Regulation 33 - Appointment of Chief Legal Officer
International Financial Services Centres Authority (Bullion Market) Regulations, 2025 Chapter VII GOVERNANCE OF BULLION EXCHANGE AND BULLION CLEARING CORPORATION
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Chief Legal Officer appointment governs legal-risk management, parent-entity support, bye-law review, and cross-border arrangements in bullion market entities. Chief Legal Officer appointment is mandatory for bullion exchanges and bullion clearing corporations that are not subsidiaries or joint ventures of market ... Summary
Chief Legal Officer appointment governs legal-risk management, parent-entity support, bye-law review, and cross-border arrangements in bullion market entities.
Chief Legal Officer appointment is mandatory for bullion exchanges and bullion clearing corporations that are not subsidiaries or joint ventures of market infrastructure institutions. Subsidiaries and joint ventures may rely on parent-entity legal assistance, but must appoint a Chief Legal Officer if that assistance is unavailable. Appointment may also be required for entities exceeding a specified operational size and scale. The Chief Legal Officer is responsible for legal-risk mitigation, vetting bye-laws and amendments, reviewing cross-border legal documents, and undertaking functions assigned by the governing board or the Authority.
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