Prop firm
Verified
Funded-account programme with 12-month payout record
Scope: All six pillars · Standards TIB-IS v1.0
Context
A proprietary trading programme operating a multi-phase evaluation and a live funded-account tier sought independent verification to address participant questions about payout reliability and rule enforcement consistency.
Evidence reviewed
Payout ledger for the preceding 12 months; rejection register with supporting rule citations; counterparty and liquidity-provider agreements; capital adequacy methodology; rule-change communications.
Outcome
Pass determination across all six pillars. Payout time-to-pay and rejection grounds were consistent with published policy. Rule enforcement logs showed consistent application. Capital methodology satisfied the stress scenario requirements in TIB-IS.2.
TIB-IS.1TIB-IS.2TIB-IS.3TIB-IS.4TIB-IS.5TIB-IS.6
Broker
Verified
CFD broker: execution and segregation
Scope: Limited (TIB-IS.2, TIB-IS.3, TIB-IS.6)
Context
A broker with a retail and professional client base requested a limited-scope engagement covering capital safeguarding, execution quality, and disclosure accuracy. Governance and risk frameworks were already documented under an existing regulatory authorisation and were outside the TIB scope.
Evidence reviewed
Client-money segregation statements, custodian diligence files, execution telemetry and slippage samples, marketing copy versus terms of business.
Outcome
Pass on all three pillars in scope. Registry entry issued with explicit limited-scope marker and named pillars.
TIB-IS.2TIB-IS.3TIB-IS.6
Prop firm
Conditional
Remediation pathway after capital methodology gap
Scope: All six pillars · Remediation due within 90 days
Context
A proprietary trading programme met the Pass threshold on five pillars but fell short of TIB-IS.2 on capital methodology and TIB-IS.6 on fee disclosure. The firm elected to remediate.
Findings
Capital methodology did not apply the stress scenarios required by TIB-IS.C-5. Fee schedule referred to conditions published on a separate page which was no longer live.
Outcome
Conditional determination with a remediation plan agreed: revised capital methodology with stress testing, and a consolidated fee schedule published on the firm's primary terms page. Registry entry issued as Conditional with a 90-day remediation deadline and an automated scheduled follow-up.
TIB-IS.2 ConditionalTIB-IS.6 Conditional
Fund
Verified
Systematic fund: governance and oversight
Scope: All six pillars · Standards TIB-IS v1.0
Context
A systematic long/short equity fund sought a verification that could be referenced during institutional allocator due diligence in parallel to operational due-diligence work commissioned by the allocator.
Evidence reviewed
Conflicts-of-interest register, board minutes, independent valuation policy, NAV production and review records, trade-allocation log, counterparty and prime-broker diligence, data-protection posture.
Outcome
Pass determination across all six pillars. Allocator reports indicated the registry entry reduced duplicated due diligence on operational-integrity topics. Scope of the engagement was disclosed in the registry entry.
TIB-IS.1TIB-IS.2TIB-IS.3TIB-IS.4TIB-IS.5TIB-IS.6
Exchange
Verified
Digital-asset venue: market integrity controls
Scope: All six pillars · Standards TIB-IS v1.0
Context
An institutional-access digital-asset spot venue requested verification covering matching-engine governance, listing integrity, and market-abuse surveillance.
Evidence reviewed
Matching-engine change control, listing committee minutes and criteria, surveillance alert taxonomy and resolution log, custody arrangements, participant-facing disclosures.
Outcome
Pass determination across all six pillars. Surveillance coverage map and listing criteria version were recorded in the registry entry.
TIB-IS.1TIB-IS.3TIB-IS.5TIB-IS.6
Prop firm
Revoked
Revocation after payout policy divergence
Scope: All six pillars · Initial determination Verified, revoked on evidence update
Context
A proprietary trading programme initially received a Pass determination. Three months later, whistleblower evidence and public participant accounts prompted a re-examination of the payout ledger.
Findings
A pattern of rejections under a clause not published in the payout policy was identified. The firm declined to submit a remediation plan within the required window.
Outcome
Verification revoked. Registry entry retained in history with effective and revocation dates and a summary of the material finding. The firm retains a right of appeal on procedural grounds; any successful appeal would be recorded alongside the current status.
TIB-IS.4 FailTIB-IS.6 Fail