What is a regulatory license?

Financial regulatory license, which is a license for financial institutions to operate, is an official document that approves financial institutions to conduct business. Financial regulation is divided into pre-regulation, in-regulation and post-regulation according to the time period, the market access system is the core of pre-regulation, and financial license is the necessary condition for market access. Having a financial regulatory license means that it is an officially recognized and legally compliant financial institution to start financial transactions.