RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
RIGHTS AND OBLIGATIONS OF BULLION DEPOSITORIES, PARTICIPANTS AND BENEFICIAL OWNERSInternational Financial Services Centres Authority (Bullion Market) Regulations, 2025
Regulation 5 - Grant of recognition as a 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 depends on eligibility, regulatory compliance, and possible additional conditions, with a hearing required before refusal. Recognition of a bullion exchange or bullion clearing corporation may be granted after the Authority considers the application, verifies compliance with ... Summary
Bullion exchange recognition depends on eligibility, regulatory compliance, and possible additional conditions, with a hearing required before refusal.
Recognition of a bullion exchange or bullion clearing corporation may be granted after the Authority considers the application, verifies compliance with prescribed conditions, and is satisfied of the applicant's eligibility. Recognition may be subject to additional conditions considered appropriate. Refusal of recognition requires that the applicant be given an opportunity of being heard in accordance with the prescribed procedure.
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