Pending Sanctum Exchange Corporation - Financial Institution Registration

PhillinDeBlanc

New member
PhillinDeBlanc
PhillinDeBlanc
Detective
Joined
Apr 12, 2025
Messages
26
Username: PhillinDeBlanc

Registered Name: Sanctum Exchange Corporation

Company Docket Thread URL: Company Docket: Sanctum Exchange Corporation

Address: C-3-Regent-st

Primary Contact Person: PhillinDeBlanc

Directors:
PhillinDeBlanc

Compliance Officer: PhillinDeBlanc

Type of Institution: Commodities Broker

Scope of Activities: Investment services

Scope of Activities (other): Investment services for commodities and commodities futures.

Authorized Share Capital: 1000 Class A Shares, 6 Class D Shares, 636 Class C Shares, 1358 Class B Shares (£1 Par value)

Ownership Structure: 50.13% PhillinDeBlanc, 49.87% Other

Brief Description of Services and Customer Base: Sanctum operates a commodities exchange and futures market where players can buy and sell luxury in-demand goods such as Elytra, Netherite Ingots, and Diamonds. Sanctum's customer base is miners, investors, speculators, and many other players who do business in Alexandria.

By signing below, the Applicant acknowledges and undertakes to:

  1. Financial Institution Tax
    • Pay a monthly Financial Institution Tax at the rate of (10%) of reported profits (Revenue Act § 6(2)).
    • Submit payment by the end of the second week of the following month.
  2. Financial Records & Reporting (Revenue Act § 7)
    • Maintain detailed accounts of investment revenue, operating costs, assets, and liabilities.
    • Report to the Ministry of Trade & Finance by the end of the first week of each month:
      • Profits for the preceding month
      • Total assets & liabilities as of month-end
      • Significant changes in financial condition or operations
      • Summary of investment portfolio (securities, loans, other instruments)
      • Regulatory actions, legal proceedings, or material events
      • Compliance status with financial regulations
  3. Audit & Inspection
    • Consent to Ministry audits and inspections of financial records (Revenue Act § 8(3)(a)).
  4. Tax Exemption
    • Upon registration, this entity shall be exempted from the Corporate Balance Tax (1% weekly) under Revenue Act § 11(2)(a).
    • Acknowledge that exemption may be revoked for misrepresentation or non-compliance.

Link to Company Docket: Company Docket: Sanctum Exchange Corporation

List of Share Classes & Ownership Register excerpt: SNCTM_SHARES_REGISTER.xlsx

Declaration and Signature
I, the undersigned, hereby certify that the information provided is true and correct, that this Entity is duly organized under the Laws of the Kingdom of Alexandria, and that it will comply with all taxation, reporting, and regulatory requirements of the Revenue Act.
 
Last edited:
Back
Top