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
Regulation 37 - Utilization of Profits and Investments
International Financial Services Centres Authority (Bullion Market) Regulations, 2025 Chapter VIII GENERAL OBLIGATIONS OF BULLION EXCHANGE AND BULLION CLEARING CORPORATION
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Utilization of Profits and Investments requires Authority-aligned norms, restricting fund deployment unless approved treasury investments or separate entities apply. Utilization of profits and investments by bullion exchanges and bullion clearing corporations must conform to norms specified by the Authority. Deployment ... Summary
Utilization of Profits and Investments requires Authority-aligned norms, restricting fund deployment unless approved treasury investments or separate entities apply.
Utilization of profits and investments by bullion exchanges and bullion clearing corporations must conform to norms specified by the Authority. Deployment of funds or other activities require prior approval, except treasury investments made under an investment policy approved by the governing board. Activities involving fund deployment that are unrelated or not incidental to core bullion exchange or clearing corporation functions may be undertaken through a separate legal entity, subject to the Authority's approval.
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