Licensed Operator
Definition
What is Licensed Operator?
A market participant authorised by the relevant regulator to perform specified activities.
Example in practice
How This Looks in Practice
The investorA person or organisation that commits capital with the expectation of a financial return. confirms that the fund managerThe licensed firm responsible for investment decisions and day-to-day management of a fund. is licensed.
Keep learning
Related Terms
Fiduciary Duty
A legal or ethical duty to act loyally and carefully in another person's best interest.
Regulation & ComplianceSuitability
The requirement or process of determining whether an investment fits a client's circumstances and objectives.
Regulation & ComplianceBest-Interest Standard
A duty to place the client's interests ahead of the provider's when making a recommendation.
Nigeria InvestingNigerian Exchange
Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.