Prior regulatory approval governs bullion exchange bye-laws and constitutional amendments through board review and applicable shareholder procedures. Prior approval of the Authority is required for bullion exchanges and bullion clearing corporations to make or amend bye-laws and constitutional documents ... Summary
Prior regulatory approval governs bullion exchange bye-laws and constitutional amendments through board review and applicable shareholder procedures.
Prior approval of the Authority is required for bullion exchanges and bullion clearing corporations to make or amend bye-laws and constitutional documents concerning regulated matters. Proposed amendments require governing board approval, shareholder approval where applicable, submission for regulatory approval, and Gazette and State publication where applicable. Applications must include board minutes, shareholder resolutions and public consultation. Amendments pursuant to regulations, circulars or similar instruments issued by the Authority are exempt from shareholder approval and public criticism.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.