Issuer and holder
Commercial incentives of an issuer or related entity must not silently override monetary rules or holder protections.
Treasury and market
Treasury controlled value, reserve decisions and market activity require clear release rules, access controls and governance.
Reference and trading
Persons supervising the Gold Reference should not manipulate methodology to benefit trading positions or related parties.
Related parties
Material arrangements involving MAS FRANCE, affiliates, directors, employees, contractors or future liquidity providers should be identified and reviewed.
Governance controls
Segregation of duties, four eyes approval, information barriers, conflict registers, recusal and independent review may be required.
NĪNUOR is developed and owned by MAS FRANCE SAS. Regulated operating roles will be identified separately where required before activation.