With regulated, by the way, what's meant is exchanges where an authority/accountant is looking into the books.
I understand "to be regulated" as the confirmation that all legal frameworks of finance correspond to your jurisdiction(s). The confirmation ideally comes from a trustworthy auditor. Being "regulated" does not mean that an accountant checks the books!
(or please specify what do you mean with "authority/accountant". I apologize if I misunderstood you!)
Hence my question: since you are registered as B.V in the Netherlands and as LTD in England and Wales, could you please explain which jurisdiction exactly which business activities are subject to the NEXT Exchange? Which companies with which exactly business activities are registered in NL and which in GB? (or especially in Wales?)
Another question: does the NEXT Exchange currently meet all the requirements of the "Autoriteit Financiële Markten" (for the Netherlands) or the Financial Services Authority (for Great Britain) that apply to you? (e.g. Fiat-Deposits, custody, exchange, trading with client funds, tokenisation etc.)
Thanks a lot in advance.