


1 September 2026
Establishes the regulatory framework for financial market infrastructure in GMC, defining rules, standards, and obligations for exchanges, clearing houses, and other recognised market bodies, covering governance, risk management, operational resilience, and market conduct.
The document sets out the Market Infrastructure Rulebook (MIR) issued by the Gelephu Financial Services Office, establishing the regulatory framework for financial market infrastructure in Gelephu Mindfulness City.
Its purpose is to define the rules, standards, and obligations for entities such as exchanges, clearing houses, and other recognised market bodies. It covers governance, risk management, operational resilience, market conduct, and controls to prevent financial crime.
Overall, the rulebook aims to ensure the integrity, transparency, and stability of financial markets while aligning with international best practices and supporting the safe development of financial and digital asset activities in Bhutan.