# VCG’s UAE Disclosures Describe Firm as Introducing Broker By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/56695 Published: 2026-11-13T13:26:33.000Z Updated: 2026-11-13T13:26:33.000Z Section: Regulation > VCG's last indexed pre-Nov. 13 disclosures identify its local entity as an introducing broker and list CMA License No. 20200000348. The United Arab Emirates’ Capital Market Authority (CMA) public register has no entity-specific entry confirming VCG Securities Financial Consultation LLC’s authorization for over-the-counter (OTC) derivatives and spot currency brokerage. VCG’s last indexed UAE disclosures before Nov. 13 describe the entity as a regulated introducing broker, say it does not offer trading services directly and list CMA License No. 20200000348. Those disclosures may not reflect a later change. CMA rules place brokerage in OTC derivatives and spot currencies in the First Category. The Fifth Category covers arranging and advice, including introductions, activities that differ from direct brokerage. GTC Financial Consultancy L.L.C. announced a separate [Category One license for derivatives and currency brokerage]() on Wednesday, Nov. 11. Its disclosures list Nov. 9, 2026, as the issuance date. ## Links in this article - [Category One license for derivatives and currency brokerage](https://www.tokenpost.com/news/regulation/55563)