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MAE-4.6.3

A licensed exchangeG or licensed market operatorG may have regard to the following matters in determining whether an applicant has satisfied the eligibility criteria:

(a) Adequate financial capital and qualified technical and administrative staff to practice market makingG ;
(b) Separation between market makingG and any other activities that the memberG is licensed to practice in terms of organisational, technical, financial and administrative arrangements. Evidence thereof may be submitted by the memberG through the following;
(i) The adopted mechanism to separate the market makingG from other licensed activities;
(ii) The staff assigned to perform market makingG activities;
(iii) Experience and qualification of technical and administrative staff assigned to perform market makingG activities;
(c) Details of risk management systems and internal control procedures.
Added: January 2019
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(1 Version)
 
Jan 1 2019 onwards
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