Regulatory relaxation allows covered entities to seek departure from strict bullion market requirements through a reasoned application process.

The Authority may relax strict enforcement of Bullion Market regulatory requirements on its own motion or upon an application by a covered entity, where written reasons support the interests of developing and regulating the financial services market in an International Financial Services Centre. Applications must state relevant details and grounds, be accompanied by the prescribed non-refundable fee, and be processed within thirty days once complete. Reasons for acceptance or refusal must be recorded, and rejection reasons must be communicated to the applicant.

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