Security of Funds
Peace of Mind
We have a rapidly growing client base so ensuring your funds are in safe hands throughout the settlement process is paramount to us.
Rules and regulations
Global Reach Partners is registered and supervised by the FCA as an Authorised Payment Institution and with HMRC as a Money Services Business. Under the FCA’s supervision, we must ensure we are compliant with the Payment Services Directive 2009.
Some of our requirements include:
- Maintaining adequate financial resources
- Accounting and auditing
- Keeping an accurate record of business activity and protecting these records for a minimum of five years
Relevant funds at GRP are protected post-trade for up to two weeks. These funds are kept separate from other funds held by the business. This excludes deposit or variation margin and is in-line with our obligation under The Payment Services Regulation 2009.