Enforcement and direction-issuing powers permit action and penalties against bullion market entities and associated persons to protect market interests. Regulation 67 confers broad enforcement and direction-issuing powers in relation to the bullion market in an International Financial Services Centre. ... Summary
Enforcement and direction-issuing powers permit action and penalties against bullion market entities and associated persons to protect market interests.
Regulation 67 confers broad enforcement and direction-issuing powers in relation to the bullion market in an International Financial Services Centre. Directions or action, including penalties, may be initiated suo motu, on receiving information, during a pending inspection, enquiry or investigation, or after its completion. Measures may be taken in the interests of the public, trade, investors, consumers, securities market or bullion market against regulated entities and their directors, committee members, key management personnel, employees or associated persons.
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