Primark Group Licenses
& Regulation
The Group’s companies are regulated in some of the world’s most reputable financial jurisdictions.
Group Licenses
Seychelles Financial Services Authority (FSA)
Primark Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority.
Licence number: SD008
FSA is established under the Financial Services Authority Act 2013. The regulator’s key responsibilities include the licensing, supervision and development of non-bank financial services in Seychelles through a solid regulatory regime.
Financial Conduct Authority (FCA)
Primark UK Ltd is authorised and regulated by the Financial Conduct Authority.
FCA Register Number: 717270
The FCA is an independent public body given statutory powers by the Financial Services and Markets Act 2000, regulating the conduct of both retail and wholesale financial services firms in the UK. The regulator’s mission is to make financial markets work well with the aim to protect consumers, enhance market integrity and promote competition.
DFSA UAE
Primark UK Ltd has a Rep office regulated by the Dubai Financial Services Authority.
Reference No. F007663
The DFSA is an independent regulatory authority of financial services and related activities conducted in or from the Dubai International Financial Centre, an offshore financial centre.
Cyprus Securities and Exchange Commission (CySEC)
Primark Europe Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission as a CIF limited company.
Licence number: 278/15
CySEC is the financial regulator of the Republic of Cyprus, established according to section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001. The purpose of CySEC is to safeguard investor protection and facilitate the sound development of the securities market through the exercise of efficient supervision.
Labuan Financial Services Authority (Labuan FSA)
Primark Asia Ltd is authorised and regulated by the Labuan Financial Services Authority.
Licence number: MB/18/0028
Labuan FSA acts as the central regulatory, supervisory and enforcement authority of the international business and financial services industry in Labuan. The authority plays a vital role in ensuring all entities operating under Labuan IBFC abide by the highest financial standards.
Financial Sector Conduct Authority (FSCA)
Primark South Africa (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA).
Licence number: FSP 49464
The Financial Sector Conduct Authority (FSCA) serves as the dedicated market authority in South Africa with a mission to enhance the efficiency and integrity of financial markets, promote fair customer treatment by financial institutions and assist in maintaining financial stability.
Registrations
Financial Conduct Authority
Federal Financial Supervisory Authority
Commissione Nazionale per le Società e la Borsa
Autorité de Contrôle Prudential
Comisión Nacional del Mercado de Valores
Directives and Memberships
MiFID II
The European Union’s Markets in Financial Instruments (MiFID II) directive 2014/65/EU provides a harmonised regulatory regime for the provision of investment services within the European Economic Area. The key objectives of the directive are to maximise efficiency, increase financial transparency, encourage competition and offer greater consumer protection. MiFID II allows investment firms to provide investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorisation.
Financial Services Compensation Scheme (FSCS)
Primark UK Ltd is a member of the Financial Services Compensation Scheme (FSCS). The FSCS is an independent compensation fund of last resort for customers of authorised UK financial services firms, set up under the Financial Services and Markets Act 2000. The FSCS’s objective is to pay compensation up to the value of £85,000 per client if a firm is unable or likely to be unable to pay claims against it in the event the firm has stopped trading or has declared to be in default.
Investor Compensation Fund (ICF)
Primark Europe Ltd is a member of the Investor Compensation Fund (ICF). The ICF has been set up according to Article 59(1) and (2) of Law 144(Ι)/2007 as an investor compensation fund for CIF clients and its functions are regulated by the directive DI87-07 of CySEC. The fund’s objective is to secure the claims of covered clients against the ICF members through the payment of compensation for any claims arising from the failure of a member of the fund to meet its obligations.
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