• MIR 3.2 MIR 3.2 Capital requirements

    • MIR 3.2.1

      A Recognised Investment Exchange shall hold the following capital:

      (a) an amount equal to 6 months' operational expenses; plus
      (b) unless the Regulator directs otherwise, an additional buffer amount of up to a further 6 months' operational expenses.

    • MIR 3.2.2

      For the purposes of this Rule, operational expenses shall be considered in accordance with:

      (a) International Financial Reporting Standards (IFRS);
      (b) generally accepted accounting principles of a third country determined by the Regulator to be equivalent to IFRS; or
      (c) accounting standards of a third country the use of which is permitted by the Regulator.

    • MIR 3.2.3

      Recognised Investment Exchanges shall use the most recent audited information from their annual financial statement.