Regulatory position
Draft — not yet in effect
This document is being prepared with counsel and is published here in outline so you can see its structure. It does not yet create obligations, and the clauses below are incomplete. Ask us directly for anything you need for a diligence review in the meantime.
The page a compliance officer asks for. It sets out what Finvica is, what it is not, and where the regulatory responsibility sits between us and the firms using the platform.
What Finvica is, and is not
ProsperTech Private Limited is a technology provider and not a registered intermediary. It does not hold an ARN, is not a mutual fund distributor, is not an investment adviser, and is not a portfolio manager. It does not solicit investments, does not advise on them, and does not own the investor relationship.
Firms using Finvica transact under their own ARN or RIA registration and remain the regulated party in their own client relationships. Finvica records, routes, values and reports; the regulated activity is yours.
This is a commercial commitment as well as a regulatory fact. We do not run a distribution business and will not compete with the firms whose books run on the platform.
EUIN handling
EUIN validity is enforced at order entry. An order carrying an expired EUIN is stopped at the point of entry with the reason stated, rather than being submitted and rejected downstream. Upcoming expiries surface ahead of the date.
KYC and the KRA
Client KYC status is checked against the KRA as part of the onboarding flow rather than as a separate step performed elsewhere. Per-tenant credentials are used for these checks; we do not pool credentials across firms.
Audit trail and PMLA
Sensitive actions write an immutable audit entry recording who acted, what changed and when. The trail is built to be produced for a regulator — exportable and legible without an engineer to interpret it.
AMFI alignment
Operative text for this section is with counsel and publishes on approval.
Grievance officer
Operative text for this section is with counsel and publishes on approval.
Company details and registrations
Operative text for this section is with counsel and publishes on approval.