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WorldWideMarkets establishes a European Presence



To support its global growth and ensure the highest level of security to its customers’ funds, WWM has launched a fully licensed Investment Firm in the Netherlands to access the market on both a retail and an institutional level (License #14003403) and has also been acknowledged as a EEA authorized entity by the Financial Services Authority (FSA) in the UK (FSA# 584538).



Official AFM Status

http://www.afm.nl/en/professionals/...11-A203-005056BE6692&all=1&q=worldwidemarkets



Official FSA Status

http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=302800



WWM N.V. is a fully regulated Forex and CFD Investment Firm regulated by the Netherlands Authority for the Financial Markets (AFM), which supervises the operation of the financial markets in the Netherlands, and Dutch National Bank (DNB). Further, the Markets in Financial Instruments Directive ('MiFID') is fully implemented in the Dutch Act on Financial Supervision.



European base in The Netherlands

The Netherlands, domicile of Euronext Amsterdam, was a strategic choice for WWM, due not only to its reputation for strict and innovative oversight, but also synergies with its corporate structure. Edward Liva III, Director of WWM N.V. explains, “The Netherlands is a natural expansion of our regulatory framework because it allows us to access the entire European market for forex and CFD trading with Europe’s most innovative and proactive regulator, the AFM. Further, if we choose to offer European equities execution, similar to what we currently offer through our U.S. based, FINRA regulated broker-dealer, our regulatory structure will already be built to accommodate that.” The highly regarded “twin peaks” regulatory structure, where oversight is provided by the industry regulator as well as the Central Bank, was pioneered by the Netherlands and is being adopted by the UK and other domiciles.



In terms of the overall stability of the Netherlands financial environment, AAA rated Netherlands provides the strong and stable economic and banking infrastructure critical to sound financial institutions. World class, well capitalized banks such as ABN AMRO, RaboBank and ING provide the foundation.



Stringent regulatory requirements

The Netherlands may well be among the strictest jurisdictions in Europe in terms of asset separation and also offers compensation schemes. The innovative Twin Peaks regulatory model was pioneered by the Netherlands’ regulators to stay at the forefront of customer asset protection and is being adopted by other regulatory regimes across Europe. Key elements of Netherlands regulatory oversight include:

- “Twin Peaks” protection. With this model, both the Regulator (AFM) and the Central Bank (Dutch National Bank) provide oversight. For more information on the “Twin Peaks” model, please visit the following sites:

o http://www.fsa.gov.uk/about/what/reg_reform

o http://blogs.reuters.com/financial-...h-regulator-says-twin-peaks-supervision-best/

o http://www.debrauw.com/News/LegalAlerts/Pages/NewsletterRegulatoryCriminalEnforcementApril2012.aspx

- Strict audit requirements – Annual Audit; Quarterly and Annual filings.

- MiFID compliant.

- Client Funds must be segregated from Company/Investment Firm funds per AFM guidelines.



Further Details about the Netherlands Regulatory Scheme

Supervision by the AFM and DNB (Dutch National Bank)

AFM strictly supervises its member institutions:

1. Licensing. Regulated Investment Firms such as WWM N.V. must be fully licensed by the AFM. Member firms must meet stringent financial stress tests and compliance requirements and are subject to material sanctions or dismissal for shortfalls.
Audits. Investment Firms undergo regulatory audits on a monthly/quarterly and annual basis to vet the firm’s financial status. The audit firms themselves must also be licensed by the AFM according to the Audit Firms Supervision Act, which sets the rules concerning the quality of audits . In addition, AFM employees make site visits to the Investment Firm’s premises to confirm that all applicable laws and regulations are strictly adhered to.


Controls. AFM regulated firms are required to perform ‘Know Your Customer (KYC),’ Anti Money Laundering (AML) and customer suitability screening for each potential customer.



To learn more about the AFM and DNB, please visit their websites:

Dutch National Bank (DNB): http://www.dnb.nl/en/home/index.jsp

Authority for Financial Markets (AFM): http://www.afm.nl/en.aspx



Further details on WWM N.V.’s operations, banking arrangements etc will be forthcoming shortly.​