Membership Admission Process
On receipt of the Membership Application in the prescribed format along with the necessary documents and payments, the Exchange will process the application. After scrutinising the relevant information and documents and on the Exchange finding the Applicant suitable for admission, the Applicant will be called for an interview before the Membership Committee for assessment of the Applicant for suitability as a Member. Two Directors or Sr. Executives of the Applicant who are conversant with Commodities & / or Currency trading will need to appear before the Membership Committee.
Depending on the recommendation of the Membership Committee the Applicant may be approved or rejected. If approved, the application will be accepted by GBOT for grant of admission. The Membership Committee may recommend admission with or without conditions or may defer the admission to a later period.
On approval of membership of Global Board of Trade and where applicable, after the conditions are met by the Applicant, an In-Principle approval/admission will be granted to the Applicant. The Applicant will then be required to submit the relevant documents required by the Financial Services Commission, Mauritius for grant of license / registration as an Investment Dealer / Broker. Only after the grant of license / registration by the Financial Services Commission and effecting all remittances, fees, deposits etc. to Global Board of Trade Limited will the Applicant become a Trading and/ or a Clearing Member on the respective market segment of Global Board of Trade.
MEMBERSHIP ADMISSION PROCESS
