International Financial Services Centres Authority (Bullion Market) Regulations, 2025 Chapter V NET WORTH OF BULLION EXCHANGE AND BULLION CLEARING CORPORATION
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Net worth requirements require bullion market infrastructure entities to maintain capital, restrict profit distributions, and provide annual audited certification. Bullion exchanges and bullion clearing corporations must maintain a minimum net worth of USD 10 million at all times, subject to higher requirements ... Summary
Net worth requirements require bullion market infrastructure entities to maintain capital, restrict profit distributions, and provide annual audited certification.
Bullion exchanges and bullion clearing corporations must maintain a minimum net worth of USD 10 million at all times, subject to higher requirements specified as a risk-management measure based on the nature and scale of business. They cannot distribute profits to shareholders until the prescribed net worth is achieved. An audited net worth certificate for the preceding financial year, issued by the statutory auditor, must be submitted to the Authority by 30 September annually.
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