Execution & order handling
Order intake, routing, execution, dealing model boundaries, disclosures, complaint handling.
- Execution-only vs discretionary
- Best execution / fairness claims (careful)
- Client comms and risk warnings
Core concept
Scope of Activities
“License” is a framework label. “Scope” is the operational permission set. Most counterparty failures happen when scope, business model, and funds flow don’t match.
Informational reference only. Scope is assessed on facts,
documentation, and controls—not on descriptions.
Method
How scope is mapped (practically)
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ActivitiesWhat you actually do: execution, routing, market interface, support, promotions.
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Custody postureDo you touch funds? Where do they sit? Who controls the keys or accounts?
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Funds flowWho pays whom, for what, and under what contractual responsibility?
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ControlsPolicies, monitoring, complaints, incident response, recordkeeping.
Output
What a “scope statement” should do
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Be falsifiableSpecific enough that a bank can verify consistency.
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Avoid implied permissionsNo “we are licensed therefore we can…” language.
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Match the moneyClaims must match flows, counterparties, and contracts.
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Protect boundariesExplicitly state what you do not do.
Activity taxonomy
Activities banks ask about first
These buckets are used to clarify scope. They are descriptive categories for analysis—not “sub-licenses”.
Custody & client funds
Where client funds sit, who controls accounts, segregation, withdrawal policy, safeguarding.
- Touching funds triggers deeper review
- Segregation model must be clear
- Consistency with contracts & UX
Non-negotiable
Boundaries prevent scope creep
A clean scope statement includes what you do, what you do not do, and what you outsource—so counterparties don’t assume hidden activity.
Do
→
Do not
→
Outsourced
→
Evidence
Counterparty lens
What counterparties try to prove
They’re not trying to “understand your story”. They’re trying to prove you are consistent and low-risk.
Banking expectations (detail)
How “licensed” claims are interpreted in onboarding.
Contact
Contact us
For general enquiries, verification questions, or reference corrections. This site does not accept applications.
Reference enquiries
Replace placeholders with your final channels.
Include: entity name, license reference (if any), activity
summary, and what exactly you want clarified.
Reference desk
Contact details
Emailinfo@nevesfinancialauthority.org
Phone+2399087684
LocationCapital Markets Desk, Neves Financial Services Authority Division, Neves Licensing Authority, R.3 de Feveirero, Almeirim, São Tomé , São Tomé & Príncipe
If you need application intake, use the commercial domain
(.com). This .org is a reference site.
