Regulation 3 - Application for recognition of Bullion Exchange or Bullion Clearing Corporation
International Financial Services Centres Authority (Bullion Market) Regulations, 2025 Chapter II RECOGNITION OF BULLION EXCHANGE AND BULLION CLEARING CORPORATION
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Bullion exchange recognition requires prescribed applications, fees, constitutional documents, governance details, and membership-control arrangements for regulatory assessment. Recognition as a bullion exchange or bullion clearing corporation requires an application to the Authority in the specified form and manner with the ... Summary
Bullion exchange recognition requires prescribed applications, fees, constitutional documents, governance details, and membership-control arrangements for regulatory assessment.
Recognition as a bullion exchange or bullion clearing corporation requires an application to the Authority in the specified form and manner with the applicable fee. The application must include specified particulars and governing instruments for bullion contracts, including constitutional documents and bye-laws. It must address the governing board's constitution and management powers, office bearers' duties, membership classes and qualifications, and procedures for exclusion, suspension, expulsion and re-admission of members. Additional matters specified by the Authority must also be included.
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