Before you start- Rules

Regulation


AFRICANX is a software solution that enables the registered Financial Service Provider RST Capital Trust to register “Brokerage Accounts” opened for verified investors and clients to invest into existing projects on the platform making Private Offerings of their shares. Based on accepted principles of Anti-money Laundering (AML) and Know Your Client (KYC) Guidelines and rules, the accounts are opened within the Financial Service Provider managed system.
As a licensed financial service provider, the following services can be offered the the AfricanX Private Investor and Placement system:

  • Keeping, investing, administering, or managing money, securities, or investment portfolios on behalf of other persons
  • Operating a money or value transfer service
  • Changing foreign currency
  • Trading financial products or foreign exchange on behalf of other persons

(Reference: http://www.business.govt.nz/fsp/app/ui/fsp/version/searchSummaryOtherFSP/FSP223345/9.do)
As a private exchange RST Capital handles on behalf of the AfricanX members the deposit of shares by the companies who are wishing to make an offering, the deposit of shares by investors, and keeping of these securities while managing the transmission of money to complete the sale of the securities and offerings by the Company.
In addition, the AfricanX operator RST Capital Trust is registered with a Dispute resolution scheme
Name of scheme:
Financial Services Complaints Limited
Level 4, Sybase House, 101 Lambton Quay, Wellington 6011

AFRICANX and RST Capital TRUST do not accept clients who are residents or Citizens of New Zealand, as this is prohibited by the Governing New Zealand authorities.

US Clients are prohibited from buying any US Security through the platform.
Canadian Clients are prohibited from buying any Canadian security through the platform.

 

 

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