QUALIFICATION FOR MEMBERSHIP OF THE BULLION EXCHANGE OR BULLION CLEARING CORPORATIONInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
QUALIFICATION FOR MEMBERSHIP OF THE BULLION EXCHANGE OR BULLION CLEARING CORPORATIONInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
Orderly winding-down frameworks require bullion clearing corporations to settle or transfer positions and protect member assets. Every bullion clearing corporation must maintain an orderly winding-down framework for critical operations and services in voluntary and involuntary ... Summary
Orderly winding-down frameworks require bullion clearing corporations to settle or transfer positions and protect member assets.
Every bullion clearing corporation must maintain an orderly winding-down framework for critical operations and services in voluntary and involuntary scenarios. The framework must provide for timely settlement, cessation or transfer of positions and for transfer of members' collateral, deposits, margins and other assets to a bullion clearing corporation taking over operations. Related matters necessary for an orderly transition must also be addressed.
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