What are the Benefits of becoming a BSX Taxi Broker?
Becoming a BSX Taxi Broker can provide an organisation with:
- the credibility of approval by a recognised Stock Exchange;
- a way to build a credible profile within both Taxi and broader investment communities;
- access to a diverse client base.
To become a BSX Taxi Broker an organisation needs to satisfy the requirements in the BSX Taxi Market Business Rules. The Rules have been specifically developed for brokers working in the taxi sector while also meeting the regulatory requirements of the Victorian State Government.
The Rules therefore play an important role in setting standards for the conduct of brokers who trade on the BSX Taxi market.
How to Apply for Membership
BSX regards the application process as an important part of satisfying some of the key principles upon which the BSX Taxi Market Business Rules are based.
First, it ensures that an applicant meets minimum standards in relation to integrity, competency, experience and financial capacity before being recognised as a BSX Taxi Licence Broker.
Secondly, it ensures applicants become well aware of the ongoing obligations they will have to meet to ensure they remain capable of properly carrying out their obligations to BSX, their clients and other BSX Taxi Licence Brokers.
Key Steps
Becoming recognised as a BSX broker involves the following key steps:
- gaining an understanding of the initial and ongoing requirements of BSX Taxi Market;
- carrying out any work required before applying to become a BSX Taxi Broker.
- submitting a completed BSX Taxi Broker application form to BSX together with any other documents and fees required by BSX; and
- providing a properly executed BSX Taxi Broker contract to BSX.
