Regulatory relaxation permits justified departures from strict bullion-market requirements through recorded reasons, complete applications, and reasoned decisions.

Relaxation of strict enforcement may be granted on the Authority's own motion or upon application by a covered entity, where written reasons are recorded and the relaxation serves the development and regulation of the financial services market in an International Financial Services Centre. Applications must state the relevant details and grounds, be accompanied by the prescribed non-refundable fee, and be processed within thirty days of receipt of a complete application. Reasons for acceptance or refusal must be recorded, and rejection reasons communicated to the applicant.

---

---

---