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Regulatory perimeter: Difference between revisions
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“Would it make a difference if I anchored a mile outside their territorial waters, and invite rich people to sail out on their yachts to see me, for all their investment needs?”}} | “Would it make a difference if I anchored a mile outside their territorial waters, and invite rich people to sail out on their yachts to see me, for all their investment needs?”}} | ||
The buccaneer who asks herself these sorts of things considers, whether she knows it or not, | The buccaneer who asks herself these sorts of things considers, whether she knows it or not, the ''[[regulatory perimeter]]''. | ||
At what point, in her dealings with the people of Florin, does she become subject to Florin’s laws, customs and most importantly, the authorisation requirements of its six-fingered financial services regulator?<ref>So the next time we meet, I will not fail. I will go up to the six-fingered man, and I will say, “Hello. My name is Inigo Montoya. You killed my father. Prepare to die.”</ref> | |||
When — if at all — must she be registered as a Florinese [[broker-dealer]]? | When — if at all — must she be registered as a Florinese [[broker-dealer]]? | ||