Financial Services Firms

AC Limited (Trading as HAYVN)

service
Financial Services Permission Number
190016
Date of Financial Services Permission
23 December 2021
Address
Unit 13, Floor 7, Al Sarab Tower, Adgm Square, Al Maryah Island, Abu Dhabi, United Arab Emirates
Legal Status
Private Company Limited by Shares
Phone
+971 50 545 8728
Regulated Activities
Type
Effective date
Withdrawn Date
Arranging Deals in Investments
23 December 2021
Effective date
23 December 2021
Withdrawn Date
Providing Custody
23 December 2021
Effective date
23 December 2021
Withdrawn Date
Conditions
In accordance with FSMR Section 30(4)(a) the following limitations and stipulations apply to AC Limited as detailed:
  • AC Limited is not permitted to deal with Retail Clients, as defined in the Conduct of Business Rulebook (COBS);
  • AC Limited is restricted to allowing only the use of Bitcoin (BTC) and Ethereum (ETH) on its platform (as Accepted Virtual Assets); and
  • AC Limited is restricted to USD 1 million in total assets (Fiat and Accepted Virtual Assets) and a maximum of 100 clients across trading and custody activities.
Endorsements
None
Regulatory Actions
None
Approved Persons
Reference Number
Name
Role
Status
Effective date start
Withdrawn date
00809
Christopher Flinos
Senior Executive Officer
Current
23 December 2021
Reference Number
00809
Name
Christopher Flinos
Role
Senior Executive Officer
Effective date start
23 December 2021
Withdrawn date
00810
Ahmed Ismail
Licensed Director
Current
23 December 2021
Reference Number
00810
Name
Ahmed Ismail
Role
Licensed Director
Effective date start
23 December 2021
Withdrawn date
00809
Christopher Flinos
Licensed Director
Current
23 December 2021
Reference Number
00809
Name
Christopher Flinos
Role
Licensed Director
Effective date start
23 December 2021
Withdrawn date