QUALIFICATION FOR MEMBERSHIP OF THE BULLION EXCHANGE OR BULLION CLEARING CORPORATIONInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
QUALIFICATION FOR MEMBERSHIP OF THE BULLION EXCHANGE OR BULLION CLEARING CORPORATIONInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
Fit and proper requirements mandate replacement of disqualified market personnel or risk institutional disqualification proceedings. Fit and proper requirements require a bullion exchange, bullion clearing corporation, bullion depository, or vault manager to replace any director or key ... Summary
International Financial Services Centres Authority (Bullion Market) Regulations, 2025
Fit and proper requirements mandate replacement of disqualified market personnel or risk institutional disqualification proceedings.
Fit and proper requirements require a bullion exchange, bullion clearing corporation, bullion depository, or vault manager to replace any director or key management personnel who ceases to satisfy prescribed fitness and propriety criteria within thirty days of disqualification. Failure to replace the person permits initiation of proceedings to declare the relevant regulated entity not fit and proper.
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