Financial Services Regulation

A financial services licence in the Gelephu Mindfulness City is granted by the Gelephu Financial Services Office under the Financial Services Act 2025 and its rulebooks, so how an application is framed matters as much as the business behind it. Basnet Law Pte. Ltd. is the first law firm incorporated in GMC.

Mapping your business against the regulated activities, from Dealing in Investments as Principal through Managing Assets to Managing a Collective Investment Fund.

Financial Services Licence applications under the Act and the GEN Rulebook, including the Threshold Conditions every applicant must meet.

Approved Person applications for the Controlled Functions, and the appointments the GEN Rulebook makes mandatory.

Governance, systems and controls under the GEN Rulebook, including whistleblowing policies.

Variations of permission, waivers and changes of control once you are licensed.

Financial promotion compliance and the rules on misleading statements.

International financial institutions establishing a GMC-licensed subsidiary or branch. Asset managers, brokers and advisers seeking a Financial Services Permission. Insurers, reinsurers and insurance intermediaries. Payment, credit and money-services businesses. Existing Licensed Firms facing a variation, a change of control or a supervisory enquiry.