acording to their web page
Divisa Capital LP (“DCFX”) is an investment house incorporated in New Zealand under the Companies Act 1993 and registered with both the Financial Services Providers Register (FSPR) and Financial Services Complaints LTD (FSCL). DCFX offers spot foreign exchange trading to a diversified client base that ranges from financial institutions through to private individuals.
Im not really on the clear on the content FMA regulation,
or from which country it originates from,
but if it's something more coming from the US,
if so, then I don't think FMA can force Divisa to licencing under them,
because they are located in New zealand and are not under US laws,
I agree that it's good with some regulation,
but it's allmost funny how the US expect all the world follow their regulation
thats just not going to happend.
I really think New Zealands regulations is just as safe as NFA,
we are not talking about a broker in cyprus
or as you say in no mans land.
I don't think Divisa is one of them,
their regulation seem to be strong even they not in US
you are our pathfinder
go on digging info
forum members need your leadership
you have live account so your questions if asked
can not be treated by company stuff with neglect
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FSP is not a strickt regulatory body i believe
i think that trader from newzeland wanted to report
that nz fin authorities desided to take serious mesures
and to clean this forex bordello begining month of may
this will help us to get clearer picture who is who in this industry
otherwise we get only general bla bla bla
saying nothing about leverage a consumer of service(trader)
has (if at all)over service provider
because many bucketshops can proudly publish like this(below)
and if devisa is really solid company
new rules only give it more weight and reputation
what i am hoping for
lucky trading to you!
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General details
Name:
DIVISA CAPITAL LP
FSP number:FSP15201
Registration date:04/12/2010
FSP status:Registered
Trading names:Business Address:Suite B7, 400 Rosedale Road Albany
Annual confirmation filing Month:September
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What is the FSPR?
The Financial Service Providers (Registration and Dispute Resolution) Act 2008 (‘the Act’) was passed into law on 29 September 2008.
The Financial Service Providers Register (FSPR) opened to accept applications on 16 August 2010. Registration for most financial service providers (FSPs) became compulsory on 1 December 2010, after which date most FSPs must be registered to legally provide their services.
Financial advisers have until 31 March 2011 to be registered and apply for authorisation. All authorised financial advisers (AFAs) must be authorised by 30 June 2011.
The key objectives of the register are to:
Provide an electronic register of FSPs, as mandated by the Financial Service Providers (Registration and Dispute Resolution) Act 2008;
Increase the level of transparency of public information related to FSPs, their licensed services and their related dispute resolution schemes;
Ensure certain people are prevented from being involved in the management of FSPs, such as those with specific criminal convictions;
Assist New Zealand to comply with its international obligations to prevent money laundering and the financing of terrorism;
Provide a ‘one stop shop’ to enable Financial Service Providers to meet registration and authorisation requirements via a single web page.
Registration
Entities and individuals who:
live or have a place of business in New Zealand; and
are in the business of providing financial services (in NZ or overseas)
must register on the FSPR to provide that particular financial service.
In order to register as an FSP, applicants will have to pass a criminal conviction background check, and those who provide services to retail clients will have to join an approved consumer dispute resolution scheme.
