Regulation and Safety - Providing "peace of mind" to clients

Regulation Overview

Mt.Cook Financial is a rapidly growing multi-entity, and multi-licensed financial services and technology provider. Mt.Cook Financial is also the website and dba name for the clearing division of its parent company Atlantic Pearl Ltd.  Mt.Cook has been purposely structured to hold various licenses and designations to help better serve a diverse and growing international client base.

 

FSB Regulation

Mt.Cook (dba parent company Atlantic Pearl Ltd) have obtained AJR status (authorized juristic representative) with the FSB, operating from Cape Town, South Africa (under FSB license no. 44816).

Atlantic Pearl is authorized by the FSB to provision liquidity to a global client base, and to deal as an AJR, in intra-day rolling spot currency contracts (as derivatives) in an agency model capacity under Category 1, sub-category 8 and 13 for both equities and derivatives.

fsb-permissions

The Mt.Cook FSB licensed division (this website) operates our ECN/STP trading facilities and serves a global client base.

 

ASIC (Australia) Regulation

Mt.Cook Australia means “MT COOK AUSTRALIA PTY. LTD” which is a company registered in Australia as of April 18th, 2017 (under ACN 617 836 558). Mt.Cook Australia is the Australian Division of the Mt.Cook Global (Atlantic Pearl Ltd.) group of companies, and is pending ASIC licensing. The Mt.Cook ASIC licensed division shall operate our DMA/STP trading facilities and can be accessed here.

 

VFSC (Offshore) Regulation

Mt.Cook (dba parent company Atlantic Pearl Ltd) holds a Principal’s License for Dealing in Securities & Derivatives (VFSC Company #: 30220). This license is granted by the Minister of Finance and Economic Development of Vanuatu, under supervision of the Vanuatu Financial Services Commission. This license and entity is utilized for our ongoing liquidity structuring and credit venue projects. Please contact us for more information on our Prime services or partnerships.

 

Client Fund Handling

Mt.Cook maintains stringent compliance policies in all aspects of its business to ensure that we remain up-to-date on all regulatory obligations.  As such, client funds are strictly held in segregated client trust accounts, independent from the company’s working and operating capital at all times.

 

Counter-parties

Mt.Cook only works with reputable vendors, custodian banks, prime brokers, stakeholders and technology providers. We are very discerning when it comes to our industry partners in order to fulfill our mandate of providing clients with a safe, stable, proficient and robust brokerage. Mt.Cook sources our own independent liquidity.

 

Anti-Money Laundering

Mt.Cook is fully compliant with, and strictly adheres to guidelines set by International Anti-money Laundering and Countering Financing of Terrorism Acts and Policies.  A carefully designed AML/KYC Progamme and Risk assessment have been designed and put in place to screen for politically exposed persons (PEPs) and to keep Mt.Cook and our clients protected from engaging with criminals and money launderers. Mt.Cook screens our applicants against various watch lists and databases prior to being accepted as clients.  An overview of our compliance program can be found here.

 

Privacy

Your privacy is assured by Mt.Cook which applies to our existing clients as well as inquiries made by prospective clients. We are advocates of privacy, so would not compromise the privacy of any party when we in fact wish to teach privacy and protect privacy and this is held as a high priority.

We maintain physical, electronic and procedural safeguards that comply with applicable laws to protect our client’s non-public personal information and under no circumstances do we disclose any client data to third parties unless forced to do so by court order or unless otherwise required by law to a regulatory, law enforcement, or other authoritative body having the power to do so. An overview of our Privacy Policy can be found here.