Nauru Upfront Disclosure Document
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NAME:
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FINSAI TRADE LTD
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PHYSICAL ADDRESS:
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Shuraa Business Center Branch, full 29th floor, Prime Tower, Business Bay, Dubai, UAE.
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WEBSITE:
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EMAIL ADDRESS:
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T E L E P H O N E NUMBER:
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FAX NUMBER:
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043510078
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1. Companies Legal Status
Finsai Trade (The “FSP” hereafter) is a Private Company registered in the Nauru under registration number 003112024. As a licensed Financial Services Provider in terms of Nauru, the FSP accepts responsibility for the actions of its representatives, acting within their mandates, in the rendering of financial services as defined by the International Services Authority of Nauru. Our representatives either meet the fit and proper requirements as prescribed by the International Services Authority of Nauru or operate under appropriate supervision in accordance with the International Services Authority of Nauru, and are qualified to assist you in a professional manner with your financial requirements.
The FSP avails a copy of the Bank Of Nauru licence for inspection by the client at its place of business. The FSP acknowledges that it does not hold directly or indirectly more than 10% of the shares issued by the product supplier or an equivalent financial interest.
Details of Key Individuals and Representatives
Key Individuals
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NAME:
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AUTHORISED PRODUCTS
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FOREX AND CFD BROKING AND CLEARING
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INVESTMENT FUND
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3. Legal status of Key Individuals and Representatives
The FSP confirms that its key individual (s) and representative(s) are mandated and entitled to render financial intermediary services to you in terms of Nauru. The Key individuals and Representatives are/are not full-time employees of the FSP. The representatives are /are not remunerated from the product supplier and hereby submit that they do/or do not receive more than 30% of the preceding year’s commission or remuneration from the Product suppliers. Our Representatives do not/may from time to time receive cash, or non-cash incentives from product suppliers in line with our conflicts of interest policy, a list of such details are recorded in a register and available at our offices for your perusal.
4. Complaint Handling and Compliance Queries
Compliance Officer
If you have a complaint or a compliance related query, please do not hesitate to contact our Compliance Officer:
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NAME:
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Company:
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FINSAI TRADE LTD.
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Physical Address:
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Shuraa Business Center Branch, full 29th floor, Prime Tower, Business Bay, Dubai, UAE.
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T E L E P H O N E NUMBER:
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EMAIL ADDRESS:
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NAURU
Should a complaint not be resolved to your satisfaction, you may forward such complaint to the Office of the Nauru for Financial Services Providers:
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NAURU
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Physical Address:
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Shuraa Business Center Branch, full 29th floor, Prime Tower, Business Bay, Dubai, UAE.
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Email:
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Please note that, if you wish to lodge a complaint with the NAURU against the FSP or our representatives,
you will need to show that you have already attempted to resolve the matter directly with the FSP first.
5. Other Matters of Importance
a. In terms of the Financial Intelligence Centre Act, 2001 FSP is obliged to report any suspicious and unusual transactions that may facilitate money laundering.
b. It is important that you are absolutely sure that the product and transactions meet your needs and that you feel you have all the information you need before making a decision.
c. The FSP has a suitable Professional Indemnity (and Fidelity Insurance Cover) in place in accordance with NAURU.
d. Waiver of rights: You are hereby advised that no representatives of the provider or any other person may ask you, or offer any inducement to you, to waive any right or benefit conferred on you by or in terms of cany provision of the NAURU Act. Note further that no representative has a right to enter into any contractual obligation on the client’s behalf, or to restructure portfolios without the client’s prior written consent.
e. The client authorizes the FSP to access any relevant information required pertaining to the client to enable the FSP to adequately provide the necessary financial service or advice. Any client information obtained by our representatives shall remain confidential and shall not be disclosed to third parties unless otherwise required by a legal obligation or with your prior consent.
6. Financial Services and Products
Our Representatives are only authorized to provide services and advice in the product categories mentioned below only. Should the client require services outside of our licence approval, they may approach other licenced third parties authorized to render services in the desired product categories.
As an Authorized Financial Services Provider, the FSP has a Category I and II license issued by the Financial Services Board in terms of NAURU, to provide advisory and or intermediary services in respect of the following financial products:
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S. No
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Financial Products
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1
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Savings Accounts
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2
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Current Accounts
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3
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Fixed Deposits
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4
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Certificates of Deposit (CDs)
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5
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Personal Loans
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6
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Business Loans
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7
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Mortgage Loans
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8
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Credit Cards
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9
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Debit Cards
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10
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Investment Funds
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11
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Equity Investments
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12
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Bond Investments
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13
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Money Market Instruments
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14
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Mutual Funds
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15
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Cryptocurrency Trading
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16
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Foreign Exchange (Forex) Trading
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17
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Commodities Trading
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18
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Insurance Products (Life, Health, etc.)
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19
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Pension Plans
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20
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Money Transfer Services
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21
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Payment Processing Services
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22
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Remittance Services
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23
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Foreign Currency Exchange Services
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24
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Wealth Management Services
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25
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Financial Advisory Services
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26
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Retirement Planning Services
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27
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Estate Planning Services
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28
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Tax Planning and Consulting Services
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29
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Corporate Banking Solutions
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30
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Trade Finance Services
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7. Conflicts of Interest
In accordance with the FSP’s Conflicts of Interest Management Policy, the FSP places a high priority on its clients’ interests. As conflicts of interest could undermine the integrity and professionalism of the FSP and its employees, any potential or recognized instance must be identified as early as possible. Potential conflicts of interest are inherent in any business and therefore it is not the aim of the FSP to avoid all conflicts. If conflict situations cannot be avoided, the FSP will manage equitably and in the client’s interest as an integral part of the FSP’s duties and obligations. The FSP maintains an active Conflicts of Interest Management Policy, which is available on request.
8. Client Understanding & Confirmation
- The client agrees to provide the FSP with the necessary information and written consent required to affect the client’s mandate.
- The client consents to provide the FSP with any information relating to the client’s change in financial circumstance to enable the FSP to make the necessary adjustments to the financial plan.
- The client understands that they have an obligation to provide the FSP with accurate information, material facts, or statements relating to the completion of any transaction and that they assume the sole responsibility for any damage incurred as a result of their failure to accurately disclose information.
- It shall be the sole responsibility of the client to decide whether a product or financial decision is appropriate for their needs, objectives and circumstances, should the client elect to pursue a transaction contrary to the recommendation of the FSP.
- I confirm I have read this document and have received a copy of this notice
