{"id":10621,"date":"2022-10-08T22:10:29","date_gmt":"2022-10-08T22:10:29","guid":{"rendered":"https:\/\/idealfx.xyz\/wp1\/?page_id=10621"},"modified":"2022-12-16T16:59:37","modified_gmt":"2022-12-16T16:59:37","slug":"what-we-do","status":"publish","type":"page","link":"https:\/\/secure.efsec.org\/es\/what-we-do\/","title":{"rendered":"What we do"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"10621\" class=\"elementor elementor-10621\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-81fd096 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"81fd096\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5cd2ca3\" data-id=\"5cd2ca3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6f538b6 elementor-widget elementor-widget-heading\" data-id=\"6f538b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">What we do<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2d89acd\" data-id=\"2d89acd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f7e8db5 elementor-widget elementor-widget-text-editor\" data-id=\"f7e8db5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>EFSEC is an independent self-regulatory body and external dispute resolution body that enables traders and brokers to resolve their disputes quickly, efficiently, impartially and authentically.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-b914f4e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b914f4e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1e8366e\" data-id=\"1e8366e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea87dc8 elementor-widget elementor-widget-heading\" data-id=\"ea87dc8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">What we do<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3e7eb0 elementor-widget elementor-widget-text-editor\" data-id=\"f3e7eb0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>European Financial Services and Exchange Commission and its affiliates (\u201cEFSEC\u201d), is an independent self-regulatory organization and external dispute resolution (EDR) body, that is dedicated specifically to Forex. While the Financial Commission is not regulated by or registered with as an EDR body in any jurisdiction, it operates in a way where transparency, swiftness, and education are the paramount values.<\/p><p>European Financial Services and Exchange Commission ensures that traders and brokers are getting their disputes resolved in a quick, efficient, unbiased and authentic manner while making sure they walk away with a well-founded answer, thus contributing to their overall knowledge about Forex and Contracts for Difference (CFDs).<\/p><p>The Cayman Islands Monetary Authority has four principal functions:<\/p><p><strong>Monetary\u00a0&#8211;<\/strong>\u00a0The issue and redemption of Cayman Islands currency and the management of currency reserves.<\/p><p><strong>Regulatory\u00a0&#8211;<\/strong>\u00a0The regulation and supervision of financial services, the monitoring of compliance with money laundering regulations, the issuance of a regulatory handbook on policies and procedures and the issuance of rules and statements of principle and guidance.<\/p><p><strong>Cooperative\u00a0&#8211;\u00a0<\/strong>The provision of assistance to overseas regulatory authorities, including the execution of memoranda of understanding to assist with consolidated supervision.<\/p><p><strong>Advisory\u00a0&#8211;<\/strong>\u00a0The provision of advice to the Government on monetary, regulatory and cooperative matters.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b64eeb elementor-widget elementor-widget-heading\" data-id=\"2b64eeb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Obligations<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d7f4ca elementor-widget elementor-widget-text-editor\" data-id=\"3d7f4ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Among the Monetary Authority&#8217;s obligations in carrying out its functions are the requirements to:<\/p><ul><li>act in the best economic interests of the Cayman Islands;<\/li><li>promote and maintain a sound financial system in the Cayman Islands;\u00a0<\/li><li>use its resources in the most efficient and economic way;<\/li><li>have regard to generally accepted principles of good corporate governance;<\/li><li>endeavor to promote and enhance market confidence, consumer protection and the reputation of the Cayman Islands as a financial centre;<\/li><li>reduce the possibility for the use of financial services business for money laundering or other crime;<\/li><li>recognise the international character of financial services\/markets and the need to be competitive for consumers and suppliers while complying with appropriate and relevant international standards;<\/li><li>recognise the principle that a burden or restriction that is imposed should be proportionate to its expected benefits;<\/li><li>recognise the desirability of facilitating innovation in financial services business;<\/li><li>be transparent and fair.<\/li><\/ul><p>The Authority&#8217;s principal functions, and its obligations, are listed in Section 6 of the\u00a0<a href=\"https:\/\/www.cima.ky\/acts-and-regulations\" name=\"Monetary Authority Act\">Monetary Authority Act.<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-510b496 elementor-widget elementor-widget-heading\" data-id=\"510b496\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">What is so special about the Commission?<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f282545 elementor-widget elementor-widget-text-editor\" data-id=\"f282545\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tFinancial Commission is uniting the FX brokers who know that proper conduct will be the top value required in all dealings and producing educated and smarter traders who know how things exactly work. We have also developed a transparent and straightforward approach to self-regulation in the digital currency markets, by providing free dispute resolution services between traders, exchanges, and financial firms.\n<\/br><\/br>\nBy joining the Financial Commission, companies are demonstrating their commitment to upholding the highest standards of commercial honor and best business practices in conducting their business, regardless of their licenses and locations. These activities come together to create a cleaner, more credible Forex environment overall.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-56b7663\" data-id=\"56b7663\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-81a8dea elementor-widget elementor-widget-template\" data-id=\"81a8dea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"10766\" class=\"elementor elementor-10766\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-8966f2f elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"8966f2f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-686f884\" data-id=\"686f884\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce59932 elementor-widget elementor-widget-heading\" data-id=\"ce59932\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Quick links<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f9b93f eael-hamburger--none eael-advanced-menu-hamburger-align-right eael-advanced-menu--no elementor-widget elementor-widget-eael-advanced-menu\" data-id=\"9f9b93f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-advanced-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t            <div data-hamburger-icon=\"\" data-indicator-class=\"\" data-dropdown-indicator-class=\"&lt;i aria-hidden=&quot;true&quot; class=&quot;fas fa-angle-down&quot;&gt;&lt;\/i&gt;\" class=\"eael-advanced-menu-container eael-advanced-menu-align-left eael-advanced-menu-dropdown-align-left\" data-hamburger-breakpoints=\"{&quot;mobile&quot;:&quot;M\\u00f3vil vertical (&gt; 767px)&quot;,&quot;tablet&quot;:&quot;Tableta vertical (&gt; 1024px)&quot;,&quot;desktop&quot;:&quot;Desktop (&gt; 2400px)&quot;,&quot;none&quot;:&quot;None&quot;}\" data-hamburger-device=\"none\">\n                <ul id=\"menu-efsec-quick\" class=\"eael-advanced-menu eael-advanced-menu-dropdown-animate-to-top eael-advanced-menu-indicator eael-advanced-menu-vertical\"><li id=\"menu-item-11613\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11613\"><a href=\"https:\/\/secure.efsec.org\/es\/about-us\/\">About us<\/a><\/li>\n<li id=\"menu-item-11614\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11614\"><a href=\"https:\/\/secure.efsec.org\/es\/complaint-dispute\/\">Complaint\/Dispute<\/a><\/li>\n<li id=\"menu-item-11615\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11615\"><a href=\"https:\/\/secure.efsec.org\/es\/check-lisence\/\">Check Lisence<\/a><\/li>\n<li id=\"menu-item-11616\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11616\"><a href=\"https:\/\/secure.efsec.org\/es\/faq\/\">FAQ<\/a><\/li>\n<\/ul>                <button class=\"eael-advanced-menu-toggle\" aria-label=\"Essential Addons Toggle Menu\">\n                                    <\/button>\n            <\/div>\n            \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-c1981e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c1981e6\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-9349159\" data-id=\"9349159\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8bd4a7b elementor-widget elementor-widget-pix-text\" data-id=\"8bd4a7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pix-text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"pix-el-text w-100 text-left\" ><p class=\"resp-option text-white text-left font-weight-bold\" >how can we help you?<\/p><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3c2f77 elementor-widget elementor-widget-pix-text\" data-id=\"a3c2f77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pix-text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"pix-el-text w-100 text-left\" ><p class=\"resp-option text-white text-left\" >Contact us at the EFSEC's office nearest to you or submit a message online.<\/p><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d96defe elementor-widget elementor-widget-pix-button\" data-id=\"d96defe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pix-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<a  href=\"\/es\/contact-us\/\" class=\"btn m-0      btn-white d-inline-flex align-items-center      btn-md\"     ><span class=\"font-weight-bold\" >Contact us<\/span><\/a>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>What we do EFSEC is an independent self-regulatory body and external dispute resolution body that enables traders and brokers to resolve their disputes quickly, efficiently, impartially and authentically. What we do European Financial Services and Exchange Commission and its affiliates&#8230;<\/p>","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-10621","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/secure.efsec.org\/es\/wp-json\/wp\/v2\/pages\/10621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/secure.efsec.org\/es\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/secure.efsec.org\/es\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/secure.efsec.org\/es\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.efsec.org\/es\/wp-json\/wp\/v2\/comments?post=10621"}],"version-history":[{"count":0,"href":"https:\/\/secure.efsec.org\/es\/wp-json\/wp\/v2\/pages\/10621\/revisions"}],"wp:attachment":[{"href":"https:\/\/secure.efsec.org\/es\/wp-json\/wp\/v2\/media?parent=10621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}