Regulation
UCP regulates financial institutions in the banking, capital markets, insurance, payments sectors and so on. View the regulations and licensing requirements for your sector.
Sectors
BANKING
For deposit-taking institutions, including full banks, wholesale banks, merchant banks and finance companies.
FUND SUPPLY
For fund supplying including crypto fund supplies, giving crypto holding and so on.
CREDIT UNIONS
For loan and credit, mobile banking, investment services, and community involvement.
CORPORATE SERVICE PROVIDERS
For business formation, registered agent services, compliance and regulatory support, tax planning, human resources support. trademark, virtual office services.
DIGITAL ASSET BUSINESS
For Issuing, selling or redeeming virtual coins, tokens or any other form of digital asset, digital asset exchange, digital asset trust services, Providing custodial wallet services.
DIGITAL ASSET ISSUANCE
For tokens, security tokens, non-fungible token (NFTs). Central bank digital currencies, stablecoins, governance tokens and smart contracts.
INSURANCE
For insurance companies and insurance brokers, including licensed insurers, authorized reinsurers and registered insurance brokers.
INVESTMENT BUSINESS
For asset management companies, hedge funds, mutual funds, investment banks and financial advisory firms.
INVESTMENT FUNDS
For authorized funds, registered funds, private funds and institutional funds.
FUND ADMINISTRATION
For financial reporting, compliance and regulatory reporting, investor services, corporate actions, custody and safekeeping and fund governance & board support.
MONEY SERVICE BUSINESS
For money transmitters, currency exchange, check cashing, prepaid access service, virtual currency service, payment processing service and financial advisory services.
TRUST
For wealth transfer, asset protection, probate avoidance, charitable giving, special needs trusts, family trusts and life insurance trusts.
Regulatory and Supervisory Approach
UCP is the integrated regulator and supervisor of financial institutions between Luxembourg and United States.
UCP establishes rules for financial institutions which are implemented through legislation, regulations, directions and notices. Guidelines have also been formulated to encourage best practices among financial institutions. Combined with close supervision, these instruments help UCP achieve the outcome of a sound and progressive financial services sector.