai-based regulated entity to support its regional business structure.
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FSCA grants licence to Sovereign Africa Ratings
Abstract：The Financial Sector Conduct Authority (FSCA) has granted Sovereign Africa Ratings (Pty) Ltd (SAR) a licence to operate as a sovereign credit ratings agency from March 8, 2022.
The Financial Sector Conduct Authority (FSCA) has granted Sovereign Africa Ratings (Pty) Ltd (SAR) a licence to operate as a sovereign credit ratings agency from March 8, 2022.
SAR is based in Centurion in Gauteng, and is authorised to issue sovereign ratings only.
According to the FSCA, a sovereign credit rating is one where:
The entity rated is a state or a provincial or local authority of the state; or
The issuer of the debt or financial obligation, debt security, or other financial instrument is a state, or a provincial or local authority of the state; or
A special purpose vehicle of a state or a provincial or local authority of a state.
It says the approval is in terms of Section 5 of the Credit Rating Services Act which “seeks to ensure that credit ratings issued in South Africa meet minimum standards of quality, transparency and independence”.
Only companies licensed by the authority as credit rating agencies may lawfully issue credit ratings that may be used for regulatory purposes.
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OW Markets Review 2026: Withdrawal Complaints Spark Trust Concerns
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RBI Burned $8 Billion in One Week — Is Your Rupee Safe?
The rupee bounced to 95.20 but RBI's forex reserves took a brutal $8.1 billion hit in a single week — here is what every Indian investor needs to understand right now.
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