ENARA

Legal

Regulation & licensing.

Authorisation is not a badge we display. It is the framework that decides how client money is held, how orders are handled, and who we answer to when something goes wrong.

ENARA is building its operating model around licensed entities in the jurisdictions it intends to serve. Until those authorisations are finalised and published, every entity name, regulator, licence number, address and coverage figure on this page is shown as a clearly-labelled placeholder. Nothing here should be read as a representation that a specific licence is currently held in a specific jurisdiction.

Last updated: [date to be confirmed]

Our regulated entities

ENARA intends to operate through separate, locally authorised entities so that each client is served by the entity appropriate to their jurisdiction. The details below are placeholders pending final licensing.

01

[ENARA entity name], Gulf / MENA

[ENARA entity name] is authorised and regulated by [Regulator] under licence number [, to be confirmed], registered at [address, to be confirmed]. Intended to serve clients resident in [jurisdictions, to be confirmed].

02

[ENARA entity name], International

[ENARA entity name] is authorised and regulated by [Regulator] under licence number [, to be confirmed], registered at [address, to be confirmed]. Intended to serve clients outside the Gulf region where local law permits.

03

[ENARA entity name], Group holding

[ENARA entity name] is the group holding company, registered at [address, to be confirmed]. The holding company does not itself provide regulated investment services and does not accept client funds.

The entity that contracts with you will be identified in your client agreement before your account is opened. Where more than one entity could serve you, we will tell you which one does, and why.

Protecting your funds

Client asset protection is a set of operational controls, not a promise. These are the controls ENARA is designed around.

Segregated client accounts
Client money is intended to be held in designated client accounts, separate from the operating funds of the business, and is not used to finance the firm's own activities.
Reputable banking partners
Client accounts are intended to be held with regulated banking institutions selected against internal criteria covering financial strength, jurisdiction and operational resilience.
Daily reconciliation
Balances held for clients are intended to be reconciled against internal records on a regular cycle, with breaks escalated and resolved under a documented procedure.
Internal & external oversight
Compliance monitoring, internal audit and independent external audit are intended to review the handling of client assets, with findings reported to the board and, where required, to the relevant regulator.
Governance
Responsibility for client asset protection is intended to sit with a named senior function, so that the control has an owner rather than a policy document.

Investor compensation

Where the licensing regime of an ENARA entity provides for an investor compensation or protection scheme, eligible clients of that entity may be able to claim compensation if the entity is unable to meet its obligations. Coverage is [up to, to be confirmed] per eligible client, subject to the rules of the relevant scheme.

Eligibility, the definition of an eligible claim, and the applicable limits are set by the scheme and not by ENARA. Compensation schemes protect against the failure of the firm. They do not protect against investment losses, and no scheme will return money lost because a market moved against you.

Policies & disclosures

The following documents will be published in full alongside final licensing. Summaries of each are available on request.

  • Best Execution & Order Handling Policy

    How we take all sufficient steps to obtain the best possible result for clients, the execution factors we weigh, and how order priority is determined.

    Download (coming soon)

  • Complaints Handling Policy

    How to raise a complaint, the timelines we work to at each stage, and the external routes available to you if you remain dissatisfied.

    Download (coming soon)

  • Conflicts of Interest Policy

    The conflicts that can arise in our business, the controls that manage them, and the circumstances in which we would disclose rather than manage a conflict.

    Download (coming soon)

  • Capital Adequacy Statement

    How the regulated entity maintains capital resources appropriate to the scale and nature of its activities, and how that position is monitored.

    Download (coming soon)

  • AML / KYC Policy

    Our approach to client due diligence, source-of-funds checks, ongoing monitoring, sanctions screening and the reporting of suspicious activity.

    Download (coming soon)

A note on placeholders

Every regulator name, licence number, registered address, scheme limit and jurisdiction on this page is a placeholder pending final licensing. Placeholders will be replaced with verified detail only once the corresponding authorisation is granted and confirmed in writing.

If you need confirmation of ENARA's regulatory status before opening an account, contact us and we will tell you exactly where the process stands.

This page is informational. It does not form part of any client agreement and does not constitute a representation as to the regulatory status of any ENARA entity.

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Questions about our regulatory status?

Our team will tell you which entity would serve you, what stage its authorisation is at, and what that means for your account.