Switzerland-based CAT Financial Products (CATFP) has secured an authorisation from the Swiss Financial Market Supervisory Authority (FINMA) to work as a securities business.
The approval permits CATFP to offer its customers with brand-new services and present its very first financial investment offerings.
The company, which mostly serves the structured items market, will have the ability to provide fresh items, services and trading functions, consisting of brokerage and circulation of monetary instruments, hedging deals, to name a few.
The regulative clearance even more makes it possible for CATFP to produce brand-new structured items, actively handled certificates (AMCs) and exchange traded items (ETPs).
Leveraging its own providing platform, the company will establish personalized items for the Swiss financiers.
Initially, CATFP will utilize its own balance sheet and through an off-balance sheet vehicle to launch structured items on its providing platform.
To fulfill the company’s legal specifications, a Protected Cell Company (PCC) has actually already been established in Guernsey. PCC runs under the brand name of 1291 Issuer PCC.
Besides, CATFP specified that it has actually closed a financing round.
CATFP partner and co-owner David Schmid said: “The financial investment house license is the rational next action in the advancement of CATFP.
“Not just does it allow us to offer our customers with an improved service offering, however it likewise develops a unique financial investment experience while offering the greatest levels of versatility, security and openness through exclusive items such as AMCs and ETPs.
“We are excited to set new standards with our state-of-the-art structured products issuance platform, in line with our mission to be ALWAYS AHEAD.”
Established in 2012, CATFP presently has branches in Zurich, Geneva, Bern, and Lugano.